As of Friday close, Phillips 66’s (NYSE:PSX) stock was down -$1.36, moving down -1.13 percent to $118.58. The average number of shares traded per day over the past five days has been 2,571,680 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.45 fall in that time frame. In the last twenty days, the average volume was 3,042,400, while in the previous 50 days, it was 3,086,030.
Since last month, PSX stock rose 5.63%. Shares of the company fell to $110.16 on 08/23/23, the lowest level in the past month. A 52-week high of $125.19 was reached on 09/13/23 after having rallying from a 52-week low of $74.02. Since the beginning of this year, PSX’s stock price has risen by 13.93% or $14.50, and marked a new high 21 times. However, the stock has declined by -5.28% since its 52-week high.
PSX stock investors should be aware that Phillips 66 (PSX) stock had its last reported insider trading activity 11 days ago on Sep 12. Roberts Timothy D., the Executive Vice President of the company, disposed of 12,970 shares for $124.41 on Sep 12. It resulted in a $1,613,598 divestment by the insider. Mitchell Kevin J sold 30,800 shares at an average price of $120.97 on Sep 08. The insider now owns 103,803 shares following the transaction. On Sep 01, Vice President and Controller Pruitt Joseph Scott sold 7,000 shares at $117.02 apiece. The transaction was valued at $819,140.
Valuation Metrics
Right now, Phillips 66 (PSX) has a P/E ratio of about 5.15. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 6.99 may also be considered.
The latest dividend of $1.05 per share was paid out, remained unchanged from last year’s $1.05. On Wednesday February 8 2023, a $0.08 dividend increase was announced.
Financial Health
In the three months ended June 29, Phillips 66’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.66. On the profitability front, the trailing twelve-month gross margin is 13.60% percent. In the year ended June 29, EBITDA margin amounted to 6.89%, whereas operating margins totaled 6.20%. Based on annual data, PSX earned $12.28 billion in gross profit and brought in $169.99 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.90%. Return on equity (ROE) for the past 12 months was 37.10%.
In Phillips 66’s quarter-end financial report for June 29, it reported total debt of $19.03 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PSX’s revenue fell -38.44% to $34.4 billion during the quarter, while net income inched up to $35.09 billion. While analysts expected Phillips 66 to report $3.56 quarterly earnings, the actual figure was $3.87 per share, beating the consensus estimate by 8.70%. During the quarter, the company generated $2.45 billion in EBITDA. The liabilities of Phillips 66 were 43.83 billion at the end of its most recent quarter ended June 29, and its total debt was $19.87 billion. The value of shareholders’ equity is $445.29 million.
Technical Picture
This quick technical analysis looks at Phillips 66’s (PSX) price momentum. With a historical volatility rate of 17.17%, the RSI 9-day stood at 46.23% on 22 September.
With respect to its five-day moving average, the current Phillips 66 price is down by -2.02% percent or -$2.45. At present, PSX shares trade +5.51% above its 20-day simple moving average and +20.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.60% above its SMA50 and +13.86% above its SMA200.
Stochastic coefficient K was 46.65% and Stochastic coefficient D was 57.03%, while ATR was 2.89. Given the Stochastic reading of 31.00% for the 14-day period, the RSI (14) reading has been calculated as 53.53%. As of today, the MACD Oscillator reading stands at -1.88, while the 14-day reading stands at -1.14.
Analyst Ratings
Phillips 66 downgraded its rating on Phillips 66 (NYSE: PSX) to a Neutral in a note to investors on August 15, 2023. The analysts firm previously had a Buy rating on the stock.Phillips 66 (PSX) has been rated Overweight by analysts. According to 0 brokerage firms, PSX is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Phillips 66 stock as buy, with 9 recommending it as overweight.
With a median target price of $128.00, the current consensus forecast for the stock is $115.00 – $144.00. Based on these forecasts, analysts predict Phillips 66 (PSX) will achieve an average price target of $130.25.
