The stock of Phillips 66 (NYSE:PSX) decreased by -$1.85 on Tuesday to $112.82, down -1.62 percent. The last five days have seen an average of 2,770,097 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $9.12. The average number of shares traded over the last 20 days was 2,986,019, while the average volume over the last 50 days totaled 3,098,672.
PSX stock appreciated 13.91% since last month. On 07/18/23, the company’s shares reached a one-month low of $98.89. The stock touched a high of $117.29 on 08/11/23, after rallying from a low of $74.02 in 52 weeks. The price of PSX stock has risen by 8.39% or $9.12 this year, reaching a new high 14 times. Still, the stock price is down -3.82% from the 52-week high.
Insider Transactions
PSX stock investors should be aware that Phillips 66 (PSX) stock had its last reported insider trading activity 6 days ago on Aug 09. On Aug 09, Exec. VP and CFO Mitchell Kevin J sold 9,900 shares at $115.00 each. This transaction resulted in the insider making $1,138,500. On Aug 07, Garland Greg C. sold 169,400 shares at a price of US$111.44. After the transaction, the insider now owns 662,366 shares. Executive Vice President Mandell Brian had earlier sold 3,000 shares on Aug 07 for $111.84 a share. The transaction was completed for $335,535.
Valuation Metrics
Phillips 66 (PSX) has a trailing price-to-earnings (P/E) ratio of 4.90. Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.32, the price-to-book (PB) ratio of 1.71, and the price-to-cash flow ratio of 6.44.
Company paid $1.05 per share in dividends, remained unchanged from $1.05 last year.
Financial Health
For the three months ended June 29, Phillips 66’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.66. As far as profitability goes, gross margin for the trailing twelve months is 13.60% percent. Phillips 66’s EBITDA margin for the year ended June 29 was 6.89%, whereas its operating margin stood at 6.20% for the same period. Based on annual data, it had gross profit of $12.28 billion and revenue of $169.99 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PSX’s return on assets (ROA) during the last 12 months has been 14.30%. There was a 19.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 37.10%.
Earnings Surprise
According to Phillips 66’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $35.09 billion, while revenues fell by -38.44% to $34.4 billion. It was predicted that Phillips 66’s quarterly earnings would be $3.87, but it ended up being $3.56, beating the consensus by 8.70%. EBITDA was $2.45 billion for the quarter. At the end of Phillips 66’s most recent quarter ended June 29, its liabilities totaled 43.83 billion, while its total debt was $19.87 billion. Equity owned by shareholders amounts to $445.29 million.
Technical Picture
Here’s a quick look at Phillips 66’s (PSX) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 60.17%, suggesting the stock is Neutral, with a 17.94% historical volatility rate.
The stochastic %K and %D were 76.00% and 83.51% respectively, while the average true range (ATR) was 2.65. Based on the 14-day stochastic reading of 58.60%, the RSI (14) reading is 63.61%. On the 9-day MACD Oscillator, the stock is at 1.66, and the 14-day reading is at 2.66.
Analyst Ratings
Phillips 66 (NYSE: PSX) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.
