PSX - Phillips 66
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 63.09 |
| Open | 61.37 |
| Bid | 60.01 x 1000 |
| Ask | 65.99 x 800 |
| Day's Range | 60.59 - 63.10 |
| 52 Week Range | 40.04 - 119.92 |
| Volume | 5,835,880 |
| Avg. Volume | 3,463,541 |
| Market Cap | 27.083B |
| Beta (5Y Monthly) | 1.61 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.70 |
| Earnings Date | Oct 23, 2020 - Oct 27, 2020 |
| Forward Dividend & Yield | 3.60 (5.80%) |
| Ex-Dividend Date | Aug 17, 2020 |
| 1y Target Est | 83.89 |
- Motley Fool
Brutal Market Conditions Torpedoed This Refining Stock's Second-Quarter Earnings
Government shutdowns to help slow the spread of COVID-19 caused demand for refined petroleum products to fall off a cliff during the second quarter. Because of that, refiners like Phillips 66 (NYSE: PSX) had to reduce production to avoid filling the country's dwindling storage capacity to the brim.
- Motley Fool
Phillips 66 (PSX) Q2 2020 Earnings Call Transcript
PSX earnings call for the period ending June 30, 2020.
- Motley Fool
Phillips 66 Partners LP (PSXP) Q2 2020 Earnings Call Transcript
Image source: The Motley Fool. Phillips 66 Partners LP (NYSE: PSXP)Q2 2020 Earnings CallJul 31, 2020, 2:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to Second Quarter 2020 Phillips 66 Partners Earnings Conference Call.
- Zacks
Phillips 66 (PSX) Q2 Earnings Beat on Lower Operating Costs
Phillips 66's (PSX) West Coast retail marketing JV acquires 95 sites in the second quarter, which are likely to boost its exposure to retail margins.
- Zacks
Phillips 66 (PSX) Reports Q2 Loss, Lags Revenue Estimates
Phillips 66 (PSX) delivered earnings and revenue surprises of 25.25% and -25.05%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Phillips 66 Reports Second-Quarter 2020 Financial Results
Phillips 66, a diversified energy manufacturing and logistics company, announces a second-quarter 2020 loss of $141 million...
- Moody's
Whatcom County S.D. 502 (Ferndale), WA -- Moody's assigns Aa2 underlying, Aaa enhanced to Ferndale SD No. 502, WA's 2020 GO bonds
Moody's Investors Service has affirmed the Aa2 underlying ratings on the Whatcom County School District No. 502 (Ferndale), Washington's general obligation unlimited tax (GOULT) bonds. Concurrently we assigned Aa2 underlying ratings to the district's $28.6 million Unlimited Tax General Obligation Bonds, 2020.
- Benzinga
Earnings Preview for Phillips 66
Phillips 66 (NYSE: PSX) unveils its next round of earnings this Friday, July 31. Here is Benzinga's everything-that-matters guide for the earnings announcement.Earnings and Revenue Based on Phillips 66 management projections, analysts predict EPS of $-0.92 on revenue of $15.37 billion. In the same quarter last year, Phillips 66 reported EPS of $3.02 on revenue of $28.52 billion. The analyst consensus estimate would represent a 130.46% decline in the company's EPS figure. Sales would have fallen 21.7% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate 0.61 1.67 2.59 2.74 EPS Actual 1.02 1.54 3.11 3.02 Revenue Estimate 19.63 B 27.93 B 27.79 B 28.29 B Revenue Actual 21.24 B 29.61 B 27.77 B 28.52 B Stock Performance Over the last 52-week period, shares are down 36.9%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.View more earnings on PSXDon't be surprised to see the stock move on comments made during its conference call. Phillips 66 is scheduled to hold the call at 12:00:00 ET and can be accessed here: https://event.on24.com/wcc/r/2400305/1E84A63FF389D6F66E291CB15DCA00F0See more from Benzinga * Phillips 66's Debt Overview * Benzinga's Top Upgrades, Downgrades For June 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
Earnings Preview for Phillips 66 Partners
Phillips 66 Partners (NYSE: PSXP) announces its next round of earnings this Friday, July 31. Here is Benzinga's everything-that-matters guide for this Friday's Q2earnings announcement.Earnings and Revenue Phillips 66 Partners EPS is expected to be around $0.74, according to sell-side analysts. Sales will likely be near $365.82 million. In the same quarter last year, Phillips 66 Partners reported earnings per share of $1.15 on sales of $401.00 million. Analysts estimate would represent a 35.65% decrease in the company's earnings. Sales would be down 11.16% on a year-over-year basis. Phillips 66 Partners's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate 0.93 0.96 0.97 1.02 EPS Actual 0.93 1.06 1.15 1.15 Revenue Estimate 411.79 M 418.15 M 405.49 M 393.39 M Revenue Actual 404.00 M 432.00 M 411.00 M 401.00 M Stock Performance Over the last 52-week period, shares are down 46.26%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.View more earnings on PSXPDon't be surprised to see the stock move on comments made during its conference call. Phillips 66 Partners is scheduled to hold the call at 14:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Funitholder.phillips66partners.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2400325&sessionid=1&key=4C21E895A41254DA4B3F696018E716BE®Tag=&sourcepage=registerSee more from Benzinga * Spectrum Brands Holdings's Earnings Outlook * VF Earnings Preview * A Preview Of ITT's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Oil & Gas Q2 Earnings to Watch on Jul 31: XOM, CVX, PSX & IMO
The partial recovery of oil price in Q2 is likely to have lent some support to the upstream business.
