|Bid||98.84 x 1000|
|Ask||98.81 x 2900|
|Day's Range||97.67 - 99.10|
|52 Week Range||78.44 - 121.55|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||8.53|
|Earnings Date||Oct 24, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.60 (3.69%)|
|1y Target Est||118.67|
A U.S. government report reveals that crude inventories rose by 1.6 million barrels for the week ending Aug 9, very different to the 2.7 million barrels drawdown that energy analysts had expected.
Phillips 66 (NYSE:PSX) is about to trade ex-dividend in the next 4 days. This means that investors who purchase shares...
On CNBC's "Mad Money Lightning Round," Jim Cramer said Dropbox Inc (NASDAQ: DBX ) is doing well, but the stock is doing badly. He added that it would be a steal under $20. Arthur J Gallagher ...
MPC stock performed in line with the equity market and its peers on Thursday. The SPDR S&P; 500 ETF (SPY), which represents the S&P; 500 Index, fell 0.9%.
While Marathon Petroleum (MPC) posts better-than-expected results in Q2, the bottom-line declines y/y amid softer contribution from the Refining & Marketing segment, as well as higher costs.
On July 26, Phillips 66 (PSX) stock performed in line with its peers and the equity market. SPY, which represents the S&P 500 Index, rose 0.7%.
Earnings from midstream segment for Phillips 66, which has both wholly owned and joint venture operations, rose nearly 78% to $423 million in the second quarter ended June 30. The company's refining margin shrank 7.4% to $11.37 per barrel due to a shortage of low-cost heavy crude, but beat Credit Suisse estimates for pretax refining income by 8.5%. Phillips 66 has an edge over its peers as it is running light sweet crude at two of its three refineries in the Gulf Coast, which is short heavy sour barrels, Credit Suisse analyst Manav Gupta said.
U.S. refiner Phillips 66 reported a 4.3% rise in quarterly adjusted profit on Friday as it earned more by shipping crude through its pipelines, which more than offset a fall in refining margins. A surge in output has led oil producers to scramble for takeaway capacities, which has benefited pipeline operators, including Phillips 66, which has both wholly owned and joint venture operations. Refiners in the United States have been struggling to find cheap sources of heavy crude due to factors including Alberta's output cuts, sanctions on Venezuela and Iran as well as the OPEC's pull back on production.