PSX - Phillips 66
| Previous Close | 92.54 |
| Open | 93.19 |
| Bid | 92.81 x 800 |
| Ask | 92.91 x 1200 |
| Day's Range | 92.17 - 93.27 |
| 52 Week Range | 89.14 - 123.97 |
| Volume | 218,814 |
| Avg. Volume | 2,870,949 |
| Market Cap | 42.626B |
| Beta (3Y Monthly) | 0.86 |
| PE Ratio (TTM) | 6.86 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.20 (3.31%) |
| Ex-Dividend Date | 2018-11-16 |
| 1y Target Est | N/A |
- Market Realist•59 minutes ago
Analyzing MPC, VLO, PSX, and HFC’s Valuations
In the previous part, we reviewed refining stocks’ dividend yield trends. Now, we’ll discuss Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO), and Phillips 66’s (PSX) forward valuations. These refiners’ average forward EV-to-EBITDA multiple and average forward PE multiple are 5.8x and 9.0x, respectively.
- Market Realist•2 hours ago
Where Do MPC, VLO, PSX, and HFC’s Dividend Yields Stand?
Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and HollyFrontier (HFC) have paid dividends regularly in the past few years. Before we discuss their dividend yields, let’s look at their dividend payments in the fourth quarter.
- Market Realist•2 hours ago
How Have Phillips 66’s Refining Yields Trended in Q3 2018?
The refining yield shows the volumes of various refined products produced. Higher complexity refineries (with more and advanced oil processing units) produce a higher amount of lighter refined products like gasoline. Lighter refined products fetch higher realizations than the heavier ones. So, the higher the production of lighter products, the higher refiners’ revenues will be.
- Market Realist•19 hours ago
MPC, HFC, VLO, and PSX’s Forecast until December 31
So far, the implied volatilities in refining stocks have risen in the fourth quarter. The implied volatility in Marathon Petroleum (MPC) has increased by 11.7 percentage points since October 1 to the current level of 39.3%—the highest rise among its peers. The implied volatility in Phillips 66 (PSX) has risen by 9.1 percentage points to 29.5%.
- Market Realist•21 hours ago
Analyzing Valero Energy and Phillips 66’s Moving Averages
So far in the fourth quarter, Marathon Petroleum (MPC), Valero Energy (VLO), HollyFrontier (HFC), and Phillips 66 (PSX) have fallen. We discussed the stocks’ returns in the previous part. In this part, we’ll discuss the trend in their moving averages.
Market Realist•22 hours agoBrent-WTI Spread Is Contracting: Will Refining Stocks Fall?
On November 19, Brent crude oil January futures settled ~$9.6 higher than the WTI crude oil January futures. On November 12, the spread was at ~$10. Between November 12 and November 19, Brent crude oil January futures fell 4.7%, which was ten basis points less than the fall in WTI or US crude oil January futures.
- Market Realist•22 hours ago
Refining Stocks: MPC, HFC, VLO, and PSX Have Fallen in Q4 2018
So far in the fourth quarter (since October 1), Valero Energy (VLO) stock has fallen 26.3%—the highest among its peers including Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC). So far, Marathon Petroleum, Phillips 66, and HollyFrontier have declined 20.6%, 15.6%, and 8.2%, respectively, in the fourth quarter. The SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index, has fallen 6.2% in the fourth quarter.
- Market Realist•23 hours ago
These Regions Enhanced Phillips 66’s Refining Margin in Q3 2018
In this article, we’ll look at the region-wise realized refining margins. Phillips 66’s worldwide refining margin rose by $2.9 per barrel, or 27% YoY, to $13.4 per barrel in Q3 2018, which was due to the rise in refining margins in three of its four operating regions. The Central Corridor region rose the most by $9.6 per barrel or 68% YoY to $23.6 per barrel in Q3 2018. The area accounted for 26% of Phillips 66’s oil throughput in Q3 2018, the second-highest compared to other regions.
- Market Realist•yesterday
Has Phillips 66 Created a Diversified Earnings Model?
In the previous part of this series, we discussed Phillips 66’s (PSX) improving liquidity position. In this part, we look at Phillips 66’s evolving segmental dynamics. Phillips 66’s Refining segment, which contributed 16% to overall earnings in Q1 2018, contributed 63% in Q3 2018.
- Market Realist•yesterday
How Is Phillips 66’s Liquidity Position in 2018?
Phillips 66’s (PSX) cash from operations doubled year-over-year to $3.4 billion in the first nine months of 2018. In the same period, Phillips 66’s cash outflows from investing activities rose from $0.7 billion to $1.5 billion. Phillips 66’s cash outflows from financing rose steeply by 85% YoY to $4.1 billion in the first nine months.
- Moody's•2 days ago
DCP Midstream Operating LP -- Moody's changes DCP Midstream's rating outlook to positive
Moody's Investors Service (Moody's) changed the rating outlook for DCP Midstream, LP (DCP) and DCP Midstream Operating LP to positive from stable. Moody's also affirmed the ratings at DCP, including the Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating, B1 rating on the perpetual preferred units and SGL-3 Speculative Grade Liquidity (SGL) Rating.
