Phillips 66 (NYSE: PSX) has reported earnings for its second fiscal quarter (ending June 30) of $2.39 versus $3.73 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $11.72 versus $23.13 for the same period a year ago.
Recent Price Action
Phillips 66 (NYSE: PSX) stock enjoyed a large increase of 4.8% on 7/30/24. The stock closed at $147.17. Moreover, unusually high trading volume at 171% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
PSX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Phillips 66 has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Phillips 66 has a good Power Rating of 71 and a good Appreciation Score of 73, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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