Phillips 66 (NYSE: PSX) is -0.83% lower on its value in year-to-date trading and has touched a low of $91.01 and a high of $150.12 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 $111.78 in the last trading session, with the day’s gains setting it 1.2%.
Currently trading at $112.98, the stock is 0.17% and 0.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.56 million and changing 1.07% at the moment leaves the stock -8.50% off its SMA200. PSX registered -21.77% loss for a year compared to 6-month loss of -13.97%. The firm has a 50-day simple moving average (SMA 50) of $112.6146 and a 200-day simple moving average (SMA200) of $123.47585.
The stock witnessed a 9.92% gain in the last 1 month and extending the period to 3 months gives it a -12.27%, and is -9.45% 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 3.80% over the week and 3.11% over the month.
Phillips 66 (PSX) has around 13200 employees, a market worth around $46.03B and $137.60B in sales. Current P/E ratio is 25.77 and Fwd P/E is 10.91. Profit margin for the company is 1.34%. Distance from 52-week low is 24.14% and -24.74% from its 52-week high. The company has generated returns on investments over the last 12 months (4.10%).
with sales reaching $32.66B over the same period.The EPS is expected to shrink by -26.29% this year, but quarterly earnings will post -12.08% year-over-year. Quarterly sales are estimated to shrink -16.07% in year-over-year returns.
2189.0 institutions hold shares in Phillips 66 (PSX), with institutional investors hold 76.74% of the company’s shares. The shares outstanding are 407.58M, and float is at 406.27M with Short Float at 3.37%. Institutions hold 76.54% 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 9.6905 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 7.2934 of the shares outstanding. The other top investors are STATE STREET CORP which holds 28.68 million shares representing 6.7814 and valued at over $4.05 billion, while WELLS FARGO & COMPANY/MN holds 3.9304 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.
