In the past 52-week period, shares of Phillips 66 (NYSE:PSX) have moved within the range of $75.14 to $95.00. On the stock’s most recent trading day, the company’s shares ended the regular session at $93.46, which is 1.62% lower than its 52-week high.
Phillips 66 (PSX) has demonstrated a 20-day simple moving average (SMA) of 1.55%, and a 50-day SMA of 4.82%. This public company’s current market capitalization stands at $48.39 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Phillips 66 (PSX) is Hold.
Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Phillips 66 (PSX) delivered a 5.96% surprise with its net revenue. Sales reached $26.21 billion during the three-month period, compared to the average analyst estimate of $27.87 billion.
Meanwhile, during the same quarter Phillips 66 (PSX) delivered a 5.81% earnings surprise. Net earnings for the quarter were posted at $1.66 per share, whereas Wall Street had forecast $1.57 per share.
Ownership at Phillips 66 (PSX), According to Most Recent SEC Filings
A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Phillips 66 (PSX) has 0.51 billion shares outstanding currently, 70.92% of which belong to institutional investors. Those institutional holdings amount to $33.48 billion.
Additionally, according to the most recent 13F filing from Phillips 66 (PSX), there were 83 new positions totaling 1,283,137 shares of the company’s stock. There were 58 sold out positions, on the other hand, totaling 2,196,017 shares.
Short, Medium and Long Term Indicators
Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Phillips 66 (PSX) has had a 20-day average volume of 1,886,605 shares, with an average of 80% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 2,023,860 shares, with an average of 75% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 2,038,391 shares with 67% of long-term indicators pointing to Buy.