Technical Outlook And Game Plan For Phillips 66 (NYSE: PSX)

Phillips 66 (PSX) concluded trading on Thursday at a closing price of $146.82, with 4.02 million shares of worth about $589.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.32% during that period and on Thursday the price saw a gain of about 0.20%. Currently the company’s common shares owned by public are about 465.84M shares, out of which, 439.01M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 29 times over the past 12 months. They bought 380,361 shares in 18 of the transactions. In 11 selling transactions, insiders dumped 368,945 shares.

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Stock saw a price change of 0.87% in past 5 days and over the past one month there was a price change of 10.22%. Year-to-date (YTD), PSX shares are showing a performance of 10.27% which increased to 43.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $89.74 but also hit the highest price of $149.52 during that period. The average intraday trading volume for Phillips 66 shares is 3.29 million. The stock is currently trading 7.33% above its 20-day simple moving average (SMA20), while that difference is up 10.65% for SMA50 and it goes to 29.24% higher than SMA200.

Phillips 66 (NYSE: PSX) currently have 465.84M outstanding shares and institutions hold larger chunk of about 74.51% of that.

The stock has a current market capitalization of $64.59B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 9.49, while it has posted earnings per share of $15.46 in the same period. It has Quick Ratio of 0.96 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSX, volatility over the week remained 2.21% while standing at 2.30% over the month.

Analysts are in expectations that Phillips 66 (PSX) stock would likely to be making an EPS of $2.49 in the current quarter, while forecast for next quarter EPS is $3.75 and it is $14.02 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.26 which is $3.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.13% while it is estimated to increase by 4.80% in next year. EPS is likely to shrink at an annualized rate of -11.10% for next 5-years, compared to annual growth of 5.58% made by the stock over the past 5-years.

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