Phillips 66 (PSX) Outlook Starting To Look Brighter?

Phillips 66 (PSX) concluded trading on Wednesday at a closing price of $172.71, with 3.21 million shares of worth about $554.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.11% during that period and on April 3, 2024 the price saw a gain of about 1.90%. Currently the company’s common shares owned by public are about 430.46M shares, out of which, 426.92M shares are available for trading.

However, the stock later moved at a day high price of 149.50, or with a gain of 1.90%. Stock saw a price change of 10.29% in past 5 days and over the past one month there was a price change of 19.72%. Year-to-date (YTD), PSX shares are showing a performance of 29.72% which increased to 70.36% 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 $169.70 during that period. The average intraday trading volume for Phillips 66 shares is 3.18 million. The stock is currently trading 10.77% above its 20-day simple moving average (SMA20), while that difference is up 16.55% for SMA50 and it goes to 39.54% higher than SMA200.

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Phillips 66 (NYSE: PSX) currently have 430.46M outstanding shares and institutions hold larger chunk of about 78.45% of that.

The stock has a current market capitalization of $73.89B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 11.17, while it has posted earnings per share of $15.46 in the same period. It has Quick Ratio of 1.02 while making debt-to-equity ratio of 0.67. 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 2.59% while standing at 2.19% over the month.

Stock’s fiscal year EPS is expected to drop by -11.98% while it is estimated to increase by 2.58% 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.

Coverage by TD Cowen stated Phillips 66 (PSX) stock as an Outperform in their note to investors on December 04, 2023, suggesting a price target of $150 for the stock. On October 31, 2023, Wolfe Research Upgrade their recommendations, while on October 30, 2023, Tudor Pickering Holt & Co. Upgrade their ratings for the stock with a price target of $130. Stock get a Neutral rating from BofA Securities on August 15, 2023.

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