Phillips 66 Short Interest Up 39.9% in May (PSX)
Phillips 66 (NYSE:PSX) was the recipient of a significant increase in short interest in May. As of May 30th, there was short interest totalling 11,263,776 shares, an increase of 39.9% from the May 15th total of 8,049,425 shares, Analyst Ratings.Net reports. Based on an average daily volume of 3,192,195 shares, the short-interest ratio is presently 3.5 days. Approximately 2.0% of the shares of the stock are short sold.
A number of analysts have recently weighed in on PSX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Phillips 66 in a research note on Friday. They now have a $90.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phillips 66 in a research note on Wednesday, June 4th. They now have a $68.00 price target on the stock, up previously from $52.00. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Phillips 66 in a research note on Thursday, May 1st. They now have a $84.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.
Shares of Phillips 66 (NYSE:PSX) opened at 85.94 on Monday. Phillips 66 has a 52-week low of $54.80 and a 52-week high of $86.28. The stock’s 50-day moving average is $83.48 and its 200-day moving average is $78.20. The company has a market cap of $48.629 billion and a price-to-earnings ratio of 13.33.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. During the same quarter in the previous year, the company posted $2.19 earnings per share. Analysts expect that Phillips 66 will post $7.33 EPS for the current fiscal year.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
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