Its Stock Has Paid Off Big Time For Phillips 66

With 3.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.17 million shares. The 52-week range on PSX shows that it touched its highest point at $163.85 and its lowest point at $89.74 during that stretch. It currently has a 1-year price target of $160.20. With its current market cap of 72.51 billion, PSX has annualized dividend of $4.20 while the current yield stands at 2.48%. Beta for the stock currently stands at 1.38.

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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 8.33%, but this was up by 17.54% over a month. Three-month performance surged to 27.30% while six-month performance rose 41.07%. The stock gained 69.51% in the past year, while it has gained 27.30% so far this year. A look at the trailing 12-month EPS for PSX yields 15.46 with Next year EPS estimates of 14.27. For the next quarter, that number is 2.64. This implies an EPS growth rate of -11.98% for this year and 2.58% 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, 430.46 million PSX shares are outstanding with a float of 426.92 million shares on hand for trading. On Mar 15, 2024, short shares totaled 8.71 million, which was 2.04% higher than short shares on Feb 15, 2024. In addition to Mr. Greg C. Garland as the firm’s Executive Chairman, Mr. Mark E. Lashier serves as its President, CEO & Director.

Institutional Ownership:

Through their ownership of 78.31% 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.