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Is Phillips 66 (PSX) a good stock to buy now?

Phillips 66 (NYSE: PSX) is -0.25% lower on its value in year-to-date trading and has touched a low of $98.65 and a high of $174.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSX stock was last observed hovering at around $135.95 in the last trading session, with the day’s loss setting it -3.14%.

Currently trading at $132.81, the stock is -4.09% and -6.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing -2.31% at the moment leaves the stock -2.72% off its SMA200. PSX registered 33.56% gain for a year compared to 6-month gain of -1.80%.

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The stock witnessed a -4.02% loss in the last 1 month and extending the period to 3 months gives it a -21.20%, and is -5.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 2.11% over the month.

Phillips 66 (PSX) has around 14000 employees, a market worth around $56.30B and $148.93B in sales. Current P/E ratio is 10.23 and Fwd P/E is 9.81. Profit margin for the company is 3.89%. Distance from 52-week low is 34.63% and -23.71% from its 52-week high. The company has generated returns on investments over the last 12 months (12.18%).

The EPS is expected to shrink by -34.03% this year.

Phillips 66 (PSX) Top Institutional Holders

The shares outstanding are 430.46M, and float is at 422.86M with Short Float at 2.09%.

Phillips 66 (PSX) Insider Activity

The most recent transaction is an insider sale by Roberts Timothy D.,the company’sExecutive Vice President. SEC filings show that Roberts Timothy D. sold 37,742 shares of the company’s common stock on May 16 ’24 at a price of $145.80 per share for a total of $5.5 million. Following the sale, the insider now owns 48365.0 shares.

Phillips 66 disclosed in a document filed with the SEC on Mar 20 ’24 that Pruitt Joseph Scott (Vice President and Controller) sold a total of 7,200 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $157.26 per share for $1.13 million. Following the transaction, the insider now directly holds 6583.0 shares of the PSX stock.

Still, SEC filings show that on Mar 18 ’24, Pruitt Joseph Scott (Vice President and Controller) disposed off 5,922 shares at an average price of $157.40 for $0.93 million. The insider now directly holds 6,583 shares of Phillips 66 (PSX).

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