While Phillips 66 has underperformed by -2.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PSX fell by -17.94%, with highs and lows ranging from $174.08 to $108.90, whereas the simple moving average fell by -8.84% in the last 200 days.
On January 03, 2025, Wolfe Research Upgraded Phillips 66 (NYSE: PSX) to Outperform. TD Cowen also reiterated PSX shares as ‘Buy’, quoting a target price of $150 on the company’s shares in a report dated September 11, 2024. TD Cowen Reiterated the rating as Buy on July 31, 2024, but set its price target from $155 to $162. Wolfe Research initiated its ‘Peer Perform’ rating for PSX, as published in its report on July 18, 2024. TD Cowen’s report from June 21, 2024 suggests a price prediction of $155 for PSX shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of Phillips 66 (PSX)
PSX currently pays a dividend of $4.50 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -11.48%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Phillips 66’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 7.14% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.96M can be a very valuable indicator of volatility for PSX stock. On a monthly basis, the volatility of the stock is set at 2.59%, whereas on a weekly basis, it is put at 3.38%, with a loss of -0.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $138.65, showing growth from the present price of $120.82, which can serve as yet another indication of whether PSX is worth investing in or should be passed over.
How Do You Analyze Phillips 66 Shares?
The USA based company Phillips 66 (PSX) is one of the biggest names in Oil & Gas Refining & Marketing. When comparing Phillips 66 shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.49, there is a growth in quarterly earnings of -99.65%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.28%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PSX shares are owned by institutional investors to the tune of 74.60% at present.
