Significant negative changes in fundamentals have recently occurred for Phillips 66 (NYSE: PSX): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Phillips 66 (NYSE: PSX) has recently experienced meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 Appreciation Score of 71 and a good Power Rating of 80, leading to the Highest Value Trend Rating.
Recent Price Action
On 7/8/24, Phillips 66 (NYSE: PSX) stock declined modestly by -1.8%, closing at $135.95. However, below average trading volume at 70% of normal accompanied the decline. The stock has declined -2.5% during the last week but has been strong relative to the market over the last nine months.
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