|Bid||90.83 x 4400|
|Ask||91.76 x 4400|
|Day's Range||89.14 - 92.03|
|52 Week Range||67.10 - 92.03|
|PE Ratio (TTM)||9.21|
|Forward Dividend & Yield||2.30 (2.73%)|
|1y Target Est||N/A|
As a result, shares of energy stocks such as that of Phillips 66 (NYSE:PSX) have been on the rise. Although PSX stock looks constructive through the longer-term lens, in the near term it is increasingly overbought and at risk of stalling or mean-reverting lower. Not every sector of stocks in the S&P 500 has a single clear “thing” that makes it move the way the energy sector does.
If you want to double your money every few years – and double your income as well – then you need to focus on the seven stocks I’m about to share.
A double-digit decline brings its yield up to 5.7%, which should rise further in the coming years, given the growth it has in the pipeline.
With an ROE of 19.13%, Phillips 66 (NYSE:PSX) outpaced its own industry which delivered a less exciting 10.85% over the past year. On the surface, this looks fantastic since weRead More...
While two big-time energy companies currently backstop this high-yielder, the numbers need to improve before it’s on solid ground.
North American energy independence and booming exports mean energy product companies are ready to roll -- but some are better positioned than others.
Phillips 66 (NYSE:PSX) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $106.9 and falling to the lows of $89.58.Read More...
The joint venture between Chevron (CVX) and Phillips 66 (PSX), with a production capacity of 1.5 million metric tons per annum, is aiming to cash in on the strong demand for petrochemicals.
According to March 12 press release , the company has successfully introduced feedstock and begun operating the cracker, which is located at Chevron Phillips Chemical's Cedar Bayou facility in Baytown. This startup completes the final phase of the company's $6 billion U.S. Gulf Coast petrochemicals project that was announced in 2011. In fact, the unit was nearly through much of the testing before the storm hit, Ron Corn, the company's senior vice president of petrochemicals, said in September .
The energy manufacturing and logistics company dropped sharply despite reporting great news last month.
Houston-based Phillips 66 (PSX) has raised $1.5 billion in long-term debt to help fund a stock buyback program it undertook in mid February. The deal extends some of the company’s short-term borrowings out into the long term, according to company filings with the U.S. Securities and Exchange Commission. Before this, Phillips 66 had about $1.9 billion in short-term debt on the books that, on average, reached maturity in the first couple days of March, according to the filings.
Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
OMAHA, Neb. (AP) — Billionaire Warren Buffett's company on Wednesday revealed a new investment in struggling Israeli drugmaker Teva Pharmaceuticals and trimmed its holdings in oil refiner Phillips 66 by selling 35 million shares back to the company for $3.3 billion.
After a double-digit drop in the past few weeks from its most recent high, Phillips 66 pulled the trigger on a big stock buyback from Buffett’s Berkshire Hathaway.
Phillips 66 will repurchase 35 million shares for $93.725 per share. The buyback will bring Berkshire's stake in Phillips 66 to slightly below 10 percent. “This transaction was solely motivated by our desire to eliminate the regulatory requirements that come with ownership levels above 10 percent," Buffett said in a statement.
Phillips 66 said it will buy back shares worth $3.28 billion from a Berkshire Hathaway subsidiary, in a transaction that could ease regulatory pressure for Berkshire, the conglomerate run by Warren Buffett.