Phillips 66 (NYSE:PSX) saw a downside of -0.11% to close Monday at $82.04 after subtracting -$0.09 on the day. The 5-day average trading volume is 3,638,900 shares of the company’s common stock. It has gained $84.51 in the past week. An average of 3,548,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,169,058.
PSX’s 1-month performance is 23.59% or $15.66 on its low of $63.19 reached on 09/20/21. The company’s shares have touched a 52-week low of $43.27 and high of $94.34, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, PSX has achieved 17.30% or $12.10. However, the current price is down -13.04%% from the 52-week high price.
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On Mar 11, 215 days have gone by since the last insider trading activity for Phillips 66 (PSX). Garland Greg C. (Chairman and CEO) most recently sold 158,500 shares at $88.50 per share on Mar 11. This transaction cost the insider $14,026,750. Executive Vice President, Mandell Brian, sold 1 shares at a price of $87.35 on Mar 08.
Phillips 66 (PSX) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 131.96 and a low of 5.885. PSX stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.43 while the price-to-book (PB) in the most recent quarter is 1.99.
Phillips 66 pays an annual dividend of $3.60 per share. Its dividend yield is 4.39%. PSX paid $0.92 a share compared with prior rate of $0.88, up 4.35% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.04 reported on Friday October 8 2021. Measured over the last 3 years, the Dividend has been growing by 31.87% yearly.
It is projected that Phillips 66’s next ex-dividend date will be on 16-Nov-2021. PSX is expected to distribute $0.92 as its next dividend.
Phillips 66’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10 meaning that PSX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.71, while the total debt to equity was 0.85. In terms of profitability, the gross margin trailing 12 months is 7.40%. The trailing 12-month EBITDA margin is -0.65% while for the period ending June 29; Phillips 66’s operating margin was -4.60%. The firm’s gross profit as reported stood at -$5.64 billion against revenue of $64.13 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PSX to announce $0.6 per share in earnings in its latest quarter, but it posted $0.74, representing a 23.30% surprise. EBITDA for the quarter stood at more than $110.0 million. PSX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 36.38 billion, with total debt at $16.59 billion. Shareholders hold equity totaling $437.99 million
Let’s look briefly at Phillips 66 (PSX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 85.32% to suggest the stock is trending Overbought, with historical volatility in this time period at 25.15%.
The stock’s 5-day moving average is $79.84, reflecting a +8.36% or $6.33 change from its current price. PSX is currently trading +21.97% above its 20-day SMA, -4.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.73% and +18.28% respectively.
Stochastic %K and %D was 93.43% and 94.75% and the average true range (ATR) pointed at 2.44. The RSI (14) points at 76.50%, while the 14-day stochastic is at 87.05% with the period’s ATR at 2.36. The stock’s 9-day MACD Oscillator is pointing at 4.77 and 7.36 on the 14-day charts.
In the most recent analyst report for Phillips 66 (NYSE: PSX), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PSX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PSX as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 12 have offered a “buy” rating.
What is PSX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $107.00, with their median price target at $88.00. Looking at these predictions, the average price target given by analysts is for Phillips 66 (PSX) stock is $88.94.