Phillips 66 (PSX): What’s the Story?

Phillips 66 (PSX) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Refining & Marketing. The stock has been active on the tape, currently trading at $101.15, down from yesterday’s close by -0.79%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Phillips 66 (PSX) currently trades with a market capitalization of $51.67 Billion. That value represents a market adjusting for revenues that have been growing by 19.66 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $278 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.2 on a per share basis this quarter. Perhaps, that suggests something about why 0.08% of the outstanding share supply is held by institutional investors.



Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Phillips 66 recorded a 52-week high of $102.43. It is now trading 1.28% off that level. The stock is trading $95.66 its 50-day moving average by -5.49%. The stock carved out a 52-week low down at $75.14.

In recent action, Phillips 66 (PSX) has made a move of +3.68% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.32% with $506.06 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PSX.

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