Stick With Phillips 66 (PSX). The Bull Are Alive And Well

Currently, there are 430.46M common shares owned by the public and among those 422.86M shares have been available to trade.

The company’s stock has a 5-day price change of 7.37% and -2.88% over the past three months. PSX shares are trading 10.54% year to date (YTD), with the 12-month market performance up to 33.37% higher. It has a 12-month low price of $107.41 and touched a high of $174.08 over the same period. PSX has an average intraday trading volume of 2.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.04%, 5.55%, and 6.51% respectively.

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Institutional ownership of Phillips 66 (NYSE: PSX) shares accounts for 77.28% of the company’s 430.46M shares outstanding.

It has a market capitalization of $62.39B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 11.33, while the earnings-per-share (ttm) stands at $12.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.67% over the week and 2.33% over the month.

Earnings per share for the fiscal year are expected to decrease by -41.44%, and 40.83% over the next financial year. EPS should shrink at an annualized rate of -4.60% over the next five years, compared to 5.58% over the past 5-year period.

TD Cowen coverage for the Phillips 66 (PSX) stock in a research note released on June 21, 2024 offered a Buy rating with a price target of $155. Citigroup was of a view on January 24, 2024 that the stock is Buy, while TD Cowen gave the stock Outperform rating on December 04, 2023, issuing a price target of $134- $150. Wolfe Research on their part issued Outperform rating on October 31, 2023.

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