Phillips 66 [PSX] fell -39.71% so far this year. What now?

Phillips 66 [NYSE: PSX] loss -0.18% on the last trading session, reaching $67.17 price per share at the time. The company report on December 17, 2020 that Phillips 66 to Announce Fourth-Quarter Financial Results.

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Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EST on Friday, Jan. 29, to discuss the company’s fourth-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.

To access the webcast, go to the Phillips 66 Investors site, http://www.phillips66.com/investors, and click on “Events and Presentations.” A replay of the webcast will be archived on the Investors site approximately two hours after the live call, and a transcript will be available at a later date.

Phillips 66 represents 438.92 million in outstanding shares, while the company has a total market value of $29.91 billion with the latest information. PSX stock price has been found in the range of $66.40 to $67.87.

If compared to the average trading volume of 3.78M shares, PSX reached a trading volume of 3149164 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $71.22 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 1.70. 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.

Cowen have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 15, 2020. The new note on the price target was released on November 05, 2020, representing the official price target for Phillips 66 stock. Previously, the target price had yet another drop from $69 to $62, while Cowen kept a Outperform rating on PSX stock.

The Average True Range (ATR) for Phillips 66 is set at 3.10, with the Price to Sales ratio for PSX stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 3.28.

Trading performance analysis for PSX stock

Phillips 66 [PSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.21. With this latest performance, PSX shares gained by 4.40% in over the last four-week period, additionally sinking by -10.08% over the last 6 months – not to mention a drop of -40.58% 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 57.03, with the RSI for the last a single of trading hit 54.31, and the three-weeks RSI is set at 57.44 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 57.66, while it was recorded at 67.88 for the last single week of trading, and 62.21 for the last 200 days.

Phillips 66 [PSX]: A deeper dive into fundamental analysis

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 0.80 and a Current Ratio set at 1.20.

Phillips 66 [PSX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Phillips 66 posted 1.54/share EPS, while the average EPS was predicted by analysts to be reported at 1.56/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.30%. 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.

An analysis of insider ownership at Phillips 66 [PSX]

There are presently around $19,815 million, or 68.80% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 44,438,502, which is approximately 16.765% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 30,418,422 shares of the stock with an approximate value of $2.04 billion in PSX stocks shares; and STATE STREET CORP, currently with $1.71 billion in PSX stock with ownership of nearly 0.039% of the company’s market capitalization.

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Positions in Phillips 66 stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 428 institutional holders increased their position in Phillips 66 [NYSE:PSX] by around 23,976,326 shares. Additionally, 746 investors decreased positions by around 22,108,359 shares, while 167 investors held positions by with 248,913,550 shares. The mentioned changes placed institutional holdings at 294,998,235 shares, according to the latest SEC report filing. PSX stock had 77 new institutional investments in for a total of 2,929,522 shares, while 206 institutional investors sold positions of 3,033,128 shares during the same period.

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