Two Stocks To Tuck Away: Phillips 66 (PSX), LKQ Corporation (LKQ)

    The shares of Phillips 66 (NYSE:PSX) has been pegged with a rating of Outperform by Cowen in its latest research note that was published on July 26th, 2019. The research company has also assigned a $115 price target. Cowen wasn’t the only research firm that published a report of Phillips 66, with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on June 21st, 2019, to Buy the PSX stock. The stock had earned Buy rating from BofA/Merrill when it published its report on April 29th, 2019. That day the BofA/Merrill set price target on the stock to $126. The stock was given Hold rating by Jefferies in its report released on April 15th, 2019, the day when the price target on the stock was placed at $107. Tudor Pickering was of a view that PSX is Buy in its latest report on February 8th, 2019. Piper Jaffray thinks that PSX is worth Overweight rating. This was contained in the firm’s report on January 10th, 2019.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $117.36. The price of the stock the last time has raised by 27.15% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 54.39.

    The shares of the company added by 1.45% during the trading session on Tuesday, reaching a low of $97.10 while ending the day at $99.74. During the trading session, a total of 2.27 million shares were traded which represents a 15.24% incline from the average session volume which is 2.68M shares. PSX had ended its last session trading at 98.31. Phillips 66 currently has a market cap of $44.86B, while its P/E ratio stands at 8.62, while its P/E earnings growth sits at 0.41, with a beta of 1.08. Phillips 66 debt-to-equity ratio currently stands at 0.46, while its quick ratio hovers at 0.80. PSX 52-week low price stands at $78.44 while its 52-week high price is $123.45.

    The company in its last quarterly report recorded $3.02 earnings per share which is above the $2.74 predicted by most analysts. The Phillips 66 generated $28,518.00 million in revenue during the last quarter, which is slightly higher than the $28,293.60 million predicted by analysts. In the second quarter last year, the firm recorded $0.40 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 86.75%. Phillips 66 has the potential to record 11.57 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Wellington Shields published a research note on July 26th, 2019 where it informed investors and clients that LKQ Corporation (NASDAQ:LKQ) is now rated as Gradually Accumulate. Citigroup also rated LKQ as Upgrade on June 21st, 2019, with its price target of $116 suggesting that LKQ could surge by 30.72% from its current share price. Even though the stock has been trading at $25.04/share, analysts expect it to surge higher by 1.24% to reach $36.59/share. It started the day trading at $25.72 and traded between $24.87 and $25.35 throughout the trading session.

    A look at its technical shows that LKQ’s 50-day SMA is 26.27 while its 200-day SMA stands at 27.04. The stock has a high of $34.74 for the year while the low is $22.74. The company’s P/E ratio currently sits at 18.95, while the P/B ratio is 1.63. At the moment, only of LKQ Corporation shares were sold short. The company’s average trading volume currently stands at 2.74M shares, which means that the short-interest ratio is just 3.46 days. Over the past seven days, the company moved, with its shift of -0.78%. Looking further, the stock has dropped -6.18% over the past 90 days while it lost -5.06% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more LKQ shares, increasing its portfolio by +0.63% during the last quarter. This move now sees The Vanguard Group Inc purchasing 195,921 shares in the last quarter, thus it now holds 31,341,417 shares of LKQ, with a total valuation of $844,024,360. BlackRock Fund Advisors meanwhile sold more LKQ shares in the recently filed quarter, changing its stake to $391,467,730 worth of shares. SSgA Funds Management Inc followed the path by increasing its LKQ portfolio by +3.19% in the quarter. This means that SSgA Funds Management Inc bought 415,821 shares in the last quarter and now controls 13,444,719 shares of the LKQ stock, with the valuation hitting $362,066,283.

    Similarly, Fidelity Management Research Co increased its LKQ Corporation shares by +13.17% during the recently filed quarter. After buying 1,298,918 shares in the last quarter, the firm now controls 11,158,631 shares of LKQ Corporation which are valued at $300,501,933. In the same vein, Norges Bank Investment Management increased its LKQ Corporation shares by during the most recent reported quarter. The firm bought 3,364,319 shares during the quarter which increased its stakes to 8,336,343 shares and is now valued at $224,497,717. Following these latest developments, around 0.70% of LKQ Corporation stocks are owned by institutional investors and hedge funds.