Phillips 66: Crossing key moving averages (NYSE:PSX)

by Josh Phillips 66 ($PSX) shares opened down on earnings this morning, with an opening trade price of $57.32 down $1.15 or about 2%. Shares briefly traded down to $57.13 right above the 200 day EMA before quickly turning around and trading higher with Phillips 66 ($PSX) last at $60.99 up 4.33% on a volume of 3,850,370 shares.

Phillips 66 shares have been in consolidation since June and are looking to test the 50 day moving average, currently at $61.14.

52 Week Range $37.51-$70.52 Market Cap 37,717,448,103 Average Volume 3,801,405 Dividend Yield 2.14% Institutional Ownership 17.70% Insider Ownership: 0.00% Percentage of Float Short 1.10% Beta 1.63

Phillips 66 Phillips 66 is a downstream energy company. The Company’s segment includes Refining and Marketing (R&M), Midstream and Chemicals businesses. Its Chemicals business is conducted through its 50% interest in Chevron Phillips Chemical Company LLC.

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