The stock of Phillips 66 (PSX) has gone up by 0.61% for the week, with a -0.38% drop in the past month and a 21.15% rise in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are 2.52% for PSX. The simple moving average for the last 20 days is -2.26% for PSX’s stock, with a simple moving average of 23.52% for the last 200 days.
Is It Worth Investing in Phillips 66 (NYSE: PSX) Right Now?
Phillips 66 (NYSE: PSX) has a higher price-to-earnings ratio of 10.28x compared to its average ratio. PSX has 36-month beta value of 1.37. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for PSX is 426.90M, and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of PSX on April 24, 2024 was 3.01M shares.
PSX) stock’s latest price update
The stock price of Phillips 66 (NYSE: PSX) has jumped by 1.14 compared to previous close of 157.05. Despite this, the company has seen a gain of 0.61% in its stock price over the last five trading days. Proactive Investors reported 2024-04-23 that Major oil producers Chevron Corporation (NYSE:CVX, ETR:CHV), Exxon Mobil Corp (NYSE:XOM, ETR:XONA) and Phillips 66 (NYSE:PSX) will hand down their financial reports for the first quarter on Friday, April 26 before the stock market opens in New York. Investor sentiment around energy stocks is positive heading into the reports, with geopolitical tensions in the Middle East driving the oil price above $80 per barrel.
Analysts’ Opinion of PSX
TD Cowen, on the other hand, stated in their research note that they expect to see PSX reach a price target of $150, previously predicting the price at $134. The rating they have provided for PSX stocks is “Outperform” according to the report published on December 04th, 2023.
Wolfe Research gave a rating of “Outperform” to PSX, setting the target price at $146 in the report published on October 31st of the previous year.
PSX Trading at 2.94% 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 -8.75% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +1.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.05% upper at present.
During the last 5 trading sessions, PSX rose by +0.61%, which changed the moving average for the period of 200-days by +59.73% in comparison to the 20-day moving average, which settled at $162.64. In addition, Phillips 66 saw 19.30% 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 7,200 shares at the price of $157.26 back on Mar 20 ’24. After this action, Pruitt Joseph Scott now owns 6,583 shares of Phillips 66, valued at $1,132,290 using the latest closing price.
Pruitt Joseph Scott, the Vice President and Controller of Phillips 66, sale 5,922 shares at $157.40 during a trade that took place back on Mar 18 ’24, which means that Pruitt Joseph Scott is holding 6,583 shares at $932,103 based on the most recent closing price.
Stock Fundamentals for PSX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for Phillips 66 stands at 0.05. The total capital return value is set at 0.16. Equity return is now at value 23.32, with 9.22 for asset returns.
Based on Phillips 66 (PSX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 10.56.
Currently, EBITDA for the company is 9.93 billion with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 12.57for trailing twelve months and the total asset turnover is 1.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To put it simply, Phillips 66 (PSX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
