Momentum stocks have been surprisingly strong performers over the years. It can seem counterintuitive at first.
HOUSTON--(BUSINESS WIRE)--Phillips 66 executive management will host a webcast at noon ET on Friday, Oct. 27, to discuss the company's third-quarter 2023 financial results.
While the small-capitalization sector provides ample opportunities to find diamonds in the rough, astute investors can occasionally find undervalued large-cap stocks. It sounds completely counterintui
A combination of factors, including the supply/demand imbalance, OPEC+ production cuts, and the oil charts, suggest this is a golden time to buy oil and oil stocks. Regarding the oil price NYSEARCA: U
Bank of America recently downgraded the refining segment based on valuation and risk of peaking margins. Does this mean the group is not investible? Both refiners are compared head to head to determin
If there's any one theme that supports the concept of safe stocks to buy, it's ambiguity. At first glance, Federal Reserve Chair Jerome Powell recently clarified that while inflation is finally moving

Phillips 66 - What To Make Of Its 4% Yield

04:59pm, Friday, 25'th Aug 2023
Phillips 66 is a well-diversified downstream giant in the energy industry with a market cap of $50 billion. The company has a strong balance sheet, commitment to shareholder returns, and ongoing proje
As contrarian investors, we have no desire to buy the stock market while it's hot. We wait for it to cool off.
Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.
The stock market has entered a bit of a pullback over the past few weeks. That's not too surprising, given the vigorous gains that the market enjoyed in the first half of 2023.
Phillips 66 (PSX) is set to lay off 175 full-time employees and 100 contractors globally as part of its broader cost-cutting strategy.
U.S. oil refiner Phillips 66 plans to cut 175 employees and realign its global finance and procurement operations into an "enterprise service organization," the company said on Tuesday.

Downgrade Pushes Oil Stock Further From Highs

10:31am, Tuesday, 15'th Aug 2023
Oil & gas stock Phillips 66 (NYSE:PSX) is continuing to slide from its Aug. 11 three-year peak of $117.29, after a downgrade from BoFA Global Research to "neutral" from "buy.
While it might not seem plausible at first glance, the narrative of oil stocks to buy is making a comeback. True, the Federal Reserve and its largely aggressive measures to tackle inflation through ra
While the top- and bottom-line numbers for Phillips 66 (PSX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare
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