The price of Phillips 66 (NYSE:PSX) shares last traded on Wall Street fell -0.06% to $154.38.
PSX stock price is now 9.47% away from the 50-day moving average and 29.01% away from the 200-day moving average. The market capitalization of the company currently stands at $66.05B.
On December 04, 2023, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $134 to quote $150, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Pease Robert W, Director bought 682 shares of the company’s stock on Feb 15 ’24. The stock was bought for $99,968 at an average price of $146.58. Upon completion of the transaction, the Director now directly owns 1,900 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’24, EVP, Refining Harbison Richard G sold 21,934 shares of the business’s stock. A total of $3,208,286 was realized by selling the stock at an average price of $146.27. This leaves the insider owning 24,941 shares of the company worth $3.85 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Phillips 66 has had a low of $89.74 and a high of $155.43. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.26, and a quick ratio of 1.02. The fifty day moving average price for PSX is $141.42 and a two-hundred day moving average price translates $119.96 for the stock.
The latest earnings results from Phillips 66 (NYSE: PSX) was released for Dec, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $3.09, beating analysts’ expectations of $2.34 by 0.75. This compares to $4.29 EPS in the same period last year. The net profit margin was 4.76% and return on equity was 23.32% for PSX. The company reported revenue of $38.74 billion for the quarter, compared to $40.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.82 percent. For the current quarter, analysts expect PSX to generate $33.59B in revenue.
