Phillips 66 [PSX] Revenue clocked in at $147.60 billion, up 41.13% YTD: What’s Next?

Phillips 66 [NYSE: PSX] price surged by 2.04 percent to reach at $2.04. The company report on October 26, 2022 that Phillips 66 to Host Investor Day.


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Phillips 66 (NYSE: PSX) executive management will provide an update on the company’s strategic initiatives at its investor day. The meeting will take place at 8:30 a.m. EST on Nov. 9, 2022, in New York.

A live webcast of the meeting will be available. To access the webcast, go to the “Events and Presentations” section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast will be archived in “Events and Presentations” approximately two hours after the event, and a transcript will be available at a later date.

A sum of 3150049 shares traded at recent session while its average daily volume was at 3.28M shares. Phillips 66 shares reached a high of $102.98 and dropped to a low of $100.39 until finishing in the latest session at $102.26.

The one-year PSX stock forecast points to a potential upside of 8.75. The average equity rating for PSX stock is currently 2.30, 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 $112.06 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 2.30. 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.

Jefferies have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 19, 2022. The new note on the price target was released on September 15, 2022, representing the official price target for Phillips 66 stock. Previously, the target price had yet another raise to $132, while BMO Capital Markets analysts kept a Outperform rating on PSX stock.

The Average True Range (ATR) for Phillips 66 is set at 3.31, 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 2.04, with the Price to Cash per share for the same quarter was set at 6.00. Price to Free Cash Flow for PSX in the course of the last twelve months was 14.25 with Quick ratio for the last quarter at 1.00.

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 4.40. With this latest performance, PSX shares gained by 34.16% in over the last four-week period, additionally plugging by 23.19% over the last 6 months – not to mention a rise of 24.37% 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 70.76, with the RSI for the last a single of trading hit 76.91, and the three-weeks RSI is set at 66.14 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 89.02, while it was recorded at 100.21 for the last single week of trading, and 88.19 for the last 200 days.

Insight into Phillips 66 Fundamentals:

Phillips 66’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.

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 6.30%.

Phillips 66 [PSX] Insider Position Details

There are presently around $35,890 million, or 73.60% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 49,677,981, which is approximately 8.152% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 37,755,681 shares of the stock with an approximate value of $3.86 billion in PSX stocks shares; and STATE STREET CORP, currently with $3.34 billion in PSX stock with ownership of nearly 2.685% of the company’s market capitalization.

Positions in Phillips 66 stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 748 institutional holders increased their position in Phillips 66 [NYSE:PSX] by around 31,530,300 shares. Additionally, 540 investors decreased positions by around 18,578,862 shares, while 257 investors held positions by with 300,861,567 shares. The mentioned changes placed institutional holdings at 350,970,729 shares, according to the latest SEC report filing. PSX stock had 117 new institutional investments in for a total of 2,575,865 shares, while 97 institutional investors sold positions of 3,731,473 shares during the same period.

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