PSX - Phillips 66
59.00 +0.37 (0.63%)
Pre-Market: 8:36AM EDT
Chart Events
Triple Moving Average Crossover
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 57.42 |
| Open | 60.17 |
| Bid | 58.06 x 1800 |
| Ask | 60.14 x 900 |
| Day's Range | 58.01 - 61.56 |
| 52 Week Range | 40.04 - 119.92 |
| Volume | 5,057,237 |
| Avg. Volume | 4,413,040 |
| Market Cap | 25.67B |
| Beta (5Y Monthly) | 1.38 |
| PE Ratio (TTM) | 8.66 |
| EPS (TTM) | 6.77 |
| Earnings Date | Apr 30, 2020 |
| Forward Dividend & Yield | 3.60 (6.14%) |
| Ex-Dividend Date | Feb 13, 2020 |
| 1y Target Est | 91.88 |
Fair Value
Related Research
- Moody's
Phillips 66 Company -- Moody's rates Phillips 66's proposed notes A3
Moody's Investors Service (Moody's) assigned A3 senior unsecured rating to Phillips 66's proposed offerings of two tranches of senior notes. Phillips 66's existing ratings, including the A3 long-term issuer and senior unsecured ratings, and the stable outlook are unchanged. "Phillips 66 has excellent liquidity and the issuance of term loan debt and notes will increase its cash balance, which we expect will fund negative free cash flow in 2020," commented James Wilkins, Moody's Vice President -- Senior Analyst.
- Zacks
Oil & Gas Stock Roundup: Operators Clamp Down on Capex to Combat Price Slump
Driven by the ongoing trough in oil prices, Chevron (CVX), Equinor (EQNR) and Eni (E) made announcements on spending cuts.
- American City Business Journals
Phillips 66 widens compensation gap between CEO and median employee
The gap between the compensation of Phillips 66’s CEO and that of its median employee widened in 2019 by a significant margin over the gap in 2018. CEO Greg Garland made more than $10 million more in 2019 than he did in the prior year, with his total compensation ending the decade at about $31.
- Barrons.com
Oil-Refiner Stocks Jumped Because They Can Make Money Off Low Crude Prices
The stocks have arguably already taken all of that into account and then some, Jefferies analyst Chritopher Sighinolfi argues.
- Zacks
Sunoco to Slash 2020 Capital Expenditure, Aims Cost Reduction
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- Zacks
Stock Market News for Mar 25, 2020
U.S. stocks snapped back from the three-year lows on Tuesday, ending in the green after U.S. lawmakers said they will come to an agreement on a fiscal package to combat the economic impact of COVID-19.
- Zacks
Phillips 66 Cuts 2020 Capex, Halts Share Buybacks, Up 8.3%
Phillips 66 (PSX) is likely to delay several midstream projects as crude production dries up due to the current low price environment.
- Rigzone.com
Phillips 66 Outlines Budget Cuts
Phillips 66 unveiled its plan for responding to the market downturn.
- Reuters
Phillips 66 delays scheduled refinery shutdowns on coronavirus concerns
The scheduled shutdowns, also known as turnarounds, are for plant maintenance, repairs and upgrades, and often last several months. The company also said its first-quarter refinery utilization should be around the low-to-mid 80% range, adding it was nearing minimum crude rates at "many" of its refineries. Company executives, speaking on a conference call on Tuesday, declined to elaborate on the expected shutdowns.
- American City Business Journals
Phillips 66 cuts budget, suspends share repurchases amid low oil prices
Houston-based Phillips 66 (NYSE: PSX) is the latest major energy company to slash spending plans for 2020. The cuts include a $700 million reduction in 2020 capital spending, bringing Phillips 66's budget to $3.
- Reuters
Refiner Phillips 66 cuts spending forecast by 18%, commits to dividend
As U.S. crude prices last week touched their lowest point in nearly two decades, oil and gas companies are rushing to cut back on their spending so they can maintain profitability and calm worried investors about their ability to pay dividends. Oil major Chevron on Tuesday cut its spending budget by 20% and also committed to protecting its dividend. Phillips 66 said it now expects consolidated spending for the year to be about $3.1 billion, a $700 million reduction from its earlier forecast.
- MarketWatch
Phillips 66 cuts 2020 capex by $700 million, to temporarily suspend share buybacks
Phillips 66 said Tuesday it is reducing 2020 capital spending by $700 million to $3.1 billion. The Houston-based energy and logistics company said it will defer and cancel certain discretionary proejcts and will reduce operationg costs by $500 million. The company is temporarily suspending its share buyback program after buying back about $440 million worth in the first quarter. The company has secured a new $1 billion, 364-day term loan facility, which will provide additional liquidity to its existing $5 billion revolving credit facility. Phillips 66 Partners has a $750 million revolver. "We will continue to closely monitor market conditions and evaluate the impact on our portfolio," Chief Executive Greg Garland said in a statement. "We are prepared to take additional action as needed." Shares rose 9% premarket Tuesday, but have fallen 56% in the last 12 months, while the S&P 500 has fallen 20%.
- Business Wire
Phillips 66 Responds to Challenging Business Environment
Phillips 66, a diversified energy manufacturing and logistics company, announces actions in response to the challenging business environment.
- ACCESSWIRE
Pyxis Tankers, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / March 20, 2020 / Pyxis Tankers, Inc. (NASDAQ:PXS) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 20, 2020 at 8:30 AM ...
- Business Wire
Phillips 66 Announces Date Change for First-Quarter Financial Results Announcement
Phillips 66 has changed the date of its first-quarter earnings conference call to Friday, May 1 at noon EDT.
- Zacks
Zacks Industry Outlook Highlights: Murphy USA, Phillips 66, World Fuel Services and PBF Energy
Zacks Industry Outlook Highlights: Murphy USA, Phillips 66, World Fuel Services and PBF Energy
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Coronavirus Hits Oil & Gas Refining & Marketing Industry Demand
Coronavirus Hits Oil & Gas Refining & Marketing Industry Demand
- Barrons.com
7 Stocks That Could Ride Out the Turmoil in Energy Markets
Russia and Saudi Arabia are battling each other and America’s shale producers. There will be casualties, but some U.S. drillers, shippers, and refiners will survive to fight another day.
- Zacks
The Zacks Analyst Blog Highlights: Cenovus, Matador, Valero, Phillips 66 and Exxon Mobil
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- Simply Wall St.
How Does Phillips 66's (NYSE:PSX) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, Phillips 66 (NYSE:PSX) shares are down a considerable 39% in the last month...
- Insider Monkey
Phillips 66 (PSX): Hedge Funds Caught Wrong Footed
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- Zacks
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Phillips 66 Partners and BP Midstream Partners
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Phillips 66 Partners and BP Midstream Partners
Yahoo Finance VideoRussia and Opec may ‘be able to come back to the negotiating table’: Tortoise Portfolio Manager
Brian Kessens, Tortoise Portfolio Manager, joins On The Move to discuss how the oil sector is faring amid the coronavirus despite Saudi Aramco’s report that it will be able to produce 12 million barrels a day starting on April 1.
