Phillips 66 (NYSE:PSX) finished Friday with a subtraction of -$3.23 to close at $120.15, a downside of -2.62 percent. An average of 2,755,940 shares of common stock have been traded in the last five days. There was a gain of $1.57 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 3,176,530 shares traded, while the 50-day average volume stands at 3,083,956.
PSX stock has increased by 5.72% in the last month. The company shares reached their 1-month lowest point of $112.07 on 08/31/23. With the stock rallying to its 52-week high on 09/13/23, shares of the company touched a low of $79.34 and a high of $125.19 in 52 weeks. It has reached a new high 21 times so far this year and achieved 15.44% or $16.07 in price. In spite of this, the price is down -4.03% from the 52-week high.
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Insider Transactions
PSX stock investors should be aware that Phillips 66 (PSX) stock had its last reported insider trading activity 18 days ago on Sep 12. In this transaction, the insider spent $1,613,598. Exec. VP and CFO, Mitchell Kevin J, disposed of 30,800 shares at a price of $120.97 on Sep 08. The insider now owns more than $3,725,968 worth of shares. Prior to that, Vice President and Controller Pruitt Joseph Scott went on to Sale 7,000 shares at $117.02 each on Sep 01. An amount of $819,140 was transacted.
Valuation Metrics
Phillips 66 (PSX) has a trailing price-to-earnings (P/E) ratio of 5.21. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.35, the price-to-book (PB) ratio at 1.79, and the price-to-cash flow ratio at 6.97.
The company has a payout ratio of 16.46%. The company’s most recent quarterly dividend payment was $1.05 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday February 8 2023.
Financial Health
The quick ratio of Phillips 66 for the three months ended June 29 was 0.90, and the current ratio was 1.33, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.66 for the quarter ending June 29. Its gross profit as reported stood at $12.28 billion compared to revenue of $169.99 billion.
Earnings Surprise
For the three-month period that ended June 29, Phillips 66 had $19.03 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.7 billion in the quarter, while revenues of $1.96 billion were shrunk -86.62%. The analyst consensus anticipated Phillips 66’s latest quarter earnings to come in at $3.56 per share, but it turned out to be $3.87, a 8.70% surprise. For the quarter, EBITDA amounted to $2.45 billion. Shareholders own equity worth $445.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Phillips 66 (PSX) price momentum. RSI 9-day as of the close on 29 September was 50.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.36%.
As of today, PSX’s price is $120.80 +1.32% or $1.57 from its 5-day moving average. PSX is currently trading +5.25% higher than its 20-day SMA and +27.87% higher than its 100-day SMA. However, the stock’s current price level is +15.47% above the SMA50 and +17.71% above the SMA200.
The stochastic %K and %D were 44.33% and 43.01%, respectively, and the average true range (ATR) was 2.82. With the 14-day stochastic at 25.11% and the average true range at 2.74, the RSI (14) stands at 54.33%. The stock has reached 1.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.25.
Analyst Ratings
BofA Securities downgraded Phillips 66 (NYSE: PSX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Phillips 66 (PSX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PSX, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is PSX’s price target for the next 12 months?
Analysts predict a range of price targets between $115.00 and $144.00, with a median target of $133.00. Taking a look at these predictions, the average price target given by analysts for Phillips 66 (PSX) stock is $131.92.
