Phillips 66 (NYSE: PSX) is -2.38% lower on its value in year-to-date trading and has touched a low of $107.85 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 $132.55 in the last trading session, with the day’s loss setting it -2.58%.
Currently trading at $129.97, the stock is -0.98% and -3.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.42 million and changing -1.95% at the moment leaves the stock -8.21% off its SMA200. PSX registered 8.25% gain for a year compared to 6-month loss of -18.30%.
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The stock witnessed a -2.92% gain in the last 1 month and extending the period to 3 months gives it a -5.88%, and is 2.58% up 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 2.08% over the week and 2.24% over the month.
Phillips 66 (PSX) has around 14000 employees, a market worth around $54.40B and $152.15B in sales. Current P/E ratio is 11.16 and Fwd P/E is 10.87. Profit margin for the company is 3.36%. Distance from 52-week low is 20.51% and -25.34% from its 52-week high. The company has generated returns on investments over the last 12 months (10.96%).
The EPS is expected to shrink by -47.19% this year.
Phillips 66 (PSX) Top Institutional Holders
2202.0 institutions hold shares in Phillips 66 (PSX), with institutional investors hold 76.57% of the company’s shares. The shares outstanding are 430.46M, and float is at 417.46M with Short Float at 1.71%. Institutions hold 76.26% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 40.98 million shares valued at $5.78 billion. The investor’s holdings represent 9.5529% of the PSX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 30.84 million shares valued at $4.35 billion to account for 7.1899 of the shares outstanding. The other top investors are STATE STREET CORP which holds 28.68 million shares representing 6.6851% and valued at over $4.05 billion, while WELLS FARGO & COMPANY/MN holds 3.8746 of the shares totaling 16.62 million with a market value of $2.35 billion.
Phillips 66 (PSX) Insider Activity
The most recent transaction is an insider sale by Mitchell Kevin J, the company’s Exec. VP and CFO. SEC filings show that Mitchell Kevin J sold 30,000 shares of the company’s common stock on Aug 15 ’24 at a price of $139.01 per share for a total of $4.17 million. Following the sale, the insider now owns 81937.0 shares.
Still, SEC filings show that on May 16 ’24, Roberts Timothy D. (Executive Vice President) disposed off 37,742 shares at an average price of $145.80 for $5.5 million. The insider now directly holds 48,365 shares of Phillips 66 (PSX).
