Phillips 66 stock: buy or sell?
August 23rd, 2019
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
Should I buy Phillips 66 stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Phillips 66 stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Phillips 66 stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we collected 11 ratings published for PSX stock in the last 30 days. The general sentiment of these ratings is bullish for PSX stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-17||Morgan Stanley||n/a||Equal Weight|
|2019-4-29||Bank of America||Neutral||Buy|
|2019-4-15||Jefferies Financial Group||Buy||Hold|
|2019-1-10||Piper Jaffray Companies||Overweight||Overweight|
Phillips 66 stock analysis
Shares of Phillips 66 fell a terrible -3.26% and closed at $95.25.
Phillips 66 fell a terrible -3.26% and closed at $95.25. For the last 23 days when SMA100d and SMA200d crossed up, PSX price slipped $-7.42 per share (-7.23%). Since price and SMA200d lines crossed up on July, PSX climbed $2.56 (2.76%).
Phillips 66 shares eased -2.74% this week, ending at $95.25.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $103.51 resistance. Since SMA20w and SMA40w crossed up late July, PSX price slid a -5.72%. Since price and SMA40w lines crossed up late June, PSX climbed $5.49 (6.12%).
Phillips 66 stock price history
Phillips 66 IPO was on April 12th, 2012 at $27.12 per share1. Since then, PSX stock surged a 251.20%, with a yearly average of 35.90%. If you had invested right after PSX's IPO a $1,000 in Phillips 66 stock in 2012, it would worth $2,512.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Phillips 66 stock historical price chart
PSX stock reached 52-week highs at $117.24, and all-time highs 2018-08-07 with a price of 118.74.
Phillips 66 stock price target is $110.70Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 6 price forecasts for PSX stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-8||Raymond James||Raises Target||$106.00||$110.00||3.8%|
|2019-7-29||Raymond James||Raises Target||$110.00||$117.00||6.4%|
|2019-5-17||Morgan Stanley||Lowers Target||$115.00||$105.00||-8.7%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Phillips 66 presented its financial report, posting a super good climb for the Earnings per Share (EPS). Experts were expecting $2.76 per share, but Phillips 66 posted $4.87.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a great gain of 8.90% to $111,461.00 million USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) remained constant a 0.03% to 5.02%.
|2013||$157,710 M||-||$3,660 M2.3%||-|
|2014||$161,212 M||2.22%||$4,762 M3.0%||30.11%|
|2015||$98,975 M||-38.61%||$4,227 M4.3%||-11.23%|
|2016||$84,279 M||-14.85%||$1,555 M1.8%||-63.21%|
|2017||$102,354 M||21.45%||$5,106 M5.0%||228.36%|
|2018||$111,461 M||8.90%||$5,595 M5.0%||9.58%|
Quarterly financial resultsPhillips 66 posted $29,098.00 million in sales for 2018-Q4, a -2.32% less compared to previous quarter. Reported quarter income marked $2,240.00 million with a profit margin of 7.70%. Profit margin inched a 2.69% compared to previous quarter when profit margin was 5.01%. When comparing turnover to same quarter last year, Phillips 66 sales marked a disappointing correction and decreased a -2.18%.
|2017-Q2||$20,750 M||-||$548 M2.6%||-|
|2017-Q3||$25,627 M||23.50%||$823 M3.2%||50.18%|
|2017-Q4||$29,746 M||16.07%||$3,198 M10.8%||288.58%|
|2018-Q1||$23,595 M||-20.68%||$524 M2.2%||-83.61%|
|2018-Q2||$28,980 M||22.82%||$1,339 M4.6%||155.53%|
|2018-Q3||$29,788 M||2.79%||$1,492 M5.0%||11.43%|
|2018-Q4||$29,098 M||-2.32%||$2,240 M7.7%||50.13%|
|2019-Q1||$23,103 M||-20.60%||$204 M0.9%||-90.89%|
Phillips 66 ownershipWhen you are planning to buy a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Phillips 66, 0.22% of all outstanding shares are owned by its staff.
In case of Phillips 66 stock, 72.55% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PSX stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Phillips 66:
|Market cap||$43.2 B||$317.6 M||$223.7 B||$7.8 B||$22.2 B|
|Total shares||453.6 M||77.5 M||1,900.0 M||170.8 M||474.4 M|
|Float shares||441.9 M||61.5 M||1,900.0 M||162.6 M||654.8 M|
|- Institutional holdings (%)||72.5%||15.6%||67.5%||90.3%||0.0%|
|- Insider holdings (%)||0.2%||20.4%||0.1%||0.6%||65.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Phillips 66 summary
|Friday, August 23rd, 2019|
|Day range||$94.74 - $98.87|
|Average true range||$2.37|
|50d mov avg||$96.48|
|100d mov avg||$92.32|
|200d mov avg||$91.74|
Phillips 66 performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We picked Calumet Specialty Products Partners, Chevron, HollyFrontier, Marathon Petroleum, Valero Energy and Exxon Mobil as the bechmarking frame for Phillips 66 stock.
Phillips 66 competitorsWe chose a few stocks to conform a list of Phillips 66 competitors to check if you are interested in investing in PSX:
- Calumet Specialty Products Partners (CLMT)
- Chevron (CVX)
- HollyFrontier (HFC)
- Marathon Petroleum (MPC)
- Valero Energy (VLO)
- Exxon Mobil (XOM)
Latest Phillips 66 stock news
- Seeking AlphaPhillips 66: Why It Should Be In Your PortfolioJuly 15, 2019
- Seeking AlphaPhillips 66 Partners: Positioned For Significant GrowthJune 26, 2019
- Seeking AlphaPhillips 66: Riding The Coming 'Tsunami'April 16, 2019
- Seeking AlphaPhillips 66 Partners Looks Set For Another Great YearMarch 20, 2019
- Seeking AlphaPhillips 66 Will Continue Rewarding ShareholdersMarch 10, 2019