A share price of Phillips 66 [PSX] is currently trading at $138.62, down -0.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PSX shares have gain 5.78% over the last week, with a monthly amount glided 7.55%, and 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 September 11, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $150 from $162. Previously, TD Cowen reaffirmed its Buy rating on July 31, 2024, and elevated its price target to $162. TD Cowen reiterated its Buy rating and decreased its price target to $155 on June 21, 2024. Citigroup initiated its recommendation with a Buy. TD Cowen reiterated a Outperform rating for this stock on December 04, 2023, and upped its price target to $150. In a note dated October 31, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $146.
Phillips 66 experienced fluctuations in its stock price throughout the past year between $107.85 and $174.08. Currently, Wall Street analysts expect the stock to reach $124.5 within the next 12 months. Phillips 66 [NYSE: PSX] shares were valued at $138.62 at the most recent close of the market. An investor can expect a potential drop of -10.19% based on the average PSX price forecast.
Analyzing the PSX fundamentals
Trailing Twelve Months sales for Phillips 66 [NYSE:PSX] were 152.15B which represents 9.23% growth. 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. 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 137.27 points at the first support level, and at 135.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.28, and for the 2nd resistance point, it is at 141.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Phillips 66 [NYSE:PSX] is 1.14. In addition, the Quick Ratio stands at 0.79 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 11.90.
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.
