Stock of the Day

Phillips 66 (PSX)

$112.12

-$0.37 (-0.3%)

Market Cap: $45.83B

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).

The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Phillips 66 Bull Case

Here are some ways that investors could benefit from investing in Phillips 66:

• The current stock price is around $114, reflecting a stable market position and potential for growth.
• Phillips 66 has a strong market capitalization of approximately $46.57 billion, indicating a solid financial foundation and investor confidence.
• Recent insider activity shows a director increasing their stake in the company, which can signal confidence in the company's future performance.
• Analysts have given Phillips 66 a consensus rating of "Moderate Buy," suggesting that many believe the stock has potential for appreciation.
• The company has a manageable debt-to-equity ratio of 0.62, indicating a balanced approach to leveraging debt for growth while maintaining financial stability.

Phillips 66 Bear Case

Investors should be bearish about investing in Phillips 66 for these reasons:

• The company recently reported a loss in earnings per share, missing consensus estimates, which may raise concerns about profitability.
• Price targets from analysts have been lowered, indicating a potential decrease in expected future performance.
• Phillips 66 has experienced significant fluctuations in stock price over the past year, which may indicate volatility and risk for investors.
• With a price-to-earnings ratio of around 23.16, the stock may be considered overvalued compared to industry peers, suggesting caution for new investors.
• Recent changes in institutional holdings, including a significant decrease by Wellington Management Group, could indicate a lack of confidence from major investors.

Recent News

• Phillips 66 (PSX) Stock Moves -0.22%: What You Should Know (finance.yahoo.com)
• Charles Schwab, Arbor Realty, Iron Mountain, Phillips 66, and Joby Aviation: Major Stock Moves Unveiled! (tipranks.com)