Phillips 66 Stock Climbs 12% On A 7-Day Winning Streak
Phillips 66 (PSX) stock is on a 7-day winning streak, up 11.6% since the run began. That added about $11.8 billion to the company’s market value, which now stands at about $112.9 billion. The stock closed at $281.60 on Thursday, October 8, its highest close of the past year.
PSX Versus The S&P 500
Returns for PSX and the S&P 500 over the streak and the periods around it, all ending Thursday, October 8 and including dividends:
| Return Period | PSX | S&P 500 |
|---|---|---|
| 1 Day | 3.7% | -0.5% |
| 7 Days (Current Streak) | 11.6% | 1.3% |
| 1 Month (21 Trading Days) | 8.0% | 1.8% |
| 3 Months (63 Trading Days) | 50.3% | 2.8% |
| Year To Date | 122.8% | 14.4% |
| 1 Year (252 Trading Days) | 119.0% | 17.0% |
A Stock-Specific Run, Or A Market Move?
The market explains little of this: the S&P 500 gained 1.3% over the same 7 sessions, including dividends, against Phillips 66’s +11.6%. 1 other S&P 500 stock is currently on winning streaks of 7 days or longer. Over the past three months the stock is up 50.3%, a window that includes the streak; over the other 56 sessions of that window it was up 34.6%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue grew 14.4% over the last twelve months, against a median of 12.5% for S&P 500 Energy stocks; its operating margin is 4.6%, versus a median of 22.9%; and the stock trades at 15.9 times trailing earnings against a median of 17.5. The read is mixed: revenue growth above the median and a multiple below the median on one side, margins below the median on the other.
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One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
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