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Phillips 66 (PSX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Lower refining margins worldwide and increased expenses hurt Phillips 66's (PSX) earnings in Q1.
Phillips 66 (PSX) shares dropped in intraday trading Friday after the energy producer's quarterly profit fell as refining margins thinned.
Phillips 66 (PSX) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $4.21 per share a year ago.
Refiner Phillips 66 missed quarterly profit estimates on Friday, hurt by a slump in refining margins following a decline in fuel prices.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Phillips 66 (PSX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Phillips 66's (PSX) first-quarter earnings are likely to have been negatively impacted by a weak performance in its refining segment.
The latest trading day saw Phillips 66 (PSX) settling at $154.71, representing a +0.91% change from its previous close.
Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.