After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Phillips 66 (PSX) shows that investor sentiment remained same, with the stock’s consolidated last price to $116.09. The Phillips 66 has recorded 142,615 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Phillips 66 to Speak at BofA Securities Global Energy Conference 2023.
Stocks Info
Phillips 66 is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Refining & Marketing industry. At the end of the last regular session, the stock closed at $116.09 and fluctuated between $117.09 as its day high and $113.74 as its day low. The current market capitalization of Phillips 66 is $51.69B. A total of 3.34 million shares were traded on the day, compared to an average of 3.05M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PSX has seen 11 BUY and 7 SELL insider trades, representing the acquisition of 379,591 and the disposition of 360,648 shares. Over the last 12 months, there were 44 BUYs and 21 SELLs from insiders. Insiders purchased 517,249 shares during that period but sold 397,419.
In the most recent transaction, Roberts Timothy D. sold 12,970 shares of PSX for 124.41 per share on Sep 12. After the transaction, the Executive Vice President now owns 80,009 company shares. In a previous transaction on Sep 08, Mitchell Kevin J sold 30,800 shares at 120.97 per share. PSX shares that Exec. VP and CFO owns now total 103,803.
Among the insiders who sold shares, Pruitt Joseph Scott disposed of 7,000 shares on Sep 01 at a per-share price of $117.02. This resulted in the Vice President and Controller holding 6,682 shares of PSX after the transaction. In another insider transaction, Roberts Timothy D. sold 127,578 shares at $116.68 per share on Aug 11. Company shares held by the Executive Vice President now total 77,313.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Phillips 66 pays an annual dividend of $4.21, resulting in a dividend yield of 3.63%, and it has a price to earnings (P/E) ratio of 5.04. PSX’s most recent ex-dividend date was 11/16/2023 when it declared a $1.05 quarterly dividend that was paid in cash on 12/1/2023. Previously, the company paid the dividend on 9/1/2023 with an ex-dividend date of 8/17/2023. The PSX stock dividend was $1.05 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PSX in the last 3 months, the mean price target is $131.36 with high estimates of $146.00 and low estimates of $116.00. In terms of 52-week highs and lows, PSX has a high of $125.19 and a low of $89.74.
As of this writing, PSX has an earnings estimate of $4.76 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $5.02 per share and a lower estimate of $4.22. The company reported an EPS of $4.21 in the last quarter, which was 18.30% higher than expectations of $3.56.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PSX’s latest balance sheet shows that the firm has $3.15B in Cash & Short Term Investments as of fiscal 2021. There were $14.45B in debt and $12.80B in liabilities at the time. Its Book Value Per Share was $67.14, while its Total Shareholder’s Equity was $21.64B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSX is Buy with a score of 4.25.
