Phillips 66 (NYSE: PSX) has experienced a decline in its stock price by -0.26 compared to its previous closing price of 137.29. However, the company has seen a fall of -0.98% in its stock price over the last five trading days. zacks.com reported 2024-06-17 that Phillips 66’s (PSX) sale of its equity interest in the Rockies Express Pipeline is part of its commitment to deliver a value of more than $3 billion from asset divestitures.
Is It Worth Investing in Phillips 66 (NYSE: PSX) Right Now?
The price-to-earnings ratio for Phillips 66 (NYSE: PSX) is above average at 10.54x, Company’s 36-month beta value is 1.32.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for PSX is 422.85M, and currently, short sellers hold a 2.01% ratio of that floaft. The average trading volume of PSX on June 18, 2024 was 2.29M shares.
PSX’s Market Performance
PSX’s stock has seen a -0.98% decrease for the week, with a -6.90% drop in the past month and a -12.77% fall in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 2.09% for Phillips 66 The simple moving average for the past 20 days is -1.90% for PSX’s stock, with a 1.21% simple moving average for the past 200 days.
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 -7.06% 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 -21.34% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.83% lower at present.
During the last 5 trading sessions, PSX fell by -1.07%, which changed the moving average for the period of 200-days by +19.84% in comparison to the 20-day moving average, which settled at $139.20. In addition, Phillips 66 saw 2.85% 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 Roberts Timothy D., who sale 37,742 shares at the price of $145.80 back on May 16 ’24. After this action, Roberts Timothy D. now owns 48,365 shares of Phillips 66, valued at $5,502,784 using the latest closing price.
Pruitt Joseph Scott, the Vice President and Controller of Phillips 66, sale 7,200 shares at $157.26 during a trade that took place back on Mar 20 ’24, which means that Pruitt Joseph Scott is holding 6,583 shares at $1,132,290 based on the most recent closing price.
Stock Fundamentals for PSX
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.09 for the gross margin
The net margin for Phillips 66 stands at 0.04. The total capital return value is set at 0.14. Equity return is now at value 19.31, with 7.54 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 0.28. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 8.41.
Currently, EBITDA for the company is 9.93 billion with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 12.9for 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 1.17.
Conclusion
In a nutshell, Phillips 66 (PSX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
