The stock of Phillips 66 (NYSE:PSX) decreased by -$0.44 on Tuesday to finish at $112.69, down -0.39 percent. The last five days have seen an average of 1,927,700 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $8.61. The average number of shares traded over the last 20 days was 3,103,400, while the average volume over the last 50 days totaled 3,091,874.
PSX stock appreciated 1.02% since last month. On 08/03/23, the company’s shares reached a one-month low of $107.41. 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 8.27% or $8.61 this year, reaching a new high 14 times. Still, the stock price is down -3.92% 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 19 days ago on Aug 11. On Aug 11, Executive Vice President Roberts Timothy D. sold 127,578 shares at $116.68 each. This transaction resulted in the insider making $14,885,801. On Aug 09, Mitchell Kevin J sold 9,900 shares at a price of US$115.00. After the transaction, the insider now owns 103,803 shares. Executive Chairman Garland Greg C. had earlier sold 169,400 shares on Aug 07 for $111.44 a share. The transaction was completed for $18,877,343.
Valuation Metrics
Phillips 66 (PSX) has a trailing price-to-earnings (P/E) ratio of 4.89. Beta for the stock is 1.36. 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 6.46.
Company paid $1.05 per share in dividends, remained unchanged from $1.05 last year. A $0.08 dividend increase was reported on Wednesday February 8 2023.
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 29 August, the RSI 9-day stood at 51.72%, suggesting the stock is Neutral, with a 10.40% historical volatility rate.
The stochastic %K and %D were 45.43% and 46.45% respectively, while the average true range (ATR) was 2.32. Based on the 14-day stochastic reading of 35.48%, the RSI (14) reading is 57.16%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at -0.42.
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. Analysts have assigned Phillips 66 (PSX) an Overweight rating. PSX is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is PSX’s price target for the next 12 months?
The current consensus forecast for the stock is between $115.00 and $141.00, with a median target price of $125.00. In analyzing these forecasts, the average price target given by analysts for Phillips 66 (PSX) is $126.52.
