A share price of Phillips 66 [PSX] is currently trading at $159.03, up 3.01%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PSX shares have gain 6.49% over the last week, with a monthly amount glided 9.52%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Phillips 66 to Announce First-Quarter Financial Results. In a post published today on Yahoo Finance, Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, April 26, 2024, to discuss the company’s first-quarter 2024 financial results, which will be released earlier that day.
From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Outperform rating on December 04, 2023, and elevated its price target to $150. On October 31, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $146 on the stock. Tudor Pickering Holt & Co. upgraded its rating to a Buy and increased its price target to $130 on October 30, 2023. BofA Securities downgraded its rating to a Neutral and raised its price target to $141 on August 15, 2023. TD Cowen upgraded its rating to Outperform for this stock on June 01, 2023, and upped its price target to $123. In a note dated May 05, 2023, TD Cowen reiterated an Market Perform rating on this stock and revised its target price from $117 to $110.
Phillips 66 experienced fluctuations in its stock price throughout the past year between $89.74 and $156.85. Currently, Wall Street analysts expect the stock to reach $111.11 within the next 12 months. Phillips 66 [NYSE: PSX] shares were valued at $159.03 at the most recent close of the market. An investor can expect a potential drop of -30.13% based on the average PSX price forecast.
Analyzing the PSX fundamentals
Trailing Twelve Months sales for Phillips 66 [NYSE:PSX] were 147.26B which represents -5.54% decline. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.23 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 155.59 points at the first support level, and at 152.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 161.11, and for the 2nd resistance point, it is at 163.18.
Phillips 66 [PSX] reported earnings per share of $3.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.34/share, meaning a difference of $0.75 and a surprise factor of 32.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.63 per share as compared to estimates of $4.76 per share, a difference of -$0.13 representing a surprise of -2.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Phillips 66 [NYSE:PSX] is 1.26. As well, the Quick Ratio is 1.02, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 2.24 and price to earnings (TTM) ratio is 10.29.
Transactions by insiders
Recent insider trading involved Pease Robert W, Director, that happened on Feb 15 ’24 when 682.0 shares were purchased. EVP, Refining, Harbison Richard G completed a deal on Feb 12 ’24 to sell 21934.0 shares. Meanwhile, Executive Vice President Golodryga Zhanna sold 5253.0 shares on Jan 03 ’24.
