Investors in cash trouble should check out Phillips 66 (PSX)

With 2.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.29 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $147.51 whereas the lowest price it dropped to was $145.77. The 52-week range on PSX shows that it touched its highest point at $149.52 and its lowest point at $89.74 during that stretch. It currently has a 1-year price target of $148.02. With its current market cap of 64.47 billion, PSX has annualized dividend of $4.36 while the current yield stands at 2.97%. Beta for the stock currently stands at 1.37.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSX was up-trending over the past week, with a rise of 1.54%, but this was up by 9.47% over a month. Three-month performance surged to 25.40% while six-month performance rose 30.04%. The stock gained 49.40% in the past year, while it has gained 10.06% so far this year. A look at the trailing 12-month EPS for PSX yields 15.46 with Next year EPS estimates of 14.06. For the next quarter, that number is 2.73. This implies an EPS growth rate of -15.13% for this year and 4.80% for next year. EPS is expected to decline by -11.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.58%.


Float and Shares Shorts:

At present, 465.84 million PSX shares are outstanding with a float of 439.01 million shares on hand for trading. On Jan 11, 2024, short shares totaled 8.85 million, which was 2.06% higher than short shares on Dec 14, 2023. In addition to PSX as the firm’s Phillips 66, CSX serves as its CSX Corporation.

Institutional Ownership:

Through their ownership of 73.90% of PSX’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PSX analysts setting a high price target of $166.00 and a low target of $123.80, the average target price over the next 12 months is $148.02. Based on these targets, PSX could surge 13.29% to reach the target high and fall by -15.51% to reach the target low. Reaching the average price target will result in a growth of 1.02% from current levels.

Summary of Insider Activity:

Insiders traded PSX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 380,361 while 368,945 shares were sold.