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Phillips 66 (PSX-N)
NYSE:PSX
131.45
0.51
(0.39%) 1d
Financials
Technical Analysis
$120.260
Unknown
Our PAST TOP PICK with PSX has triggered its stop at $92. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 9%, when combined with our previous entry recommendation.
We reiterate this international midstream energy company as a TOP PICK. Expectations for summer travel are bullish, which will support their 2 million bpd downstream operations. It trades under 2x book and 8x earnings, with a ROE of 44%. It pays a good dividend, backed by a payout ratio under 20% of cash flow. We continue to recommend a stop at $92, looking to achieve $121 -- upside potential of 19%. Yield 3.9%
(Analysts’ price target is $121.29)Trading at 5x earnings, 1.7x book and supporting a 40% ROE, we reiterate PSX as a TOP PICK. The company has a bio-diesel fuel plant coming on soon in California, which used to process oil. We like that cash reserves are growing and debt is being retired. Its dividend is backed by a payout ratio under 20% of cash flow. We recommend trailing up the stop (from $87) to $92, looking to achieve $126 -- upside potential of 18%. Yield 3.6%
(Analysts’ price target is $126.00)PSX is the spin off of ConocoPhillips downstream refining and distribution assets. It is generating outstanding cash flow, allowing cash reserves to grow as debt is retired and stock bought back. It trades under 7x earnings, under 2x book value, and supports a ROE of 40%. We recommend a stop-loss at $87, looking to achieve $125 - upside of 27%. Yield 4.0%
(Analysts’ price target is $125.36)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(PSX-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Phillips 66(PSX-N) Frequently Asked Questions
What is Phillips 66 stock symbol?
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
Is Phillips 66 a buy or a sell?
In the last year, there was no coverage of Phillips 66 published on Stockchase.
Is Phillips 66 a good investment or a top pick?
Phillips 66 was recommended as a Top Pick by on . Read the latest stock experts ratings for Phillips 66.
Why is Phillips 66 stock dropping?
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.
Is Phillips 66 worth watching?
0 stock analysts on Stockchase covered Phillips 66 In the last year. It is a trending stock that is worth watching.
What is Phillips 66 stock price?
On 2024-11-20, Phillips 66 (PSX-N) stock closed at a price of $131.45.
There remains a supply-demand imblance in refined oil products. PSX trades at a very low 6x PE.