The Phillips 66 (NYSE:PSX) is going up by 0.53% in today’s trading session, a rise equivalent to 0.53% of the stock’s price from yesterday’s market close. A news came out on 07/13/19 stating that Gas Prices Could Spike as Hurricane Barry Hits Gulf Coast by BARRONS. The lowest point that the shares touched during the trading session was $100.28, while the peak of the day was recorded at a share price of $102.04. PSX finished the previous session at $100.79 according to the data provided by Barchart, while the trading volume was observed to be $985,843.
In the 100 days of trading, PSX managed to top a 92.68% Moving average. Additionally, Phillips 66 shares have achieved a 52-week range between 78.44 and 123.97 alongside 100 days raw stochastic set at 96.61%.
The number of shares outstanding, according to the fundamentals of the company, is set at 457.60M, equal to the value of $46.12B in market capitalization. Financial analysts indicate that PSX shares should be still ranked as a “Outperform”. In the last 30 days, Phillips 66 shares went down by -0.73%, adding 102.04 to growth in value, on top of a +17.31% boost since 06/18/19.
Phillips 66 (NYSE:PSX) Analyst’s Estimates
Phillips 66 (PSX) could record at least $2.54 per share in quarterly earnings in the upcoming report on 07/26/2019, a number that would actually represent an increase of 39.37% YOY.
According to the average analyst rating, Phillips 66 would be rated as 1.89. Out of 18 different analysts monitoring PSX stock, 7 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 6 indicate that PSX is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-21-19, the stock earned a Upgrade rating due to a new analyst call from Citigroup, while analysts from BofA/Merrill believe that the stock is set at Buy from Neutral, as concluded on Apr-29-19. Jefferies, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Apr-15-19.
Piper Jaffray, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-10-19, giving the stock a Overweight rating.
PSX Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +6.42% has been attained, while the operating margin has been recorded at +4.53%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 10.29%. Beta value of the stock is recorded at 1.10. Additionally, Phillips 66 is recording price volatility of 1.72% for the period of the last seven days and 1.96% in the last 30 days.
Phillips 66 (NYSE:PSX) Technical Outlook
For the period of the last 50 days, Phillips 66 had its Raw Stochastic average set at 96.61% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 94.49%. Stochastic %K for Phillips 66, with the last 20 days included, was set at 94.67%, having Stochastic %D topping 96.36%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Phillips 66 stocks with recording -9.46% in metrics.
Phillips 66 Insider Watch:
As far as the position of shares issued by Phillips 66 (NYSE:PSX) for the period concluded at the market close of 07/17/19, 652 institutional investors increased their positions in PSX shares by 20,430,668, 581 decreased positions by 23,223,404 and 219 institutional investors decided to hold positions at 278,417,448. These numbers put the complete list of institutional holdings set at 322,071,520 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 107 institutional investments with 1,795,915 new shares in addition to having 72 institutional investors selling their positions in 1,320,464 shares.