Phillips 66 [PSX] gain 19.86% so far this year. What now?

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Phillips 66 [NYSE: PSX] traded at a high on 07/20/22, posting a 1.69 gain after which it closed the day’ session at $86.85. The company report on July 19, 2022 that Phillips 66 and H2 Energy Europe close on joint venture to create European network of hydrogen refueling stations.


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JET H2 Energy combines companies’ retail and hydrogen expertise to form a leading player in hydrogen mobility.

Phillips 66 (NYSE: PSX) and H2 Energy Europe (“H2 Energy”) today announced they have closed on a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark.

The results of the trading session contributed to over 3584125 shares changing hands. Over the past one week, the price volatility of Phillips 66 stands at 3.28% while the volatility over the past one month is 4.31%.

The market cap for PSX stock reached $40.20 billion, with 449.30 million shares outstanding. Compared to the average trading volume of 4.28M shares, PSX reached a trading volume of 3584125 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $116.53 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 2.00. 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.

BMO Capital Markets have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 14, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on April 26, 2022, representing the official price target for Phillips 66 stock. Previously, the target price had yet another raise from $104 to $105, while Wells Fargo kept a Overweight rating on PSX stock. On January 31, 2022, analysts increased their price target for PSX shares from 100 to 104.

The Average True Range (ATR) for Phillips 66 is set at 4.03, with the Price to Sales ratio for PSX stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 7.20. Price to Free Cash Flow for PSX in the course of the last twelve months was 11.87 with Quick ratio for the last quarter at 0.90.

How has PSX stock performed recently?

Phillips 66 [PSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.04. With this latest performance, PSX shares dropped by -4.04% in over the last four-week period, additionally sinking by -2.04% over the last 6 months – not to mention a rise of 22.10% 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 50.42, with the RSI for the last a single of trading hit 57.15, and the three-weeks RSI is set at 48.50 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 92.75, while it was recorded at 83.04 for the last single week of trading, and 83.92 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 +1.09 and a Gross Margin at +3.02. Phillips 66’s Net Margin is presently recorded at +1.17.

Return on Equity for this stock inclined to 6.85, with Return on Assets sitting at 2.37.

Phillips 66’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

Earnings analysis for Phillips 66 [PSX]

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 6.30%.

Insider trade positions for Phillips 66 [PSX]

There are presently around $29,366 million, or 72.00% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 45,933,380, which is approximately 5.872% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 35,037,013 shares of the stock with an approximate value of $3.04 billion in PSX stocks shares; and STATE STREET CORP, currently with $2.76 billion in PSX stock with ownership of nearly 7.451% of the company’s market capitalization.

Positions in Phillips 66 stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 766 institutional holders increased their position in Phillips 66 [NYSE:PSX] by around 34,879,845 shares. Additionally, 586 investors decreased positions by around 24,802,405 shares, while 220 investors held positions by with 278,446,694 shares. The mentioned changes placed institutional holdings at 338,128,944 shares, according to the latest SEC report filing. PSX stock had 183 new institutional investments in for a total of 4,360,609 shares, while 116 institutional investors sold positions of 6,610,726 shares during the same period.

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