Phillips 66 stock: buy or sell?

PSX stock price: $95.25 -3.26% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

3

Shares of Phillips 66 ended today at $95.25 and fell a terrible -3.26%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is PSX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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
2019-1-10Piper Jaffray CompaniesOverweightOverweight

Phillips 66 stock analysis

Daily outlook

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%).

PSX stock chart (daily)

Weekly outlook

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%).

PSX stock chart (weekly)

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 $110.70

Nobody 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:
PSX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$109.20$110.701.0%
Moving in a range from $117.00 and $102.00, the price prediction for Phillips 66 stock is $110.70. 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 a super good climb for the Earnings per Share (EPS). Experts were expecting $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 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%.

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 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%.
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 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:

PSXCLMTCVXHFCMPC
Market cap$43.2 B$317.6 M$223.7 B$7.8 B$22.2 B
Total shares453.6 M77.5 M1,900.0 M170.8 M474.4 M
Float shares441.9 M61.5 M1,900.0 M162.6 M654.8 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 selling0.0%0.0%0.0%0.0%0.0%

Phillips 66 summary

Friday, August 23rd, 2019
Open$97.48
Close$95.25
Day range$94.74 - $98.87
Previous close$98.46
Session gain-3.26%
Average true range$2.37
50d mov avg$96.48
100d mov avg$92.32
200d mov avg$91.74
Daily pattern
Weekly pattern lb02a

Phillips 66 performance

To 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.
Stock3m6m12m
PSX15.90%-0.25%-17.19%
CLMTCalumet Specialty...-10.28%32.26%-41.84%
CVXChevron0.20%0.61%2.94%
HFCHollyFrontier11.79%-16.11%-36.36%
MPCMarathon Petroleu...-5.73%-26.34%-41.97%
VLOValero Energy2.72%-7.21%-32.98%
XOMExxon Mobil-4.95%-9.15%-8.62%

Phillips 66 competitors

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

Latest Phillips 66 stock news