The price of Phillips 66 (NYSE:PSX) shares last traded on Wall Street rose 1.55% to $104.05.
Based on available information, 20 analysts follow Phillips 66 (NYSE:PSX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $132.00 and a low of $101.00, we find $122.00. Given the previous closing price of $102.46, this indicates a potential upside of 19.07 percent. PSX stock price is now 8.36% away from the 50-day moving average and 3.78% away from the 200-day moving average. The market capitalization of the company currently stands at $48.75B.
Among analysts, 8 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $120.81 as their price target over the next twelve months.
With the price target enhanced from $110 to $123, TD Cowen Upgraded its rating from Market Perform to Outperform for Phillips 66 (NYSE: PSX).
In other news, HAYES GREGORY, Director bought 10,250 shares of the company’s stock on Feb 02. The stock was bought for $1,001,938 at an average price of $97.75. Upon completion of the transaction, the Director now directly owns 14,299 shares in the company, valued at $1.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Vice President and Controller Pruitt Joseph Scott sold 600 shares of the business’s stock. A total of $66,406 was realized by selling the stock at an average price of $110.68. This leaves the insider owning 15,302 shares of the company worth $1.59 million. Insiders disposed of 36,440 shares of company stock worth roughly $3.79 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PSX stock. In total, there are 1,941 active investors with 73.50% ownership of the company’s stock.
A candlestick chart of Phillips 66 (NYSE: PSX) showed a price of $103.18 on Thursday morning. During the past 12 months, Phillips 66 has had a low of $74.02 and a high of $113.53. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.50, and a quick ratio of 1.20. The fifty day moving average price for PSX is $96.23 and a two-hundred day moving average price translates $100.38 for the stock.
The latest earnings results from Phillips 66 (NYSE: PSX) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $4.21, beating analysts’ expectations of $3.56 by 0.65. This compares to $1.29 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 44.20% for PSX. The company reported revenue of $34.4 billion for the quarter, compared to $36.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.93 percent. For the current quarter, analysts expect PSX to generate $34.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/18/2023 were paid a $1.05 dividend. On an annualized basis, this represents a $4.20 dividend and a 4.04% percent yield. There was an ex-dividend date of 08/17/2023 for this dividend. In terms of dividend payout ratio, PSX is presently at 15.30%.
