Phillips 66 [PSX] stock is trading at $169.49, up 3.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The PSX shares have gain 8.33% over the last week, with a monthly amount glided 17.54%, and seem to be holding up well over a long-time horizon.
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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 [PSX] stock has fluctuated between $89.74 and $163.85 over the past year. Currently, Wall Street analysts expect the stock to reach $111.11 within the next 12 months. Phillips 66 [NYSE: PSX] shares were valued at $169.49 at the most recent close of the market. An investor can expect a potential drop of -34.44% based on the average PSX price forecast.
Analyzing the PSX fundamentals
Phillips 66 [NYSE:PSX] reported sales of 147.26B for the trailing twelve months, which represents a drop of -5.54%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
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 165.81 points at the first support level, and at 162.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.43, and for the 2nd resistance point, it is at 173.38.
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
For context, Phillips 66’s Current Ratio is 1.26. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 10.97.
Transactions by insiders
Recent insider trading involved Pruitt Joseph Scott, Vice President and Controller, that happened on Mar 20 ’24 when 7200.0 shares were sold. Vice President and Controller, Pruitt Joseph Scott completed a deal on Mar 18 ’24 to sell 5922.0 shares. Meanwhile, Director Pease Robert W bought 682.0 shares on Feb 15 ’24.
