Phillips 66 (PSX) : Traders are bullish on Phillips 66 (PSX) as it has outperformed the S&P 500 by a wide margin of 3.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.58% in the last 1 week, and is up 1.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.83% and the 50-Day Moving Average is 2.85%.The 200 Day SMA reached 0.65% Phillips 66 is up 1.57% in the last 3-month period. Year-to-Date the stock performance stands at -1.01%.
Phillips 66 (PSX) : The highest short term price target forecast on Phillips 66 (PSX) is $93 and the lowest target price is $72. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $85.11 with a standard deviation of $7.61.
Company shares have received an average consensus rating of Hold for the current week Phillips 66 (NYSE:PSX): stock was range-bound between the intraday low of $78.23 and the intraday high of $79.285 after having opened at $78.32 on Fridays session. The stock finally closed in the red at $78.32, a loss of -0.01%. The stock remained in the red for the whole trading day. The total traded volume was 7,599,569 shares. The stock failed to cross $79.285 in Fridays trading. The stocks closing price on Thursday was $79.1.
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.