Phillips 66 (PSX)
119.74 USD -2.55 (-2.09%) Volume: 4.2M
Phillips 66’s stock price currently stands at 119.74 USD, experiencing a dip of -2.09% in this trading session with a trading volume of 4.2M, yet showcasing a positive YTD performance with a rise of +5.10%.
Latest developments on Phillips 66
Phillips 66 is currently embroiled in a board fight with activist investor Elliott, who has nominated seven directors in a push for restructuring. The company has pushed back against Elliott, stating that the investor showed ‘no genuine interest’ in engaging with them. This battle comes after Phillips 66 announced the closure of its company museum in Bartlesville after 17 years. Despite the ongoing turmoil, Phillips 66 remains committed to finding a ‘constructive path forward’ amidst the escalating pressure from Elliott. The stock price movements today reflect the uncertainty surrounding the board fight and the potential impact on the company’s future.
Phillips 66 on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely following Phillips 66, a company in the refining sector. In their report titled “Phillips 66: Refining Cost Reduction and Utilization Efficiency To Result In Margin Expansion? – Major Drivers,” they highlighted the company’s financial performance in the third quarter of 2024. Despite challenges in the market, Phillips 66 reported adjusted earnings of $859 million or $2.04 per share, with operating cash flow at $1.1 billion. The company’s resilience was attributed to strategic divestitures, operational efficiencies, and a shift towards midstream assets and renewables.
A look at Phillips 66 Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Phillips 66, a downstream energy company, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in areas such as Dividend and Growth, with scores of 4 for both factors, it lags behind in Resilience with a score of 2. This suggests that while Phillips 66 may provide stable dividends and potential for growth, it may face challenges in weathering economic downturns or industry disruptions.
On the other hand, Phillips 66 shines in Momentum with a score of 5, indicating strong market momentum and investor interest. This could be a positive sign for the company’s future performance and growth potential. Overall, Phillips 66‘s Smart Scores paint a picture of a company with solid dividend payouts and growth prospects, but with some vulnerabilities in terms of resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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