- Zacks
Phillips 66 (PSX) Gears Up for Q2 Earnings: What's in Store?
Phillips 66's (PSX) second-quarter results are likely to be affected by lower crude utilization in some refineries.
- Zacks
Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for
Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Motley Fool
3 Hated Dividend Stocks to Buy Now
Dividends have been under intense pressure this year. More than 175 publicly traded companies have either slashed their payout by more than 50% or suspended it all together. Three of these hated dividend stocks are MLP Crestwood Equity Partners (NYSE: CEQP), office REIT Boston Properties (NYSE: BXP), and refining giant Phillips 66 (NYSE: PSX).
- Benzinga
Phillips 66's Debt Overview
Shares of Phillips 66 Inc. (NYSE: PSX) moved higher by 2.93% in the past three months. Before we understand the importance of debt, let's look at how much debt Phillips 66 has.Phillips 66's Debt Based on Phillips 66's balance sheet as of May 1, 2020, long-term debt is at $10.72 billion and current debt is at $2.24 billion, amounting to $12.96 billion in total debt. Adjusted for $1.22 billion in cash-equivalents, the company's net debt is at $11.74 billion.Shareholders look at the debt-ratio to understand how much financial leverage a company has. Phillips 66 has $53.46 billion in total assets, therefore making the debt-ratio 0.24. Generally speaking, a debt-ratio more than 1 means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 40% might be higher for one industry, whereas average for another.Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For June 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
Why Energy Companies Like Phillips 66, Centennial Resource Development, and Halliburton All Jumped Higher on July 21
Gains were spread across the energy industry today, with investors' good mood driven by multiple factors.
- TipRanks
3 “Strong Buy” Dividend Stocks With Payouts Over 5%
Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is going to pay for all of this.Making matters worse, according to the government, there is only enough money to pay social security benefits until 2035. After that, benefits are expected to be reduced. So, the writing is on the wall, lots of government spending and underfunded social security add up to you supplementing your retirement income.One way to generate income is to assemble a portfolio of dividend stocks. Using TipRanks’ database, we identified three yielding over 5% that are backed by enough Wall Street analysts to earn a “Strong Buy” consensus rating. Moreover, these stocks have an upside potential starting at 22%. Phillips 66 (PSX)The first company on our list is Phillips 66, an oil refiner with a $28.6 billion market cap. Besides refining, the company also generates significant revenue from its Midstream, Chemicals, and Marketing and Specialties segments.The oil industry has been battered by the COVID-19 pandemic. Demand for refined products like gasoline and jet fuel plummeted because people are working from home and air travel is limited. Despite all of this, Phillips 66 was profitable in the first quarter, generating adjusted earnings of $450 million. The gain was attributed to the company’s non-refining segments.In a recent research report, J.P. Morgan analyst Phil Gresh commented on the company’s diversification: “While PSX has not been immune to this challenging energy macro environment, we believe that this first major recessionary test of PSX’s business model should end up demonstrating the resilience of its diversified and well-integrated portfolio.”Turning to Phillips 66’s dividend, it pays $3.50 per year and currently yields a healthy 5.8%. Despite the challenging industry conditions, the five-star analyst believes the dividend is safe. “We also like management’s capital discipline, with an increasing free cash flow wedge in 2021 plus that should limit any potential damage to the balance sheet from the recession,” he stated.Accordingly, Gersh rates PSX an Overweight (i.e. Buy), along with a $98 price target, which implies a generous one-year upside potential of 42%. (To watch Gresh’s track record, click here) In general, the analyst community agrees with Gresh. Phillips 66 has a Strong Buy consensus rating based on 13 Buy ratings, 3 Holds and no Sells. The average price target is $88.93, which adds up to upside potential of 36% from current levels. (See PSX stock analysis on TipRanks)Marathon Petroleum (MPC)Next up we have another giant oil refiner, Marathon Petroleum Corporation, with a $24.4 billion market cap. Like Phillips 66, Marathon Petroleum operates other businesses as well, namely Retail and Midstream. These businesses provide the company with diversification to balance out its volatile refining business.Consistent with the industry, Marathon Petroleum’s refining business has been hurt by the COVID-19 pandemic. In response, management announced it will reduce capital expenditures by $1.4 billion, along with other liquidity enhancing measures. In addition, the company is planning to spin-off its Retail Speedway gas station business, after its deal to sell the business for $22 billion was cancelled due to COVID-19.Analyst Roger Read, of Wells Fargo, weighed in on the likely proceeds from a spin-off: “We estimate MPC would acquire approximately $5.5 billion of cash via a dividend paid by the Retail unit upon the spin-off date. We assume the cash would be used to de-lever MPC.”These actions give investors