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Phillips 66 (PSX) and the Battle of Fundamentals vs. Technicals

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Phillips 66 (NYSE:PSX) went up by 2.32% from its latest closing price compared to the recent 1-year high of $94.34. The company’s stock price has collected 10.72% of gains in the last five trading sessions. Press Release reported on 01/06/22 that DCP Midstream to Participate in UBS Winter Infrastructure & Energy Virtual Conference

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PSX currently public float of 436.69M and currently shorts hold a 2.24% ratio of that float. Today, the average trading volume of PSX was 3.26M shares.

PSX’s Market Performance

PSX stocks went up by 10.72% for the week, with a monthly jump of 15.99% and a quarterly performance of 2.22%, while its annual performance rate touched 16.04%. The volatility ratio for the week stands at 2.92% while the volatility levels for the past 30 days are set at 2.79% for Phillips 66. The simple moving average for the period of the last 20 days is 14.03% for PSX stocks with a simple moving average of 8.11% for the last 200 days.

Analysts’ Opinion of PSX

Many brokerage firms have already submitted their reports for PSX stocks, with JP Morgan repeating the rating for PSX by listing it as a “Overweight.” The predicted price for PSX in the upcoming period, according to JP Morgan is $93 based on the research report published on December 09th of the previous year 2021.

Piper Sandler, on the other hand, stated in their research note that they expect to see PSX reach a price target of $87, previously predicting the price at $85. The rating they have provided for PSX stocks is “Overweight” according to the report published on October 06th, 2021.

Morgan Stanley gave a rating of “Equal-Weight” to PSX, setting the target price at $80 in the report published on September 07th of the previous year.

PSX Trading at 13.28% from the 50-Day Moving Average

After a stumble in the market that brought PSX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.11% of loss for the given period.

Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +15.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.26% upper at present.

During the last 5 trading sessions, PSX rose by +10.72%, which changed the moving average for the period of 200-days by -0.53% in comparison to the 20-day moving average, which settled at $74.11. In addition, Phillips 66 saw 15.73% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PSX starting from Pruitt Joseph Scott, who sale 2,250 shares at the price of $72.62 back on Dec 23. After this action, Pruitt Joseph Scott now owns 13,170 shares of Phillips 66, valued at $163,395 using the latest closing price.

Pruitt Joseph Scott, the Vice President and Controller of Phillips 66, sale 2,250 shares at $72.25 during a trade that took place back on Dec 21, which means that Pruitt Joseph Scott is holding 15,420 shares at $162,574 based on the most recent closing price.

Stock Fundamentals for PSX

Current profitability levels for the company are sitting at:

  • -2.87 for the present operating margin
  • +0.28 for the gross margin

The net margin for Phillips 66 stands at -6.25. The total capital return value is set at -4.64, while invested capital returns managed to touch -11.11. Equity return is now at value -2.80, with -0.90 for asset returns.

Based on Phillips 66 (PSX), the company’s capital structure generated 90.15 points at debt to equity in total, while total debt to capital is 47.41. Total debt to assets is 31.28, with long-term debt to equity ratio resting at 83.01. Finally, the long-term debt to capital ratio is 43.65.

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When we switch over and look at the enterprise to sales, we see a ratio of 0.53, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 8.47 and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.

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