Summary
The Momentum Growth Quotient for the company is 3.66, which is 64.3% lower than the average for the S&P 100.
Shares present a forward rate of return of -4.09% at current price.
The company is not performing as a top-of-class oil and gas distributor, and the shares do not warrant a higher premium to its peers.
ChartMasterPro downward target price of $96.00.
Shares of Phillips 66 (PSX) are up 24.90% since bottoming on February 21, 2018, and in my opinion, now is a good time to lock in any gains you may have and sell the shares. The company has struggled to generate consistent earnings over the last five years, and the forward-looking ratios point to future weakness. I lay out my bearish argument for the company below by reviewing some pertinent fundamental and technical aspects of the stock.