confidence that Marathon will be able to maintain its dividend, which yields 6%. Read explained why he feels the dividend payment is on solid ground. “Based on attractive shareholder returns, merger-related synergies, capital discipline, and cash flow yield, we maintain a positive outlook on MPC. We expect predicted free cash flow will be directed to share repurchases and growing the dividend,” he noted.In line with his bullish stance, Read reiterated his Overweight (i.e. Buy) rating on Marathon, and keeps a $51 price target, which suggests considerable upside potential of 36%. (To watch Read’s track record, click here)Overall, other Wall Street analysts are on the same page as Read. Marathon gets a Strong Buy consensus rating, with 8 Buy ratings, 2 Holds and no Sells. The average price target is $46.10, which represents upside potential of 23%. (See MPC's stock analysis on TipRanks)VICI Properties Inc (VICI)Rounding out our list is VICI Properties, a gaming and hospitality real estate investment trust, with a $11.3 billion market cap. The company leases properties to established gaming and hospitality operators such as Caesars Entertainment Corporation and Century Casinos Inc.Due to COVID-19, major casinos and hotels shut their doors, including all 28 of VICI’s leased properties. As casinos start to reopen, it remains unclear whether, and at what pace, gamblers will return. Nevertheless, despite being closed, VICI’s tenants payed their rent in full for the months of April and May, and management expects rent for June will also be paid in full.Writing for Wolfe Research, analyst Jared Shojaian spelled out why he feels VICI’s cash flow will remain stable. “VICI leases properties to five gaming tenants through a triple-net lease structure, which means the tenants pay all the expenses, including taxes, insurance, and capital expenditures. Those tenants pay rent to VICI, and currently nearly all of that rent is fixed. Total lease payments should be highly predictable, we think even in this environment, because we believe VICI’s tenants have adequate liquidity, and gaming revenues are typically more resilient than perceived,” he explained.Stable and reliable cash flow provide comfort that VICI can maintain its current dividend of $1.16 per year. This amounts to a dividend yield of 5.9%. Additionally, Shojaian thinks that the share price represents a good entry point. “VICI is down 23% from its February high, which seems like an opportunity to us,” he said.In addition to initiating coverage with an Outperform (i.e. Buy) rating, Shojaian set a $29 price target, which translates to sizable upside potential of 37%. (To watch Shojaian’s track record, click here)Looking at the consensus breakdown, other analysts like what they’re seeing. VICI’s Strong Buy consensus rating breaks down into 9 Buy ratings and no Holds or Sells. The average price target is $26.83, which signifies upside potential of 30%. (See VICI stock-price forecast on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- Motley Fool
3 Reasons to Buy Oil Stocks Right Now
Three key reasons make oil stocks attractive right now. After some real tough months, U.S. economic activity is showing a nice pick-up. Globally as well, the economic activity is picking up, though the countries are at different stages of recovery.
- Motley Fool
Why This Top Oil Stock Crashed 35.5% in the First Half of 2020
Shares of oil refiner Phillips 66 (NYSE: PSX) tumbled 35.5% in the first six months of 2020, according to data provided by S&P Global Market Intelligence. Government responses to the coronavirus pandemic have been particularly hard on stocks of oil refiners. Susan Patricia Griffith, CEO of auto insurer Progressive, estimated that vehicle miles traveled in the U.S. declined by 40% in March.
- Motley Fool
S&P 500 Down 17 points: 1.3 Million More Jobless, Oil Stocks Crashing, COVID Cases Climbing
The S&P 500 Index (SNPINDEX: ^GSPC) is down 17 points, or 0.6% on July 9, following multiple bad pieces of news. The government's weekly petroleum report showed a massive build in inventories, sending oil stocks, including Hess Corp (NYSE: HES), Apache Corp (NASDAQ: APA), Phillips 66 (NYSE: PSX), and ConocoPhillips (NYSE: COP), down between 5.6% and 7.6%.
- GuruFocus.com
3 Long-Term Payers Announce Dividends
They have grown their dividends significantly in recent years Continue reading...
- Business Wire
Phillips 66 Board Appoints New Director
The board of directors of Phillips 66 has appointed Julie L. Bushman to serve as an independent director, effective July 8, 2020.
- Business Wire
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock.
- Zacks
AT&T Powers Phillips 66's Private Network Mobile Connectivity
AT&T (T) will function as the backbone of Phillips 66's seamless connectivity solution with dedicated network capabilities using multi-access edge compute across the licensed spectrum.
- Motley Fool
Is Energy Transfer's 18%-Yielding Dividend in Trouble Now that Dakota Access Must Shut Down?
Pipeline giant Energy Transfer (NYSE: ET) got another dose of bad news this week. A U.S. district court judge ordered the company to temporarily shut down and drain its Dakota Access Pipeline (DAPL) by August 5th, pending the outcome of an environmental review. The news sent shares of Energy Transfer and the pipeline's other investors into a tailspin.
- Insider Monkey
Were Hedge Funds Right About Phillips 66 (PSX)?
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
