Stocks of Phillips 66 (NYSE:PSX) traded higher last session on Wall Street, down -1.48% to $125.00.
PSX stock price is now -8.52% away from the 50-day moving average and -11.58% away from the 200-day moving average. The market capitalization of the company currently stands at $52.32B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $162 to $150, TD Cowen maintained Buy rating for Phillips 66 (NYSE: PSX). On July 31, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $155 to quote $162, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Mitchell Kevin J, Exec. VP and CFO sold 30,000 shares of the company’s stock on Aug 15 ’24. The stock was sold for $4,170,411 at an average price of $139.01. Upon completion of the transaction, the Exec. VP and CFO now directly owns 81,937 shares in the company, valued at $10.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Officer Mitchell Kevin J bought 30,000 shares of the business’s stock. A total of $4,170,411 was incurred on buying the stock at an average price of $139.01. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Phillips 66 has had a low of $107.85 and a high of $174.08. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.14, and a quick ratio of 0.79. The fifty day moving average price for PSX is $136.3224 and a two-hundred day moving average price translates $141.41255 for the stock.
The latest earnings results from Phillips 66 (NYSE: PSX) was released for 2024-06-30. The net profit margin was 3.36% and return on equity was 17.22% for PSX. The company reported revenue of $38.13 billion for the quarter, compared to $35.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.66 percent.
