The Latest Breaking News from PSX

Phillips 66 has recently underperformed in the Nasdaq, but Wall Street analysts are moderately optimistic about the stock’s prospects.

Phillips 66 has underperformed the broader market over the past year, yet analysts remain upbeat about the stock’s potential.

Phillips 66 will unveil its Q2 earnings this month, and analysts project a double-digit profit dip.

Despite Phillips 66’s mixed performance relative to the broader S&P 500 Index, Wall Street analysts remain cautiously optimistic about the stock’s outlook.

With robust oil and gas demand, government support, and the incorporation of technologies like IoT and data analytics, the energy sector seems well-placed to grow and evolve considerably. Thus, it could be wise to invest in quality energy stocks Petróleo Brasileiro (PBR), Phillips (PSX), and VAALCO Energy (EGY) for potential…

Given soaring oil and gas demand alongside supply limitations, the energy sector is poised for robust growth, potentially leading to an uptick in energy prices in the near future. To that end, quality energy stocks Phillips 66 (PSX), Weatherford International plc (WFRD), and ChampionX Corporation (CHX) with skyrocketing gain potential…

The energy industry is poised for robust growth due to increasing global demand for oil amid supply cuts and potential production disruptions. This trend creates opportunities for investment across the sector. Therefore, investors could consider buying fundamentally strong energy stocks such as Phillips 66 (PSX), Cheniere Energy (LNG), and Western…

Ongoing conflicts in the Middle East and the extension of oil production cuts by OPEC+ into the second quarter are contributing to the positive sentiment around the energy industry. Let’s compare the fundamentals of Phillips 66 (PSX) and Marathon Oil Corporation (MRO) to determine which energy stock is a better…

Elliott Management wrote to the board calling for better performance Wednesday.

Though no guarantees exist, Phillips 66 may be sitting on a fundamental goldmine, making PSX stock at least worthy of careful consideration.

Phillips 66 stock still looks undervalued to value buyers with its 4.33% dividend yield and 8x forward P/E multiple. Moreover, covered call and short put investors have attractive income plays.