The stock price of Phillips 66 (NYSE: PSX) has plunged by -0.29 when compared to previous closing price of 131.32, but the company has seen a 2.54% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that Favorable crack spread will aid refining margins of Phillips 66, Marathon Petroleum and Exxon Mobil.
Is It Worth Investing in Phillips 66 (NYSE: PSX) Right Now?
Phillips 66 (NYSE: PSX) has a price-to-earnings ratio that is above its average at 16.84x. The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for PSX is 411.88M, and at present, short sellers hold a 1.47% of that float. On November 20, 2024, the average trading volume of PSX was 2.69M shares.
PSX’s Market Performance
PSX stock saw a decrease of 2.54% in the past week, with a monthly decline of -0.29% and a quarterly a decrease of -2.20%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.23% for Phillips 66 (PSX). The simple moving average for the last 20 days is 3.34% for PSX stock, with a simple moving average of -7.11% for the last 200 days.
Analysts’ Opinion of PSX
Many brokerage firms have already submitted their reports for PSX stocks, with BofA Securities repeating the rating for PSX by listing it as a “Buy.” The predicted price for PSX in the upcoming period, according to BofA Securities is $156 based on the research report published on October 17, 2024 of the current year 2024.
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 $162. The rating they have provided for PSX stocks is “Buy” according to the report published on September 11th, 2024.
TD Cowen gave a rating of “Buy” to PSX, setting the target price at $162 in the report published on July 31st of the current year.
PSX Trading at 0.80% 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 -24.78% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.20% upper at present.
During the last 5 trading sessions, PSX rose by +2.54%, which changed the moving average for the period of 200-days by -11.07% in comparison to the 20-day moving average, which settled at $126.71. In addition, Phillips 66 saw -1.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PSX starting from Mitchell Kevin J, who sale 30,000 shares at the price of $139.01 back on Aug 15 ’24. After this action, Mitchell Kevin J now owns 81,937 shares of Phillips 66, valued at $4,170,411 using the latest closing price.
Mitchell Kevin J, the Officer of Phillips 66, proposed sale 30,000 shares at $139.01 during a trade that took place back on Aug 15 ’24, which means that Mitchell Kevin J is holding shares at $4,170,411 based on the most recent closing price.
Stock Fundamentals for PSX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.06 for the gross margin
The net margin for Phillips 66 stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 11.28, with 4.39 for asset returns.
Based on Phillips 66 (PSX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 3.89.
Currently, EBITDA for the company is 12.37 billion with net debt to EBITDA at 2.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 14.15for trailing twelve months and the total asset turnover is 1.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To sum up, Phillips 66 (PSX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
