Phillips 66 [PSX] fell -30.65% so far this year. What now?

Phillips 66 [NYSE: PSX] traded at a high on 06/12/20, posting a 3.01 gain after which it closed the day’ session at $77.26. The results of the trading session contributed to over 2973114 shares changing hands. Over the past one week, the price volatility of Phillips 66 stands at 4.29% while the volatility over the past one month is 3.62%.

The market cap for PSX stock reached $32.75 billion, with 441.35 million shares outstanding and 435.16 million shares in the current float. Compared to the average trading volume of 4.51M shares, PSX reached a trading volume of 2973114 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Phillips 66 [PSX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSX shares is $87.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on May 13, 2020. The new note on the price target was released on May 04, 2020, representing the official price target for Phillips 66 stock. On March 30, 2020, analysts decreased their price target for PSX shares from 73 to 67.

The Average True Range (ATR) for Phillips 66 is set at 3.88, with the Price to Sales ratio for PSX stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 2.88. Price to Free Cash Flow for PSX in the course of the last twelve months was 162.13 with Quick ratio for the last quarter at 0.60.

How has PSX stock performed recently?

Phillips 66 [PSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.60. With this latest performance, PSX shares gained by 8.77% in over the last four-week period, additionally sinking by -31.15% over the last 6 months – not to mention a drop of -9.36% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSX stock in for the last two-week period is set at 50.27, with the RSI for the last a single of trading hit 44.06, and the three-weeks RSI is set at 51.42 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 70.73, while it was recorded at 82.40 for the last single week of trading, and 90.83 for the last 200 days.

Phillips 66 [PSX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Phillips 66 [PSX] shares currently have an operating margin of +3.00 and a Gross Margin at +4.95. Phillips 66’s Net Margin is presently recorded at +2.86.

Return on Total Capital for PSX is now 8.22, given the latest momentum, and Return on Invested Capital for the company is 8.45. Return on Equity for this stock inclined to 12.39, with Return on Assets sitting at 5.43. When it comes to the capital structure of this company, Phillips 66 [PSX] has a Total Debt to Total Equity ratio set at 52.28. Additionally, PSX Total Debt to Total Capital is recorded at 34.33, with Total Debt to Total Assets ending up at 22.18. Long-Term Debt to Equity for the company is recorded at 48.26, with the Long-Term Debt to Total Capital now at 31.69.

Reflecting on the efficiency of the workforce at the company, Phillips 66 [PSX] managed to generate an average of $211,724 per employee. Receivables Turnover for the company is 14.64 with a Total Asset Turnover recorded at a value of 1.90.Phillips 66’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.10.

Earnings analysis for Phillips 66 [PSX]

With the latest financial reports released by the company, Phillips 66 posted 3.02/share EPS, while the average EPS was predicted by analysts to be reported at 2.74/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Phillips 66 go to -6.00%.

Insider trade positions for Phillips 66 [PSX]

There are presently around $23,092 million, or 70.10% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 39,167,902, which is approximately 2.208% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 31,599,517 shares of the stock with an approximate value of $2.44 billion in PSX stocks shares; and STATE STREET CORP, currently with $1.88 billion in PSX stock with ownership of nearly 7.728% of the company’s market capitalization.

Positions in Phillips 66 stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 508 institutional holders increased their position in Phillips 66 [NYSE:PSX] by around 20,380,422 shares. Additionally, 969 investors decreased positions by around 31,335,548 shares, while 135 investors held positions by with 247,167,633 shares. The mentioned changes placed institutional holdings at 298,883,603 shares, according to the latest SEC report filing. PSX stock had 85 new institutional investments in for a total of 2,985,550 shares, while 375 institutional investors sold positions of 6,739,593 shares during the same period.

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