In the latest session, Phillips 66 (NYSE: PSX) closed at $165.41 up 0.15% from its previous closing price of $165.16. In other words, the price has increased by $+0.25 from its previous closing price. On the day, 1997063 shares were traded. PSX stock price reached its highest trading level at $165.95 during the session, while it also had its lowest trading level at $163.16.
Ratios:
For a deeper understanding of Phillips 66’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.61.
On December 04, 2023, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $134 to $150.
Wolfe Research Upgraded its Peer Perform to Outperform on October 31, 2023, while the target price for the stock was maintained at $146.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 20 ’24 when Pruitt Joseph Scott sold 7,200 shares for $157.26 per share. The transaction valued at 1,132,290 led to the insider holds 6,583 shares of the business.
Pruitt Joseph Scott sold 5,922 shares of PSX for $932,103 on Mar 18 ’24. The Vice President and Controller now owns 6,583 shares after completing the transaction at $157.40 per share. On Feb 15 ’24, another insider, Pease Robert W, who serves as the Director of the company, bought 682 shares for $146.58 each. As a result, the insider paid 99,968 and bolstered with 1,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSX now has a Market Capitalization of 70.26B and an Enterprise Value of 86.30B. As of this moment, Phillips’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.70, and their Forward P/E ratio for the next fiscal year is 11.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 0.59 whereas that against EBITDA is 6.98.
Stock Price History:
Over the past 52 weeks, PSX has reached a high of $174.08, while it has fallen to a 52-week low of $89.74. The 50-Day Moving Average of the stock is 152.68, while the 200-Day Moving Average is calculated to be 126.40.
Shares Statistics:
For the past three months, PSX has traded an average of 3.12M shares per day and 2.53M over the past ten days. A total of 430.46M shares are outstanding, with a floating share count of 426.91M. Insiders hold about 0.21% of the company’s shares, while institutions hold 77.71% stake in the company. Shares short for PSX as of Mar 15, 2024 were 8.71M with a Short Ratio of 2.58, compared to 9.3M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.04% and a Short% of Float of 2.31%.
Dividends & Splits
According to the company, the forward annual dividend rate for PSX is 4.20, from 4.20 in the trailing year. Against a Trailing Annual Dividend Yield of 2.54%, it implies a Forward Annual Dividend Yield of 2.64%. The stock’s 5-year Average Dividend Yield is 4.30.
Earnings Estimates
There are 14 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.38 for the current quarter, with a high estimate of $3.66 and a low estimate of $2, while EPS last year was $4.21. The consensus estimate for the next quarter is $4.22, with high estimates of $6.12 and low estimates of $3.22.
Analysts are recommending an EPS of between $21.09 and $11.46 for the fiscal current year, implying an average EPS of $13.93. EPS for the following year is $14.44, with 16 analysts recommending between $19.56 and $9.03.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $33.97B this quarter.It ranges from a high estimate of $37.97B to a low estimate of $26.83B. As of the current estimate, Phillips 66’s year-ago sales were $35.09B, an estimated decrease of -3.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $35.7B, a decrease of -0.10% over than the figure of -$3.20% in the same quarter last year. There is a high estimate of $38.92B for the next quarter, whereas the lowest estimate is $29.2B.
A total of 9 analysts have provided revenue estimates for PSX’s current fiscal year. The highest revenue estimate was $149.65B, while the lowest revenue estimate was $115.05B, resulting in an average revenue estimate of $140.28B. In the same quarter a year ago, actual revenue was $149.89B, down -6.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $136.94B in the next fiscal year. The high estimate is $148.99B and the low estimate is $116.57B. The average revenue growth estimate for next year is down -2.40% from the average revenue estimate for this year.
