Large Outflow of Money Witnessed in Phillips 66

Phillips 66 (PSX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($22.37 million) and the uptick to downtick ratio was 0.66. The transaction value on upticks was $42.58 million and on downticks, the transaction value was $64.95 million. In block trades, the transaction value of inflow done during uptick was $2.85 million. The transaction value of block trades during downticks was $26.73 million. The uptick to downtick block trade ratio was 0.11. The money flow was negative ($23.87 million), indicating the traders were booking profit on the price strength. Phillips 66 (PSX) rose $1.78 at $81.19, during intraday Wednesday , a rise of 2.24% over the previous days close.


Shares of Phillips 66 rose by 1.4% in the last five trading days and 2.93% for the last 4 weeks. Phillips 66 is up 2.69% in the last 3-month period. Year-to-Date the stock performance stands at 1.62%.

Phillips 66 (PSX) : The consensus on Phillips 66 (PSX) based on 12 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Phillips 66 (NYSE:PSX): The stock opened at $79.73 and touched an intraday high of $81.31 on Wednesday. During the day, the stock corrected to an intraday low of $79.3, however, the bulls stepped in and pushed the price higher to close in the green at $81.19 with a gain of 2.24% for the day. The total traded volume for the day was 2,954,548. The stock had closed at $79.41 in the previous trading session.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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