Phillips 66 [NYSE: PSX] stock went on a downward path that fall over -2.57% on Thursday, amounting to a one-week price decrease of less than -4.50%.
Over the last 12 months, PSX stock rose by 10.41%. The one-year Phillips 66 stock forecast points to a potential upside of 16.67. The average equity rating for PSX stock is currently 1.80, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $53.95 billion, with 430.46 million shares outstanding and 417.48 million shares in the current float. Compared to the average trading volume of 2.34M shares, PSX stock reached a trading volume of 3864391 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $154.67 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.
TD Cowen have made an estimate for Phillips 66 shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 18, 2024, representing the official price target for Phillips 66 stock. Previously, the target price had yet another drop from $164 to $155, while TD Cowen kept a Buy rating on PSX stock.
The Average True Range (ATR) for Phillips 66 is set at 3.69, with the Price to Sales ratio for PSX stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 5.84. Price to Free Cash Flow for PSX in the course of the last twelve months was 12.69 with Quick ratio for the last quarter at 0.79.
PSX Stock Performance Analysis:
Phillips 66 [PSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.50. With this latest performance, PSX shares dropped by -3.15% in over the last four-week period, additionally sinking by -12.18% over the last 6 months – not to mention a rise of 10.41% 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 38.03, with the RSI for the last a single of trading hit 33.92, and the three-weeks RSI is set at 40.36 for Phillips 66 [PSX]. The present Moving Average for the last 50 days of trading for this stock 137.39, while it was recorded at 134.60 for the last single week of trading, and 141.22 for the last 200 days.
Insight into Phillips 66 Fundamentals:
Phillips 66’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.79 and a Current Ratio set at 1.14.
PSX Stock EPS
With the latest financial reports released by the company, Phillips 66 posted 4.63/share EPS, while the average EPS was predicted by analysts to be reported at 4.76/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.13. 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 -4.60%.
Phillips 66 [PSX] Institutonal Ownership Details
There are presently around $76.26%, or 76.57%% of PSX stock, in the hands of institutional investors. The top three institutional holders of PSX stocks are: VANGUARD GROUP INC with ownership of 40.98 million shares, which is approximately 9.5529%. BLACKROCK INC., holding 30.84 million shares of the stock with an approximate value of $$4.35 billion in PSX stocks shares; and BLACKROCK INC., currently with $$4.05 billion in PSX stock with ownership which is approximately 6.6851%.
