Why Phillips 66 Stock Plunged 18% in February [The Motley Fool]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: The Motley Fool
Why Phillips 66 Stock Plunged 18% in February Demand concerns weighed on the oil refiner last month. Shares of refining company Phillips 66 ( NYSE:PSX ) tumbled 18.1% in February, according to data provided by S&P Global Market Intelligence . The main issue weighing on the stock was the COVID-19 outbreak, which is starting to sap demand for oil. That more than offset some positive developments last month. Crude oil prices cratered at the end of February due to concerns that the spreading COVID-19 outbreak was hurting demand for refined products. Because of that, refining margins will likely weaken until consumption starts picking back up after fears fade. That's bad news for Phillips 66, which battled against challenging market conditions during the fourth quarter . Despite its near-term challenges, Phillips 66 announced some positive developments last month. It sold its 50% stake in the Liberty Pipeline development to its master limited partnership Phil
Show less
Read more
Impact Snapshot
Event Time:
PSX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSX alerts
High impacting Phillips 66 news events
Weekly update
A roundup of the hottest topics
PSX
News
- Phillips 66's (NYSE:PSX) Stock Been Rising: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE: PSX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Phillips 66 (PSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- PSX's page on the SEC website