3-May-2024
Balanced Outlook for Phillips 66: Stability Through Diversification Amidst Market Challenges
TipRanks (Thu, 2-May 4:16 AM ET)
Phillips 66: Hold Recommendation with a Balanced Outlook on Performance and Strategic Initiatives
TipRanks (Thu, 2-May 3:19 AM ET)
Phillips 66 Announces Executive Leadership Transition
TipRanks (Tue, 30-Apr 5:33 PM ET)
Marathon Petroleum slides on 'underwhelming' Q1 but guidance indicates upbeat Q2
Seeking Alpha News (Tue, 30-Apr 3:53 PM ET)
Marathon Petroleum slides on 'underwhelming' Q1 but guidance indicates Q2 rebound
Seeking Alpha News (Tue, 30-Apr 3:53 PM ET)
Phillips 66: A Cautious Hold Amidst Refining Headwinds and Transformation Efforts
TipRanks (Tue, 30-Apr 2:47 AM ET)
Scotiabank Sticks to Its Buy Rating for Phillips 66 (PSX)
TipRanks (Mon, 29-Apr 7:35 AM ET)
Piper Sandler Reaffirms Their Buy Rating on Phillips 66 (PSX)
TipRanks (Mon, 29-Apr 6:51 AM ET)
Analysts Offer Insights on Energy Companies: Chevron (CVX) and Phillips 66 (PSX)
TipRanks (Mon, 29-Apr 5:50 AM ET)
Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
Business Wire (Fri, 26-Apr 7:00 AM ET)
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Phillips 66 trades on the NYSE stock market under the symbol PSX.
As of May 3, 2024, PSX stock price declined to $143.61 with 1,740,641 million shares trading.
PSX has a beta of 0.61, meaning it tends to be less sensitive to market movements. PSX has a correlation of 0.07 to the broad based SPY ETF.
PSX has a market cap of $60.89 billion. This is considered a Large Cap stock.
Last quarter Phillips 66 reported $36 billion in Revenue and $1.90 earnings per share. This beat revenue expectation by $3 billion and missed earnings estimates by -$.27.
In the last 3 years, PSX stock traded as high as $174.08 and as low as $63.19.
The top ETF exchange traded funds that PSX belongs to (by Net Assets): VTI, VOO, XLE, SPY, IVV.
PSX has outperformed the market in the last year with a return of +54.0%, while the SPY ETF gained +27.0%. However, in the most recent history, PSX shares have underperformed the stock market with its stock returning -0.6% in the last 3 month period and -7.2% for the last 2 week period, while SPY has returned +3.7% and +3.3%, respectively.
PSX support price is $141.17 and resistance is $146.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSX stock will trade within this expected range on the day.