There has been a flurry of news regarding energy manufacturing and logistics giant, Phillips 66 (PSX). Despite the stock value decreasing by 7.2% since the last earnings report, strong fundamentals may hint at a potential rebound. Rothschild Investment LLC and First Command Advisory Services Inc. have acquired positions, further solidifying Phillips 66's popularity among large institutional investors, who currently hold 76% of the company. Furthermore, Phillips 66 has piqued the interest of Navellier & Associates, who list it amongst the best stocks to buy.
The firm experienced a decline while the market was improving, but shareholders have enjoyed a 31% CAGR over the past three years. It has shown high potential for growth despite temporary lapses, due to a divestment of its Rockies Express Pipeline stake and acquisition of lucrative Midland Basin assets. Elliot Management is pushing for changes at Phillips 66, highlighting an investor activist intervention.
Analysts predict potential Q3 2025 earnings increases, and it appears to be utilizing debt rather sensibly, signaling a degree of financial strength. Despite hits to refining margins leading to decreased profits, the company has delivered excellent return on capital. Its Q2 earnings beat estimates and revenues increased YoY, positioning it for possible future growth.
Phillips 66 PSX News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Sun, 01 Sep 2024 11:33:39 GMT - Rating -2 - Innovation 3 - Information 6 - Rumor -3
