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Worries about developments in Iran rattled financial markets Monday, after the U.S. and Israel launched a joint attack over the weekend. Here's which stocks are falling, and which ones are on the rise.
Major stock indexes turned mostly higher and oil and gold futures advanced Monday as markets reacted to fighting in the Middle East.
HOUSTON--(BUSINESS WIRE)--Mark Lashier, chairman and CEO of Phillips 66, will participate in a fireside chat at the Morgan Stanley Energy & Power Conference.
Davis R M Inc. decreased its stake in Phillips 66 (NYSE: PSX) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,625 shares of the oil and gas company's stock after selling 5,723 shares during the quarter. Davis R M Inc.
Phillips 66 remains a buy, supported by refining modernization, midstream growth, and favorable crack spreads amid heightened geopolitical risk. PSX benefits from sourcing Venezuelan crude and widening crack spreads, with near-term margins above the long-term $25 norm. Refining utilization and operating cost reductions structurally enhance margins, while midstream EBITDA targets of $4.5B by 2027 appear attainable.
PSX's diversified model may outshine CVE as soft oil prices pressure upstream earnings and reshape energy investment appeal.
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Raiffeisen Bank International AG increased its holdings in Phillips 66 (NYSE: PSX) by 74.8% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,641 shares of the oil and gas company's stock after buying an additional 3,269 shares during the
Phillips 66 stands to gain as the EIA predicts falling crude prices through 2027, while its expanding midstream arm generates steady, fee-based cash flows.
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron , according to sources familiar with the efforts.
Marathon Petroleum (NYSE: MPC) and Phillips 66 (NYSE: PSX) just reported fourth-quarter earnings that underscore why refiners are riding the energy sector's extraordinary run.
Insights from Paul Singer (Trades, Portfolio)'s Latest 13F Filing Paul Singer (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2
Phillips 66 PSX is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation VLO and Par Pacific Holdings, Inc. PARR, two other refiners, are valued at 7.87x and 5.06x, respectively.
A glut of oil has sent the price of unrefined crude lower. Increased manufacturing and air travel are driving demand for refined fuels higher.
PSX could ride softer WTI prices as rising global inventories pressure crude, potentially boosting refining margins in 2026.
HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock, representing a $0.07 increase.
PSX, MPC and VLO stand out in the Oil and Gas - Refining & Marketing industry as volatility persists, valuations stay low, and opportunities remain.
Oppenheimer Asset Management Inc. boosted its stake in Phillips 66 (NYSE: PSX) by 3.6% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,472 shares of the oil and gas company's stock after acquiring an additional 3,426 shares during
Thrivent Financial for Lutherans cut its holdings in Phillips 66 (NYSE: PSX) by 35.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,136 shares of the oil and gas company's stock after selling 15,069 shares during the quarter. Thrivent Financial for Lutherans'
Federated Hermes Inc. trimmed its position in Phillips 66 (NYSE: PSX) by 85.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,426 shares of the oil and gas company's stock after selling 19,767 shares during the quarter. Federated Hermes Inc.'s holdings