Phillips 66 (PSX) Stock Is An Record High Flier

April 24, 2018 - By Marie Mckinney

Phillips 66 (NYSE:PSX) Logo

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.09, from 0.92 in 2017Q3. It improved, as 34 investors sold Phillips 66 shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported.
Valley Advisers has invested 0.24% in Phillips 66 (NYSE:PSX). Moreover, Fincl Bank Of Montreal Can has 0.05% invested in Phillips 66 (NYSE:PSX). Bp Plc has 0.23% invested in Phillips 66 (NYSE:PSX). Brown Advisory owns 88,372 shares. Tradition Capital stated it has 0.57% of its portfolio in Phillips 66 (NYSE:PSX). First State Bank Of Hutchinson invested in 2,084 shares or 0.13% of the stock. Cushing Asset L P holds 0.78% or 255,823 shares in its portfolio. Argent accumulated 3,266 shares. Whitnell Company invested 0.01% in Phillips 66 (NYSE:PSX). First Comml Bank invested in 0.07% or 4,183 shares. Webster Fincl Bank N A invested in 945 shares. Moreover, Optimum Invest Advisors has 0.07% invested in Phillips 66 (NYSE:PSX) for 2,072 shares. Private Wealth Ltd Liability Com holds 0.07% in Phillips 66 (NYSE:PSX) or 4,000 shares. Coastline Trust has invested 0.29% in Phillips 66 (NYSE:PSX). Ing Groep Nv invested 0.01% of its portfolio in Phillips 66 (NYSE:PSX).

Since December 15, 2017, it had 0 insider buys, and 1 insider sale for $270,675 activity.

The stock of Phillips 66 (NYSE:PSX) reached all time high today, Apr, 24 and still has $117.40 target or 7.00 % above today’s $109.72 share price. This indicates more upside for the $51.17B company. This technical setup was reported by Barchart.com. If the $117.40 PT is reached, the company will be worth $3.58 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 1.55% or $1.73 during the last trading session, reaching $109.72. About 2.20 million shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since April 24, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on April, 27 before the open. They expect $0.84 EPS, up 50.00 % or $0.28 from last year’s $0.56 per share. PSX’s profit will be $391.71 million for 32.65 P/E if the $0.84 EPS becomes a reality. After $1.07 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -21.50 % negative EPS growth.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 13 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Phillips 66 had 25 analyst reports since October 30, 2017 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, April 24 with “Sell”. On Wednesday, January 24 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Cowen & Co with “Buy” on Wednesday, February 14. On Wednesday, December 20 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Neutral” rating on Wednesday, November 15 by UBS. The company was maintained on Wednesday, January 24 by Jefferies. On Monday, April 9 the stock rating was maintained by JP Morgan with “Neutral”. Cowen & Co maintained the shares of PSX in report on Friday, February 2 with “Buy” rating. The firm has “Buy” rating given on Monday, December 18 by Goldman Sachs. The stock of Phillips 66 (NYSE:PSX) has “Neutral” rating given on Wednesday, March 7 by Credit Suisse.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $51.17 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 11.14 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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