Is PSX stock a good buy?
Is PSX stock a good buy?
Is PHILLIPS 66 Stock a good buy in 2022, according to Wall Street analysts? The consensus among 10 Wall Street analysts covering (NYSE: PSX) stock is to Buy PSX stock.
Is PSX a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank….Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
Is Phillips 66 publicly traded?
ConocoPhillips spun off its midstream and downstream businesses to create a publicly traded company called Phillips 66 that began trading under the symbol PSX on the New York Stock Exchange (NYSE) on May 1, 2012.
How does PSX make money?
The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations.
What happened to my PSXP stock?
Partnership unitholders received 0.50 shares of PSX common stock for each outstanding PSXP common unit, including preferred units that were converted into common units at a premium prior to closing. Effective March 9, 2022, PSXP’s common units will no longer be publicly traded on the New York Stock Exchange.
Should you invest in Phillips 66?
Phillips 66 is a great high-yield stock. The company has a healthy balance sheet again after using it to protect the dividend while maintaining growth CapEx during the recession. Now, it is reaping the benefits from high fuel and chemicals demand and strong free cash flow used to boost dividends and buybacks.
Is Phillips 66 a good buy now?
Right now, the Phillips 66 company is paying $0.92 per quarter. That’s $3.68 per year per share. Using the company’s $82.85 share price, we’re dealing with a 4.44% yield. This makes it the 16th-highest dividend yield in the S&P 500 as the table below shows.
