PSX - Phillips 66
| Previous Close | 104.03 |
| Open | 103.73 |
| Bid | 103.73 x 900 |
| Ask | 103.80 x 800 |
| Day's Range | 102.92 - 103.92 |
| 52 Week Range | 78.44 - 119.14 |
| Volume | 527,760 |
| Avg. Volume | 2,534,857 |
| Market Cap | 46.577B |
| Beta (3Y Monthly) | 1.13 |
| PE Ratio (TTM) | 8.96 |
| EPS (TTM) | 11.59 |
| Earnings Date | Oct 25, 2019 |
| Forward Dividend & Yield | 3.60 (3.46%) |
| Ex-Dividend Date | 2019-08-19 |
| 1y Target Est | 118.41 |
- Moody's
Phillips 66 Partners LP -- Moody's announces completion of a periodic review of ratings of Phillips 66 Partners LP
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Phillips 66 Partners LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Zacks
U.S. Oil Ends Lower Even as EIA Reveals Drop in Inventories
While EIA reports the fourth straight weekly inventory decline, crude prices fall after OPEC cut its forecast for oil demand growth this year and next.
- Bloomberg
White House to Meet With Oil, Biofuel Makers in Bid for Deal
(Bloomberg) -- Trump administration officials are set to consult with oil refiners and renewable fuel producers at the White House on Wednesday, as they struggle to develop a final plan for bolstering corn-based ethanol and soy-based biodiesel.Representatives of Valero Energy Corp., PBF Energy Inc., Monroe Energy, HollyFrontier Corp., Marathon Petroleum Corp. and Phillips 66 are set to attend a meeting Wednesday afternoon, as the oil refiners warn the administration against plans to dramatically hike biofuel-blending quotas.A separate meeting with biofuel producers is set to include executives from Louis Dreyfus Co., Renewable Biofuels Inc., Ag Processing Inc. and Renewable Energy Group Inc., said people familiar with the matter, who asked not to be named discussing private negotiations. A representative of Archer-Daniels Midland Co., one of the nation’s largest ethanol manufacturers, also said the company would be at the biofuel meeting.The discussions are not expected to include industry trade associations nor influential lawmakers who have pressed President Donald Trump for biofuel policy changes since he took office. By meeting directly with company lobbyists and executives from the dueling industries, administration officials may be better able to confirm their policy demands and reach discrete agreements.Administration officials have been seeking to finalize a broad plan for boosting U.S. biofuel-blending mandates and taking other steps to propel renewable fuels made from corn and soybeans -- without major disruptions for oil refining companies. On Aug. 29, Trump promised he would soon unveil a “giant package” of biofuel changes that would make farmers “so happy.”The effort responds to a backlash in the American Midwest over the Environmental Protection Agency’s decisions to exempt oil refineries from annual requirements to use biofuel. Although federal law authorizes those waivers for small refineries facing an economic hardship from the mandates, renewable fuel supporters say the Trump administration has handed them out too freely -- dealing a blow to agricultural interests already suffering amid the trade fight with China and a tough growing season.After weeks of talks, administration officials have agreed they will not seek to rescind a batch of recently granted waivers exempting oil refineries from 2018 biofuel-blending mandates.However, they tentatively decided to begin accounting for them in 2021 blending quotas -- a move would effectively force non-exempted refineries to satisfy targets expected to be waived for other facilities. Administration officials also are considering giving a 5% boost to U.S. renewable fuel-blending quotas in 2020.Biofuel advocates -- including trade associations, ethanol producers and Midwest lawmakers -- have been cool to the plan, saying the reallocation of waived quotas should happen at least a year earlier, in 2020. That has complicated the White House’s efforts to reach a deal.The issue underscores a clash between two key Trump constituencies -- agriculture and oil -- heading into the 2020 election. Oil industry advocates and labor unions have been appealing to the White House not to alter course, arguing the hardship waivers are essential to keeping small refineries running.Refinery workers and labor groups are set to hold a rally over the issue in the battleground state of Ohio on Thursday, emphasizing that Trump’s decisions on biofuel could cost him votes in the Rust Belt -- not just the heartland.(Updates with details on meetings and strategy from second paragraph)To contact the reporters on this story: Mario Parker in Chicago at mparker22@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.net;Jennifer Jacobs in Washington at jjacobs68@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Citigroup Raises Price Targets on Refiners MPC, PSX
Citigroup raised its price targets on two refiners today, increasing Marathon Petroleum's target from $58 to $60 and Phillips 66's target from $110 to $120.
- Zacks
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
- Market Realist
Institutional Holdings in MPC, VLO, PSX, and HFC
Institutional holdings in Valero Energy, Marathon Petroleum, Phillips 66, and HollyFrontier stand above 70%. HollyFrontier has the highest holding of 89%.
