How to Buy Phillips 66 Stock
Phillips 66
Phillips 66 is a oil & gas refining & marketing company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker PSX on the NYSE exchange.
Phillips 66 stock last closed at $154.71, up 0.91% from the previous day, and has increased 50.12% in one year. It has overperformed other stocks in the Oil & Gas Refining & Marketing industry by 0.3 percentage points. Phillips 66 stock is currently +72.4% from its 52-week low of $89.74, and -11.13% from its 52-week high of $174.08.
There are currently 427.82M shares of PSX outstanding. The market value of PSX is $66.19B. In the past 24 hours, 2.75M PSX shares were traded.
How to Buy Phillips 66 Stock
Not sure how to invest in Phillips 66 stock? Here's how.
- Figure out where to buy Phillips 66 stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Phillips 66 stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your payment method and add your information.
- Research Phillips 66 stock: The Phillips 66 ticker symbol is PSX. Is Phillips 66 stock a good investment? Should you buy shares of PSX? How do PSX's underlying business fundamentals look? Do top analysts think Phillips 66 is a good buy? Why has PSX's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if PSX is a good stock to buy).
- Execute your PSX trade: Decide if you will purchase PSX shares at the current market price or use a limit order to purchase PSX stock at a particular price.
- Get the latest scoop on your investment in PSX: Create a watchlist to track your investment in Phillips 66 shares.
Step 1: Figure out where to buy Phillips 66 stock
You need an online brokerage account in order to access the NYSE market and buy PSX stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you can invest in PSX stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on app for stock market, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your investment account.
Step 4: Research Phillips 66 stock
Once you have identified the best place to buy Phillips 66 stock, it's absolutely critical to research their stock before you invest, so you can wrap your head around the risk and opportunity.
Phillips 66 shares at a glance
Phillips 66 Zen Score
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on PSX's stock page.
What is the fair value of PSX stock?
Analysts use many financial metrics, analyses, models, and charts to gauge PSX's intrinsic value.
Using relative valuations metrics:
- PSX could be overvalued based on its P/E ratio of 9.94x, relative to Oil & Gas Refining & Marketing industry P/E ratio of 8.56x
- PSX could be undervalued based on its P/B ratio of 2.16x, relative to Oil & Gas Refining & Marketing industry P/B ratio of 2.2x
- PSX could be overvalued based on its PEG ratio of 2.45x
You can access additional valuation research on PSX's stock here.
PSX Financial Overview
Pros:
- PSX's operating cash flow of $7.03B allows it to safely service it's debt of $19.36B.
- PSX earnings of $10.14B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the PSX balance sheet.
Cons:
- There are more long-term liabilities than short-term assets on the PSX balance sheet.
- PSX has a relatively high debt to equity ratio of 1.43.
- Total PSX debt is higher than 5 years ago, relative to shareholder equity.
- PSX profit margin has gone down from 6.3% to 4.7% in the past year.
Is it a good time to buy PSX stock, according to analysts?
Out of 11 Wall Street analysts who monitor PSX, the consensus analyst rating on PSX is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent PSX Analyst Ratings
John Royall, a top 15% analyst from JP Morgan maintains PSX with a strong buy rating and raises their PSX price target from $149.00 to $167.00, on Apr 1, 2024.
Neil Mehta, a top 5% analyst from Goldman Sachs maintains PSX with a strong buy rating and raises their PSX price target from $152.00 to $174.00, on Mar 22, 2024.
Doug Leggate, a top 8% analyst from Bank of America maintains PSX with a hold rating and raises their PSX price target from $150.00 to $180.00, on Mar 15, 2024.
Justin Jenkins, a top 1% analyst from Raymond James maintains PSX with a buy rating and raises their PSX price target from $140.00 to $155.00, on Feb 1, 2024.
Jason Gabelman, a top 15% analyst from TD Cowen maintains PSX with a buy rating and raises their PSX price target from $134.00 to $150.00, on Dec 4, 2023.
You can dive deeper into what analysts are projecting on the Phillips 66 stock forecast page.
PSX Trading Indicators
Is PSX Making Money?
Last year, PSX earnings were $7.02B. Over the past 5 year, PSX's earnings have gone up by 5.56% per year. This was slower than the Oil & Gas Refining & Marketing industry average of 21.21%.
Last year, PSX revenue was $149.89B. During the last five year, PSX's revenue has gone up by 5.59% per year. This was slower than the Oil & Gas Refining & Marketing industry average of 7.37%.
Find out more about PSX's earnings and revenue performance here.
Latest Insiders Trades at PSX
Over the last year, insiders at PSX have bought more shares than they have sold.
Gregory Hayes, Director of PSX, was the latest PSX insider to buy. They bought $11,368.70 worth of PSX shares on Apr 1, 2024.
Learn more about who owns PSX shares here.
Does PSX provide a stable income stream?
Phillips 66 pays a dividend of 2.71%, compared to the Oil & Gas Refining & Marketing industry's average dividend yield of 6.58%. If you owned $1,000 of PSX stock, you would have received $27.15 last year.
Phillips 66 dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Phillips 66 dividend yield and history here.
What others are saying about PSX
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your PSX trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Hit the Open button and eToro will execute the order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in PSX
Now that you own some shares in PSX, you'll want to stay up-to-date on your investment.
Start a watchlist to see the latest developments about your PSX stock.
PSX Feed
How to Buy Stock in Phillips 66
To summarize, here are the 6 steps you need to take to buy Phillips 66 stock right now:
- Figure out where to buy Phillips 66 stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Phillips 66 stock
- Execute your PSX trade
- Get the latest scoop on your investment in PSX
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your new investment in Phillips 66, create a watchlist today.
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