This summary was created by AI, based on 4 opinions in the last 12 months.
Experts are bullish on Phillips 66, noting its low PE ratio, strong downstream operations, and positive expectations for summer travel. They are also impressed by the company's low debt, growing cash reserves, and strong dividend payout ratio. Overall, they see significant upside potential for the stock.
Warren Buffett has been picking away at this. It is very difficult to build a refinery. There is a limited number of competitors, so they are well situated. The drawback is that you are beholden to crack spreads, basically the value of all the different components of a barrel of oil after it has been refined. In the past couple of years, it has been a very, very good business, but it is a cyclical business. The ways the composition of crude oil is coming to refineries is changing. He would prefer going to where the greatest value is, which is going to be the crude producers.
(A Top Pick Sept 26/15. Up 2.91%.) This is a refiner, and they participate in oil strength. It is the kind of company that is not up as strong when oil prices go up, but also has not been down as much when prices are down. Has a very good franchise.
They are the biggest independent refiner. They are doing some internal restricting to get down to only 30 percent refining. It’s a good opportunity to buy for the longer term.
A fantastic break out at $82. This is exactly the kind of stock you want to own.
Phillips 66 is a American stock, trading under the symbol PSX-N on the New York Stock Exchange (PSX). It is usually referred to as NYSE:PSX or PSX-N
In the last year, there was no coverage of Phillips 66 published on Stockchase.
Phillips 66 was recommended as a Top Pick by on . Read the latest stock experts ratings for Phillips 66.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Phillips 66 In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Phillips 66 (PSX-N) stock closed at a price of $136.35.
There remains a supply-demand imblance in refined oil products. PSX trades at a very low 6x PE.