Phillips 66 offers a solid 3.9% dividend yield, robust cash flow, and a strong history of shareholder returns, making it an attractive value and income pick. Recent headwinds from turnaround activity are largely behind, setting the stage for a rebound in earnings and cash flow in upcoming quarters. Strategic expansion in the NGL value chain and the accretive EPIC acquisition position PSX to benefit from long-term secular growth in petrochemicals.
Phillips 66 (PSX) concluded the recent trading session at $129.01, signifying a -2.05% move from its prior day's close.
Phillips 66 is a diversified energy company with strong Midstream and NGL growth, offering a compelling long-term investment case regardless of potential breakup. Activist Elliott Management is pushing for structural changes, but I see a full breakup as unlikely. Cost cuts and share repurchases are more probable outcomes. Phillips 66 boasts a robust 3.6% yield, fastest profit growth among peers, and trades at a discount, supporting my buy rating and $153 intrinsic value target.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $130, denoting a +2.85% move from the preceding trading day.
In the most recent trading session, Phillips 66 (PSX) closed at $126.46, indicating a +2.69% shift from the previous trading day.
PSX is set to produce CARB gasoline at its Ferndale refinery to offset supply loss from its Los Angeles plant closure.
Phillips 66 (NYSE:PSX ) J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference June 24, 2025 10:55 AM ET Company Participants Mark E.
Phillips 66 (PSX) closed the most recent trading day at $119.46, moving 1.3% from the previous trading session.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $120.95, denoting a +1.9% move from the preceding trading day.
Elliott had been pushing for four new board seats on the oil refiner's board.
Elliott had been pushing for four new board seats on oil refiner's board.
Phillips 66 said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led consortium, valuing the unit at $2.8 billion, as the U.S. refiner streamlines its portfolio under pressure from activist investor Elliott Investment Management.