Phillips 66 [PSX] stock is trading at $137.07, down -2.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PSX shares have lost -1.94% over the last week, with a monthly amount drifted -0.74%, and not 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 Buy rating on June 21, 2024, and dropped its price target to $155. On January 24, 2024, Citigroup initiated with a Buy rating. TD Cowen reiterated its Outperform rating and increased its price target to $150 on December 04, 2023. Wolfe Research upgraded its rating to a Outperform but $146 remained the price target by the analyst firm on October 31, 2023. Tudor Pickering Holt & Co. upgraded its rating to Buy for this stock on October 30, 2023, and upped its price target to $130. In a note dated August 15, 2023, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $132 to $141.
Phillips 66 [PSX] stock has fluctuated between $105.56 and $174.08 over the past year. Currently, Wall Street analysts expect the stock to reach $124.5 within the next 12 months. Phillips 66 [NYSE: PSX] shares were valued at $137.07 at the most recent close of the market. An investor can expect a potential drop of -9.17% based on the average PSX price forecast.
Analyzing the PSX fundamentals
Phillips 66 [NYSE:PSX] reported sales of 148.93B for the trailing twelve months, which represents a growth of 4.85%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.19 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 135.77 points at the first support level, and at 134.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 139.14, and for the 2nd resistance point, it is at 141.20.
Ratios To Look Out For
For context, Phillips 66’s Current Ratio is 1.17. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 10.55.
Transactions by insiders
Recent insider trading involved Roberts Timothy D., Executive Vice President, that happened on May 16 ’24 when 37742.0 shares were sold. Vice President and Controller, Pruitt Joseph Scott completed a deal on Mar 20 ’24 to sell 7200.0 shares. Meanwhile, Vice President and Controller Pruitt Joseph Scott sold 5922.0 shares on Mar 18 ’24.
