Phillips 66 [PSX] is 8.43% higher this YTD. Is it still time to buy?

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Phillips 66 [NYSE: PSX] price surged by 3.74 percent to reach at $2.83. The company report on December 16, 2021 that Phillips 66 to Announce Fourth-Quarter Financial Results.

Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EST on Friday, Jan. 28, 2022, to discuss the company’s fourth-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.


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To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, https://www.phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.

A sum of 4464080 shares traded at recent session while its average daily volume was at 3.30M shares. Phillips 66 shares reached a high of $78.75 and dropped to a low of $76.46 until finishing in the latest session at $78.57.

The one-year PSX stock forecast points to a potential upside of 16.24. The average equity rating for PSX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $93.80 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 2.20. 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.

JP Morgan have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 09, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $85 to $87. The new note on the price target was released on October 06, 2021, representing the official price target for Phillips 66 stock. Previously, the target price had yet another raise to $80, while Morgan Stanley analysts kept a Equal-Weight rating on PSX stock. On August 26, 2021, analysts decreased their price target for PSX shares from 95 to 75.

The Average True Range (ATR) for Phillips 66 is set at 2.38, with the Price to Sales ratio for PSX stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 6.61. Price to Free Cash Flow for PSX in the course of the last twelve months was 22.77 with Quick ratio for the last quarter at 0.80.

PSX Stock Performance Analysis:

Phillips 66 [PSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.28. With this latest performance, PSX shares gained by 12.24% in over the last four-week period, additionally sinking by -4.81% over the last 6 months – not to mention a rise of 9.51% 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 65.68, with the RSI for the last a single of trading hit 74.12, and the three-weeks RSI is set at 60.40 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 74.08, while it was recorded at 74.41 for the last single week of trading, and 77.58 for the last 200 days.

Insight into Phillips 66 Fundamentals:

Phillips 66’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.

PSX Stock EPS

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 -11.15%.

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Phillips 66 [PSX] Insider Position Details

There are presently around $22,910 million, or 70.70% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 43,179,853, which is approximately -0.003% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 32,971,011 shares of the stock with an approximate value of $2.5 billion in PSX stocks shares; and STATE STREET CORP, currently with $2.26 billion in PSX stock with ownership of nearly 1.062% of the company’s market capitalization.

560 institutional holders increased their position in Phillips 66 [NYSE:PSX] by around 20,507,732 shares. Additionally, 611 investors decreased positions by around 23,752,366 shares, while 219 investors held positions by with 258,224,557 shares. The mentioned changes placed institutional holdings at 302,484,655 shares, according to the latest SEC report filing. PSX stock had 89 new institutional investments in for a total of 2,613,923 shares, while 153 institutional investors sold positions of 2,310,791 shares during the same period.