- Market Realist•2 days ago
Has Phillips 66’s Debt Position Improved?
Phillips 66’s (PSX) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) stood at 2.0x in Q3 2018, higher than the average peer ratio of 1.2x. The peer average considers six American refining companies. The ratio displays a firm’s debt as a multiple of its earnings.
- Market Realist•2 days ago
Why Wall Street Analysts Have Mixed Opinions about Phillips 66
Phillips 66’s mean price target of $130 per share implies around a 36% gain from the current level. Half of Wall Street analysts have “hold” ratings on Phillips 66 stock, which could be due to Phillips 66’s high valuations.
- Market Realist•2 days ago
Phillips 66 Focuses on Integrated Growth Model
Phillips 66’s (PSX) capex stood at $779 million in the third quarter of 2018. In Q3 2018, in the refining segment, Phillips 66 incurred capex on modernization and sustenance spending. Also, Phillips 66 is setting up a 25,000-barrel-per-day isomerization unit at Lake Charles Refinery, which is expected to be completed by Q3 2019.
Motley Fool•3 days agoTop Stocks Warren Buffett Just Sold
The Oracle of Omaha has soured on these stocks, and perhaps you should, too.
- Investopedia•5 days ago
When to Short Oil and Gas Refinery Stocks
Solid third quarter earnings from the major oil and gas refiners haven't fended off tanking oil prices and a "risk-off" market environment that saw global equities sell off sharply in October. Warren Buffet's Berkshire Hathaway Inc. ( BRK.B) disclosed in June that it had reduced its holdings by 36% in the Houston-based company.
- Zacks•5 days ago
Phillips 66 (PSX): The Perfect Mix of Value and Rising Earnings Estimates?
Phillips 66 (PSX) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- Motley Fool•5 days ago
Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here's the Big Takeaway
Berkshire Hathaway continues to shrink its stake in Phillips 66. That doesn't mean we little guys should follow suit.
- Kiplinger•6 days ago
10 Stocks Warren Buffett Is Buying (And 6 He's Selling)
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B, $216.03), took a few more bites of Apple (AAPL) stock in the most recent quarter. But the big news is that he's bonkers for bank stocks. Berkshire Hathaway added to or bought new stakes in five of the nation's largest commercial banks in the third quarter ended Sept. 30. The holding company also made bets on investment banking, custodial banking and insurance. In addition to finding value in select pockets of the financial sector, the Oracle of Omaha also made a surprising new bet on a technology stock. The world's greatest value investor made several noteworthy moves in the third quarter, according to a new Berkshire Hathaway 13F regulatory filing. (Large investors such as Berkshire are required to disclose their holdings to the Securities and Exchange Commission every three months.) The biggest changes to Berkshire's portfolio came in the form of additional stakes and new investments as the company seeks to deploy a hoard of cash that stood at more than $100 billion at the end of the September quarter. But Berkshire also did a little trimming. Since it can be instructive to see what Buffett has been up to, we took a closer look at what Berkshire has been buying and selling. Keep in mind that not all "Warren Buffett stocks" are actually his picks - some smaller positions are believed to be handled by lieutenants Ted Weschler and Todd Combs. That said, here are the most notable recent changes to Berkshire Hathaway's stock holdings. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
- Zacks•6 days ago
The Zacks Analyst Blog Highlights: Spirit, EnLink, Phillips 66 and Air France
The Zacks Analyst Blog Highlights: Spirit, EnLink, Phillips 66 and Air France
- Market Realist•7 days ago
MPC, VLO, or PSX: Who Had Better Refining Yields in Q3 2018?
The refining yield shows the quantity and quality of various refined products produced. In the third quarter, Valero Energy’s (VLO) gasoline production stood at 47% of its total refined products produced, higher than Marathon Petroleum’s (MPC) and Phillips 66’s (PSX) gasoline productions. Valero’s distillate production stood at 38%, leaving its other production at only 15%, the lowest compared to MPC and PSX.
- Zacks•7 days ago
4 Top Stocks to Gain as Oil Enters Bear Market
Oil movements are quite a chaos right now, thanks to ramped-up production around the globe and weakening demand, particularly from developing economies.
- Market Realist•7 days ago
Who among MPC, VLO, HFC, and PSX Has the Highest Refining Margin?
In this article, we’ll compare the gross refining margins of leading American downstream companies. HollyFrontier (HFC) scored the highest gross refining margin in the third quarter, followed by Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO).
- Motley Fool•8 days ago
This Oil Stock Is Taking a Couple of Shots at a $321 Billion Opportunity
Phillips 66 has a few more interesting projects in the pipeline.
- Market Realist•8 days ago
Comparing Analysts’ Ratings for MPC, VLO, HFC, and PSX after Q3
Now let’s review analysts’ ratings for downstream companies after their third-quarter earnings results.
