Phillips 66 [PSX] stock is trading at $140.31, up 2.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The PSX shares have gain 3.65% over the last week, with a monthly amount drifted -0.45%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Phillips 66 [NYSE: PSX] stock has seen the most recent analyst activity on July 31, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $162 from $155. On June 21, 2024, TD Cowen reiterated its Buy rating and revised its price target to $155 on the stock. Citigroup started tracking the stock assigning a Buy rating. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $150 on December 04, 2023. Wolfe Research upgraded its rating to Outperform for this stock on October 31, 2023, but kept the price target unchanged to $146. In a note dated October 30, 2023, Tudor Pickering Holt & Co. upgraded an Buy rating on this stock and boosted its target price from $115 to $130.
Phillips 66 [PSX] stock has fluctuated between $107.85 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 $140.31 at the most recent close of the market. An investor can expect a potential drop of -11.27% based on the average PSX price forecast.
Analyzing the PSX fundamentals
Phillips 66 [NYSE:PSX] reported sales of 152.15B for the trailing twelve months, which represents a growth of 9.23%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 137.02 points at the first support level, and at 133.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.23, and for the 2nd resistance point, it is at 144.14.
Ratios To Look Out For
For context, Phillips 66’s Current Ratio is 1.14. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 12.05.
Transactions by insiders
Recent insider trading involved Mitchell Kevin J, Exec. VP and CFO, that happened on Aug 15 ’24 when 30000.0 shares were sold. Officer, Mitchell Kevin J completed a deal on Aug 15 ’24 to buy 30000.0 shares. Meanwhile, Executive Vice President Roberts Timothy D. sold 37742.0 shares on May 16 ’24.
