Phillips 66 (NYSE:PSX) Relative Strength Index (RSI) is 44.21, with weekly volatility at 2.62% and ATR at 2.69. The PSX stock’s 52-week price range has touched low of $43.27 and a $90.59 high. Intraday shares traded counted 2.7 million, which was 4.76% higher than its 30-day average trading volume of 2.84M. Its shares traded lower over the last trading session, losing -1.05% on 04/07/21. The shares fell to a low of $79.115 before closing at $80.00. PSX’s previous close was $80.85 while the outstanding shares total 439.11M. The firm has a beta of 1.71.
Investors have identified the Oil & Gas Refining & Marketing company Phillips 66 as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $34.27 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Phillips 66 (PSX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PSX, the company has in raw cash 2.51 billion on their books with 987.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 13.28 billion total, with 9.52 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 6.74 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PSX sounds very interesting.
Is the stock of PSX attractive?
In related news, Chairman and CEO, Garland Greg C. sold 158,500 shares of the company’s stock in a transaction that recorded on Mar 11. The sale was performed at an average price of 88.50, for a total value of 14,026,750. As the sale deal closes, the Executive Vice President, Mandell Brian now sold 1 shares of the company’s stock, valued at 61. Also, Director, HOLLEY CHARLES M bought 77 shares of the company’s stock in a deal that was recorded on Feb 10. The shares were price at an average price of 76.32 per share, with a total market value of 5,877. Following this completion of acquisition, the Director, LOWE JOHN E now holds 1,500 shares of the company’s stock, valued at 92,172. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
14 out of 20 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Phillips 66. 0 analysts has assigned a Sell rating on the PSX stock. The 12-month mean consensus price target for the company’s shares has been set at $91.33.