Phillips 66 (PSX) Ascends While Market Falls: Some Facts to Note

From Nasdaq: 2024-06-21 18:15:23

Phillips 66 (PSX) closed at $138.09, up 0.09%, outperforming S&P 500’s 0.16% loss. Shares lost 2.97% in the past month, narrower than the sector’s 3.96% loss. Earnings report expected on July 30, 2024 with $3.26 EPS, a 15.76% YoY decline, and $32.03 billion revenue, down 10.37% YoY.

Zacks Consensus Estimates project $11.80 EPS and $133.08 billion revenue for the full year. With a Zacks Rank of Hold, Phillips 66 has a Forward P/E ratio of 11.7, same as the industry average. The Oil and Gas – Refining and Marketing industry ranks 103/250+, in the top 41%.

Investors should monitor analyst forecast revisions closely, tied to stock movements. Check Zacks.com for stock metrics, analysis, and industry rankings. Keep an eye on Phillips 66 ahead of trading sessions. Don’t forget to use Zacks.com for actionable insights and investment guidance based on sound research strategy.



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