Phillips 66 (NYSE:PSX) shares, rose in value on Friday, April 26, with the stock price down by -4.02% to the previous day’s close as strong demand from buyers drove the stock to $150.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $157.24. The PE ratio was 9.76 over 12-month period. Referring to stock’s 52-week performance, its high was $174.08, and the low was $89.74. On the whole, PSX has fluctuated by -5.06% over the past month.
The company’s Forward Dividend Ratio is 4.20, with its dividend yield at 2.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 140.25B, with a low estimate of 26.73B and a high estimate of 38.16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 33.08B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PSX currently trading nearly -7.19% and -2.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.79, while the 7-day volatility ratio is showing 2.32% which for the 30-day chart, stands at 2.46%. Furthermore, Phillips 66 (PSX)’s beta value is 1.38, and its average true range (ATR) is 4.05.
A comparison of Phillips 66 (PSX) with its peers suggests the former has fared considerably weaker in the market. PSX showed an intraday change of -4.02% in today’s session so far, and over the past year, it grew by 52.02%%.
Data on historical trading for Phillips 66 (NYSE:PSX) indicates that the trading volumes over the past 3 months, they’ve averaged 2.98 million. According to company’s latest data on outstanding shares, there are 430.46 million shares outstanding.
Nearly 0.22% of Phillips 66’s shares belong to company insiders and institutional investors own 77.67% of the company’s shares. The stock has risen by 13.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSX stock heading into the next quarter.
