Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Phillips 66 (NYSE: PSX) closed the day trading at $125.62 down -3.43% from the previous closing price of $130.08. In other words, the price has decreased by -$3.43 from its previous closing price. On the day, 3.12 million shares were traded. PSX stock price reached its highest trading level at $131.01 during the session, while it also had its lowest trading level at $125.22.
Ratios:
For a better understanding of PSX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.64.
On September 11, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $162 to $150.
TD Cowen reiterated its Buy rating for the stock on July 31, 2024, while the target price for the stock was revised from $155 to $162.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Mitchell Kevin J sold 30,000 shares for $139.01 per share. The transaction valued at 4,170,411 led to the insider holds 81,937 shares of the business.
Mitchell Kevin J bought 30,000 shares of PSX for $4,170,411 on Aug 15 ’24. On May 16 ’24, another insider, Roberts Timothy D., who serves as the Executive Vice President of the company, sold 37,742 shares for $145.80 each. As a result, the insider received 5,502,784 and left with 48,365 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 53721645056 and an Enterprise Value of 71302709248. As of this moment, Phillips’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.15, and their Forward P/E ratio for the next fiscal year is 13.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 0.483 whereas that against EBITDA is 12.797.
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 $119.77. The 50-Day Moving Average of the stock is -3.84%, while the 200-Day Moving Average is calculated to be -10.28%.
Shares Statistics:
Over the past 3-months, PSX traded about 2.68M shares per day on average, while over the past 10 days, PSX traded about 2727390 shares per day. A total of 412.99M shares are outstanding, with a floating share count of 411.88M. Insiders hold about 0.27% of the company’s shares, while institutions hold 74.54% stake in the company. Shares short for PSX as of 1732838400 were 7185654 with a Short Ratio of 2.67, compared to 1730332800 on 6058637. Therefore, it implies a Short% of Shares Outstanding of 7185654 and a Short% of Float of 1.7399999999999998.
Dividends & Splits
PSX’s forward annual dividend rate is 4.50, up from 4.4 a year ago. Against a Trailing Annual Dividend Yield of 0.033825338The stock’s 5-year Average Dividend Yield is 4.26.
