5 Reasons to Buy Phillips 66 Now [The Motley Fool]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
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Source: The Motley Fool
The refining giant's stock has stagnated lately, which might make now a great time to buy. Last year was an awful one for refining companies. Rising oil prices, elevated petroleum product stockpiles, and high environmental compliance costs squeezed refining margins. As a result, adjusted earnings in Phillips 66 's ( NYSE:PSX ) refining segment plummeted from $2.5 billion in 2015 down to a mere $277 million last year. That said, last year's beatdown is one of the many reasons why the company's stock looks like an attractive buy right now. 1. Shares are attractively priced The tough refining market has kept a lid on Phillips 66's stock price. Over the past year, shares are virtually flat, though they are down 9% since the start of 2017. However, at the current price of around $78.50 per share, the stock looks like a pretty good bargain. That's because it's the price that Warren Buffett's Berkshire Hathaway ( NYSE:BRK-A ) ( NYSE:BRK-B ) has loaded up on shares
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News
- Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down [Seeking Alpha]Seeking Alpha
- Phillips 66 (PSX) Gears Up for Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- First of its Kind Partnership Delivers a Waste Heat to Power Project That Will Reduce the University of Dayton's Carbon Footprint by More Than 70% [Yahoo! Finance]Yahoo! Finance
- Phillips 66's (NYSE:PSX) institutional investors lost 3.8% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 1/31/24 - Beat
PSX
Sec Filings
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- 4/3/24 - Form ARS
- PSX's page on the SEC website