What Are The Chances Of Phillips 66 (NYSE: PSX) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, PSX falls under the Energy sector while operating within the Oil & Gas Refining & Marketing industry segment. The current market capitalization of Phillips 66 is $57.97B. A total of 1.81 million shares were traded on the day, compared to an average of 2.67M shares.

In the most recent transaction, Mitchell Kevin J sold 30,000 shares of PSX for 139.01 per share on Aug 15 ’24. After the transaction, the Exec. VP and CFO now owns 81,937 company shares. In a previous transaction on Aug 15 ’24, Mitchell Kevin J bought 30,000 shares at 139.01 per share.

Among the insiders who sold shares, Roberts Timothy D. disposed of 37,742 shares on May 16 ’24 at a per-share price of $145.80. This resulted in the Executive Vice President holding 48,365 shares of PSX after the transaction. In another insider transaction, Pruitt Joseph Scott sold 7,200 shares at $157.26 per share on Mar 20 ’24. Company shares held by the Vice President and Controller now total 6,583.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Phillips 66 pays an annual dividend of $4.40, resulting in a dividend yield of 3.18%, and it has a price to earnings (P/E) ratio of 11.89. PSX’s most recent ex-dividend date was 8/20/2024 when it declared a $1.15 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/3/2024 with an ex-dividend date of 5/17/2024. The PSX stock dividend was $1.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PSX has a high of $174.08 and a low of $107.85.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PSX’s latest balance sheet shows that the firm has $3.15B in Cash & Short Term Investments as of fiscal 2021. There were $14.45B in debt and $12.80B in liabilities at the time. Its Book Value Per Share was $70.37, while its Total Shareholder’s Equity was $21.64B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSX is Buy with a score of 4.17.

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