Phillips 66 (PSX) saw downtrend of -4.36% in the recent trading with $123.27 being its most recent. The current price level -29.19% lower than the highest price of $174.08 marked by the stock while trading over the past 52-weeks, whereas it is 12.21% higher than the lowest price of $109.86 the company dropped to over past 52-weeks. The latest news story on PSX appeared in (Bloomberg) under the title “Phillips 66 Expects to Surpass Its $3 Billion Asset-Sale Target”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -12.32% below one month high and is +0.33% above of the lowest during that time. Looking into the simple moving average, Phillips 66 (PSX)’s stock stands at a SMA-50 of $131.88 while that of 5-day is reading $127.59.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PSX’s SMA-200 as of now is $141.73.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.81 for the stock.
Phillips 66 Earnings – What Happened With PSX
Coming around sales and income figures on PSX Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
PSX – Phillips 66 Stock Earnings Estimates
The perspective of Phillips 66 (NYSE:PSX)’s current quarter earnings identifies that analysts are in consensus over the estimate of 4.76 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 4.63.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 430.46 million. PSX does have institutional investors; and they hold 75.64% of the stock.
Phillips 66 – Insider Activity and Holdings
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Phillips 66 (NYSE:PSX) with an ownership of 40.98 million shares of the company or 9.5529 of the stake worth $5.78 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 7.1899 of the outstanding shares. Its stake is worth $4.35 billion for having 30.84 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 6.6851 of the outstanding shares. With this there are now 2159.0 institutions which have possession in PSX’s shares.
Currently, the stock has been recommended as Strong Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.81 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Phillips 66 has a debt to equity ratio of 0.68.
Technical Analysis of Phillips 66 (NYSE:PSX) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Phillips 66 (PSX), we notice that the stock’s 20-day average volume is at 2,068,265 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 2,774,660 shares. And to end, PSX’s 100-day average volume is 2,566,369 shares with 100% of the long-term indicators pointing towards Sell for the stock.
