Phillips 66 (NYSE:PSX) saw a downside of -0.70% to close Tuesday at $119.42 after subtracting -$0.84 on the day. The 5-day average trading volume is 2,500,140 shares of the company’s common stock. It has gained $123.84 in the past week and touched a new high 2 times within the past 5 days. An average of 3,086,675 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,064,158.
PSX’s 1-month performance is 4.86% or $5.53 on its low of $112.03 reached on 08/29/23. The company’s shares have touched a 52-week low of $74.02 and high of $125.19, with the stock’s rally to the 52-week high happening on 09/13/23. YTD, PSX has achieved 14.74% or $15.34 and has reached a new high 21 times. However, the current price is down -4.61% from the 52-week high price.
Insider Transactions
PSX stock investors last saw insider trading activity on Sep 12.Roberts Timothy D. (Executive Vice President) most recently sold 12,970 shares at $124.41 per share on Sep 12. This transaction cost the insider $1,613,598. Exec. VP and CFO, Mitchell Kevin J, sold 30,800 shares at a price of $120.97 on Sep 08. Then, on Sep 01, Vice President and Controller Pruitt Joseph Scott sold 7,000 shares at a price of $117.02 per share. This transaction amounted to $819,140.
Valuation Metrics
PSX stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 1.78, with the price to cash flow ratio at 6.93.
Phillips 66’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.33. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.64, while the total debt to equity was 0.66.. In terms of profitability, the gross margin trailing 12 months is 7.70%. The trailing 12-month EBITDA margin is 6.89% while for the period ending June 29, Phillips 66’s operating margin was 5.77%. The firm’s gross profit as reported stood at $12.28 billion against revenue of $169.99 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -86.62% to $1.7 billion, while revenue of $1.96 billion was -15.56% off the previous quarter. Analysts expected PSX to announce $3.56 per share in earnings in its latest quarter, but it posted $3.87, representing a 8.70% surprise. EBITDA for the quarter stood at more than $2.45 billion. PSX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 43.83 billion, with total debt at $19.87 billion. Shareholders hold equity totaling $445.29 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 26 September was 50.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.52%.
The stock’s 5-day moving average is $119.65, reflecting a -0.67% or -$0.80 change from its current price. PSX is currently trading +5.56% above its 20-day SMA, +24.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.58% and SMA200 by+15.93%.
Stochastic %K and %D was 37.00% and 42.05% and the average true range (ATR) pointed at 2.69. The RSI (14) points at 55.25%, while the 14-day stochastic is at 31.47% with the period’s ATR at 2.65. The stock’s 9-day MACD Oscillator is pointing at -1.13 and -1.70 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Phillips 66 (NYSE: PSX), BofA Securities downgraded it to a Neutral rating. They previously had a Buy 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 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 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 $115.00 and a high of $144.00, with their median price target at $131.00. Looking at these predictions, the average price target given by analysts is for Phillips 66 (PSX) stock is $130.99.