- Motley Fool
3 Unknown but Amazing Dividend Stocks
This trio of energy companies has consistently rewarded investors.
- Zacks
The Zacks Analyst Blog Highlights: Facebook, Mastercard, NIKE, Western Digital and Phillips 66
The Zacks Analyst Blog Highlights: Facebook, Mastercard, NIKE, Western Digital and Phillips 66
- Zacks
Top Analyst Reports for Facebook, Mastercard & NIKE
Top Analyst Reports for Facebook, Mastercard & NIKE
- Moody's
Borger Energy Associates, L.P. -- Moody's upgrades Borger Energy Associates, L.P. to Ba3 from B1; outlook stable
Moody's Investors Service ("Moody's") today upgraded the senior secured rating for Borger Energy Associates, L.P. (Borger) to Ba3 from B1. Borger's rating upgrade is driven by the renewal of its Steam Sales Agreement (SSA) on favorable terms with its steam offtaker, WRB Refining LP (WRB). The SSA, which was set to expire this year, has been extended for five years to June 2024.
- Zacks
Phillips 66 (PSXP) to Pay Back Term Loan With Notes Offering
Phillips 66 (PSXP) announces pricing of unsecured senior notes, carrying a total aggregate principal amount of $900 million.
- Simply Wall St.
Three Things You Should Check Before Buying Phillips 66 (NYSE:PSX) For Its Dividend
Is Phillips 66 (NYSE:PSX) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...
- Zacks
Oil Rises After EIA Reports Bullish Surprise on All Fronts
The decline in oil inventories was the largest in the U.S.in five weeks, and came in tandem with a fall in gasoline and distillate supplies.
- Zacks
Parsley Energy Rewards Investors With Dividend Initiation
Parsley Energy (PE) further plans to boost its capital efficiency by 12-14% via trimming high-tech and big-budget development procedures.
- Market Realist
MPC, VLO, PSX: Are Crashing Refining Stocks Attractive?
Refining stocks Marathon Petroleum, Valero, and Phillips 66 have plunged sharply in August due to the crashing equity market and falling crude prices.
- Kiplinger
The 9 Highest-Yielding Warren Buffett Dividend Stocks
Berkshire Hathaway (BRK.B) famously doesn't pay dividends - it has better things to do with its shareholders' cash - but Chairman and CEO Warren Buffett sure loves collecting them. In 2018 alone, Berkshire raked in $3.8 billion in dividends - "a sum that will increase in 2019," Buffett said in the annual letter.The great majority of the stocks in Berkshire's portfolio are dividend stocks. And, indeed, all of its top 10 holdings - from Apple (AAPL) to Coca-Cola (KO) to American Express (AXP) - pay a cash distribution.Buffett has never been one to reach for yield, but a number of Berkshire Hathaway's income-generating equities are quite generous by today's standards. As of Aug. 26, nine of Warren Buffett's dividend stocks sported yields of at least 3%. (For comparison, the yield on the S&P; 500 is just below 2%.)After excluding names that are now negligible parts of Berkshire Hathaway's portfolio - namely, United Parcel Service (UPS) - these are the Warren Buffett dividend stocks with the highest yields. SEE ALSO: 50 Top Stocks That Billionaires Love
- Zacks
Looking for Value? Why It Might Be Time to Try Phillips 66 (PSX)
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.
- Zacks
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, ConocoPhillips, Phillips 66 and Marathon Petroleum
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, ConocoPhillips, Phillips 66 and Marathon Petroleum
- Motley Fool
5 More Reasons This 6.5%-Yielding Dividend Stock Is a Great Long-Term Buy
Plains All American Pipeline has a lot of growth up ahead.
- Zacks
Why Is Phillips 66 (PSX) Down 6.3% Since Last Earnings Report?
Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
U.S. Gasoline & Distillates Stocks Up, Cushing Supplies Slump
The federal government's EIA report revealed that crude inventories fell by 2.7 million barrels for the week ending Aug 16.
- Market Realist
Refining Stocks Tank, Dividend Yields Rise
Weaker equity markets have dragged down refining stocks this month, resulting in their dividend yields rising. Let's see how they stack up.
- Zacks
North Dakota Oil Production Sets Record, So Does Gas Flaring
The newest numbers showed that daily crude output remained above one million barrels for the 29th month, further confirming North Dakota as one of the hottest shale plays in the United States.
- American City Business Journals
NuStar positioned to profit from Permian-to-Corpus pipelines, CEO says
NuStar Energy began thinking about how it could tap into the West Texas oil boom four years ago, CEO Brad Barron told the Business Journal.
