In the last trading session, 5.51 million shares of the Phillips 66 (NYSE:PSX) were traded, and its beta was 1.00. Most recently the company’s share price was $124.54, and it changed around $0.92 or 0.74% from the last close, which brings the market valuation of the company to $50.74B. PSX currently trades at a discount to its 52-week high of $150.12, offering almost -20.54% off that amount. The share price’s 52-week low was $91.01, which indicates that the current value has risen by an impressive 26.92% since then. We note from Phillips 66’s average daily trading volume that its 10-day average is 3.21 million shares, with the 3-month average coming to 3.32 million.
Phillips 66 stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended PSX as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight. Phillips 66 is expected to report earnings per share of 1.75 for the current quarter.
Phillips 66 (NYSE:PSX) trade information
Instantly PSX has showed a green trend with a performance of 0.74% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 125.76 on recent trading dayincreased the stock’s daily price by 0.97%. The company’s shares are currently up 9.31% year-to-date, but still up 4.92% over the last five days. On the other hand, Phillips 66 (NYSE:PSX) is -0.95% down in the 30-day period. We can see from the shorts that 6.76 million shares have been sold at a short interest cover period of 1.95 day(s).
The consensus price target as assigned by Wall Street analysts is $132, which translates to bulls needing to increase their stock price by 5.65% from its current value. Analyst projections state that PSX is forecast to be at a low of $115 and a high of $140.
Phillips 66 (PSX) estimates and forecasts
The year-over-year growth rate is expected to be -12.17%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 32.11B in revenue for the current quarter. 8 analysts expect Phillips 66 to make 31.75B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 38.91B and 36.16B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.47%. Forecasts for the next quarter put sales growth at -12.21%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.91%. Phillips 66 earnings are expected to increase by -28.42% in 2025, but the outlook is positive 24.36% per year for the next five years.
PSX Dividends
Phillips 66’s next quarterly earnings report is expected to be released on 2025-Apr-24. The annual dividend yield of the stock is 3.73 percent and its annual dividend per share was 4.65. It is important to note, however, that the 3.73% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.19 per year.
Phillips 66 (NYSE:PSX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.26% of Phillips 66 shares, and 76.47% of them are in the hands of institutional investors. The stock currently has a share float of 76.67%. Phillips 66 stock is held by 2187.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6905% of the shares, which is about 40.98 million shares worth $5.78 billion.
BLACKROCK INC., with 7.2934% or 30.84 million shares worth $4.35 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
