PSX Stock Summary and Trading Ideas (Phillips 66 | NYSE:PSX)

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

Phillips 66 trades on the NYSE stock market under the symbol PSX.

As of April 24, 2024, PSX stock price declined to $157.79 with 1,761,444 million shares trading.

PSX has a beta of 0.72, meaning it tends to be less sensitive to market movements. PSX has a correlation of 0.10 to the broad based SPY ETF.

PSX has a market cap of $67.51 billion. This is considered a Large Cap stock.

Last quarter Phillips 66 reported $39 billion in Revenue and $3.09 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.75.

In the last 3 years, PSX stock traded as high as $174.08 and as low as $63.19.

The top ETF exchange traded funds that PSX belongs to (by Net Assets): VTI, VOO, XLE, SPY, IVV.

PSX has outperformed the market in the last year with a return of +61.7%, while the SPY ETF gained +24.2%. In the last 3 month period, PSX beat the market returning +21.2%, while SPY returned +4.6%. However, in the most recent 2 weeks PSX has underperformed the stock market by returning -4.6%, while SPY returned -2.7%.

PSX support price is $155.96 and resistance is $161.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSX stock will trade within this expected range on the day.