|Bid||47.77 x 1300|
|Ask||52.00 x 1300|
|Day's Range||50.03 - 51.05|
|52 Week Range||44.40 - 56.48|
|PE Ratio (TTM)||20.04|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||2.86 (5.69%)|
|1y Target Est||57.59|
Brookfield Investment Management added a major position in Andeavor Logistics (ANDX) during the first quarter. It bought 5.2 million shares of ANDX valued at $231.2 million. On the other hand, Morgan Stanley Investment Management and Virtus ETF Advisers LLC were the biggest sellers. They sold 1.6 million and 0.56 million shares of ANDX, respectively, in the quarter.
Jefferies offers up two short ideas in a report out this week, Phillips 66 and Sunoco LP, which they picked for wildly different reasons. Corey Goldman, who follows refiners for the firm, thinks that Phillips 66's stock has simply become too frothy. "Despite lackluster midstream returns, depressed ethylene margins and the recent [Warren] Buffett stock sale of $3.3 billion, PSX [Phillips 66] continues to imply robust valuation figures," he said.
Phillips 66 Partners (PSXP), the midstream MLP formed by one of the largest US refiners, Phillips 66 (PSX), continued to post strong earnings growth in 1Q18. PSXP’s adjusted EBITDA increased to $232 million in 1Q18, compared to $155 million in 1Q17, a YoY jump of 49.7%. However, PSXP missed its 1Q18 EBITDA estimate by 6.4%.
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Phillips 66 (NYSE:PSX) has returned to shareholders over the pastRead More...
Phillips 66 also announced an 80 cent-per-share dividend, up 14 percent from 2017.
This isn't promising for the chances of the pipeline getting built, but it also doesn't necessarily mean the company has shelved the project entirely.
Today, DCP Midstream, LP (DCP) announced that the Southern Hills natural gas liquids (NGL) pipeline will connect the DJ Basin to Cushing, Oklahoma and beyond via the White Cliffs pipeline. SemGroup, the operator of White Cliffs, plans to convert a portion of their pipeline system to NGL service and interconnect with Southern Hills.
DALLAS , May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
NEW YORK, May 03, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hospitality ...
A trio of American energy logistics firms is preparing to build a terminal at the Port of Corpus Christi in Texas capable of handling very large crude carriers, or VLCCs, adding to a flurry of activity for U.S. oil exports that reached a record 2.3 million barrels a day last week. formed a joint venture to build the facility at the South Texas Gateway Terminal, a major transit point for U.S. energy exports heading to international markets. The South Texas Gateway Terminal is scheduled to kick off operations next year.
Warren Buffett-backed oil refiner Phillips 66 reported adjusted first-quarter earnings of $1.04 a share, up 86% vs. a year earlier and 15 cents above estimates.
Phillips 66 expects a final investment decision on building an ethane cracker on the U.S. Gulf Coast by joint-venture Chevron Phillips Chemical Co by late 2019, Phillips 66 Chief Executive Greg Garland ...
Independent U.S. refiner Phillips 66 expects its nine refineries to run in the mid-90-percent range of their combined crude oil processing capacity of 1.6 million barrel per day in the second quarter of ...
Higher segment earnings from Midstream, Refining and Marketing and Specialties segment contributed to the increase in first quarter 2018 earnings of Phillips 66 (PSX).
The Houston-based company said it had profit of $1.07 per share. Earnings, adjusted for non-recurring gains, were $1.04 per share. The results surpassed Wall Street expectations. The average estimate of ...
U.S. oil refiner Phillips 66 reported a 2 percent fall in first-quarter profit on Friday, hurt by higher costs. The company's consolidated earnings fell to $524 million in the first quarter from $535 million ...
Phillips 66 Partners LP announces first-quarter 2018 earnings of $172 million, or $0.87 per diluted common unit. Cash from operations was $171 million, and distributable cash flow was $194 million.
Investing Action Plan: Dow Jones giants Exxon Mobil and Chevron report first-quarter earnings Friday, along with Phillips 66 and Cabot Oil & Gas. Q1 GDP data will be released.
Warren Buffett explains why Berkshire Hathaway decided that it wanted to own less than 10% of Phillips 66, Wells Fargo, American Airlines, and most other companies it invests in.