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Phillips 66 (PSX) Stock: Do Analysts Think You Should Sell?

Friday, September 22, 2023 02:29 PM | InvestorsObserver Analysts

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Phillips 66 (PSX) Stock: Do Analysts Think You Should Sell?

InvestorsObserver is giving Phillips 66 (PSX) an Analyst Rating Rank of 47, meaning PSX is ranked higher by analysts than 47% of stocks. The average price target for PSX is $130.769 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.2
Wall Street analysts are rating PSX a Strong Buy today. Find out what this means to you and get the rest of the rankings on PSX!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Phillips 66 Stock Today?

Phillips 66 (PSX) stock is trading at $119.19 as of 2:29 PM on Friday, Sep 22, a loss of -$0.73, or -0.61% from the previous closing price of $119.92. The stock has traded between $118.60 and $121.70 so far today. Volume today is light. So far 1,215,863 shares have traded compared to average volume of 3,146,295 shares. Click Here to get the full Stock Report for Phillips 66 stock.

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