Phillips 66 stock: buy or sell?

PSX stock price: $117.35 -1.10% At close on November 19th, 2019

Updated on:
November 19th, 2019

5

After topping to all time highs on Friday, Phillips 66 decreased -1.10% today to $117.35.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups work for Phillips 66 stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Phillips 66 stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 14 ratings published for PSX stock in the last 30 days.

The general sentiment of these ratings is bullish for PSX stock, with 11 positive ratings.
Is PSX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-5Macquarien/aOutperform
2019-9-3Scotiabankn/aOutperform
2019-9-25Wells Fargo & Con/aOutperform
2019-9-10JPMorgan Chase & Co.n/aOverweight
2019-7-8Raymond Jamesn/aOutperform
2019-7-29Raymond Jamesn/aOutperform
2019-7-26CowenOutperformOutperform
2019-7-26Cowenn/aOutperform
2019-6-21CitigroupNeutralBuy
2019-5-17Morgan Stanleyn/aEqual Weight
2019-4-29Bank of AmericaNeutralBuy
2019-4-15Jefferies Financial GroupBuyHold
2019-3-4CitigroupNeutralNeutral
2019-2-8Tudor PickeringHoldBuy

Phillips 66 stock analysis

Daily outlook

After marking all time highs on Friday, Phillips 66 decreased -1.10% to $117.35.

After marking all time highs on Friday, Phillips 66 decreased -1.10% to $117.35. On July, SMA100d and SMA200d crossed up triggering a rise of 15.17%. Since July when PSX stock price broke up the SMA200d line, it gained $25.36 (27.57%). On Friday, PSX hit new all time highs, pushing higher previous ATH of $119.02 recorded on November 8th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

PSX stock chart (daily)

Weekly outlook

Phillips 66 slightly fell an ugly -0.85% this week. Late October PSX rocketed an amazing 6.31% in just one week.

Phillips 66 stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last all-time high Phillips 66 marked last week. Late July, SMA20w and SMA40w crossed up triggering a rise of 17.03%. Since price and SMA40w lines crossed up late June, PSX climbed $28.27 (31.74%).

PSX stock chart (weekly)

Phillips 66 stock price history

Phillips 66 stock went public on April 12th, 2012 with a price of $26.921. Since then, PSX stock surged a 335.90%, with an average of 48.00% per year. If you had invested right after PSX's IPO a $1,000 in Phillips 66 stock in 2012, it would worth $3,359.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Phillips 66 stock historical price chart

PSX stock reached all-time highs on Friday with a price of $119.21.

Phillips 66 stock price target is $113.90

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 8 price targets for Phillips 66 stock:
PSX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-25Wells Fargo & CoRaises Target$130.00$132.001.5%
2019-9-10JPMorgan Chase & Co.Lowers Target$126.00$115.00-8.7%
2019-7-8Raymond JamesRaises Target$106.00$110.003.8%
2019-7-29Raymond JamesRaises Target$110.00$117.006.4%
2019-7-26CowenReiterates$112.00$115.002.7%
2019-7-26CowenRaises Target$112.00$115.002.7%
2019-5-17Morgan StanleyLowers Target$115.00$105.00-8.7%
2019-3-4CitigroupRaises Target$100.00$102.002%
(in average)$113.90$113.900.0%
The price forecast for Phillips 66 stock is $113.90, moving in a range between $132.00 and $102.00. In average, analysts' outlook on PSX price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Phillips 66 presented its financial report, posting an amazing climb for the Earnings per Share (EPS). Analyst expected $2.76 per share, but Phillips 66 posted $4.87.
PSX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.05n/a
2017-Q32017-10-271.571.665.7%
2017-Q42018-02-020.861.0724.4%
2018-Q12018-04-270.911.0414.3%
2018-Q22018-07-272.162.829.6%
2018-Q32018-10-262.53.124.0%
2018-Q42019-02-082.764.8776.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a very good increase of 8.90% to $111,461.00 million dollars. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stayed steady a 0.03% to 5.02%.

PSX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$157,710 M-$3,660 M2.3%-
2014$161,212 M2.22%$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 M21.45%$5,106 M5.0%228.36%
2018$111,461 M8.90%$5,595 M5.0%9.58%

Quarterly financial results

Phillips 66 posted $29,098.00 million in sales for 2018-Q4, a -2.32% less compared to previous quarter. Reported quarter earnings marked $2,240.00 M with a profit margin of 7.70%. Profit margin appreciated a 2.69% compared to previous quarter when profit margin was 5.01%. When comparing revenues to same quarter last year, Phillips 66 sales marked an unpleasant correction and depreciated a -2.18%.
PSX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$20,750 M-$548 M2.6%-
2017-Q3$25,627 M23.50%$823 M3.2%50.18%
2017-Q4$29,746 M16.07%$3,198 M10.8%288.58%
2018-Q1$23,595 M-20.68%$524 M2.2%-83.61%
2018-Q2$28,980 M22.82%$1,339 M4.6%155.53%
2018-Q3$29,788 M2.79%$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 ownership

When you are planning to invest in shares of a stock, it's worth to have a look 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:

PSXCLMTCVXHFCMPC
Market cap$52.1 B$252.8 M$225.2 B$8.7 B$41.9 B
Total shares444.4 M77.6 M1,900.0 M161.4 M649.3 M
Float shares437.8 M61.0 M1,890.0 M159.5 M645.9 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 selling0.0%0.0%0.0%0.0%0.0%

Phillips 66 summary

Tuesday, November 19th, 2019
Open$117.86
Close$117.35
Day range$117.03 - $118.90
Previous close$118.65
Session gain-1.10%
Average true range$1.69
50d mov avg$108.45
100d mov avg$103.22
200d mov avg$96.63
Daily pattern
Weekly pattern lt06a

Phillips 66 performance

To better understand Phillips 66 performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Phillips 66 to Calumet Specialty Products Partners, Chevron, HollyFrontier, Marathon Petroleum, Valero Energy and Exxon Mobil:
Stock3m6m12m
PSX24.23%43.86%36.60%
CLMTCalumet Specialty...-18.50%-28.67%-4.40%
CVXChevron3.94%1.88%8.60%
HFCHollyFrontier23.56%32.10%-3.73%
MPCMarathon Petroleu...41.02%29.76%7.69%
VLOValero Energy36.24%34.07%35.60%
XOMExxon Mobil2.74%-5.25%-4.89%

Phillips 66 competitors

We picked a few stocks to conform a list of Phillips 66 competitors to examine if you are interested in investing in PSX:

Latest Phillips 66 stock news