Phillips 66 [PSX] stock prices are down -0.12% to $129.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PSX shares have gain 2.43% over the last week, with a monthly amount drifted -1.93%, 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 September 11, 2024, and dropped its price target to $150. On July 31, 2024, TD Cowen reiterated its Buy rating and revised its price target to $162 on the stock. TD Cowen reiterated its recommendation of a Buy and reduced its price target to $155 on June 21, 2024. In a note dated December 04, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $134 to $150.
The stock price of Phillips 66 [PSX] has been fluctuating between $111.90 and $174.08 over the past year. Currently, Wall Street analysts expect the stock to reach $127.3 within the next 12 months. Phillips 66 [NYSE: PSX] shares were valued at $129.76 at the most recent close of the market. An investor can expect a potential drop of -1.9% based on the average PSX price forecast.
Analyzing the PSX fundamentals
The Phillips 66 [NYSE:PSX] reported sales of 147.46B for trailing twelve months, representing a drop of -11.73%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 128.43 points at the first support level, and at 127.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.92, and for the 2nd resistance point, it is at 132.08.
Ratios To Look Out For
It’s worth pointing out that Phillips 66 [NYSE:PSX]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 1.87 and price to earnings (TTM) ratio is 16.69.
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.
