133 stories mentioning PSXUpdated 12h ago
Every FINWIRES story that references PSX, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Phillips 66 (PSX) has an average rating of overweight and mean price target of $188.11, according to analysts polled by FactSet.Price: $180.75, Change: $+0.94, Percent Change: +0.53%
Energy stocks were leaning lower pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.5%.The United States Oil Fund (USO) was down 1.5% and the United States Natural Gas Fund (UNG) was 9.7% higher.Front-month US West Texas Intermediate crude oil was 1.8% lower at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $107.89 per barrel, and natural gas futures were up 3% at $3.05 per 1 million British Thermal Units.ConocoPhillips (COP) and Glenfarne Group's subsidiary have signed a 30-year agreement to supply North Slope natural gas for phase one of the Alaska LNG project, the companies said. ConocoPhillips shares were down 1% premarket.Phillips 66 (PSX) shares were down nearly 2% after the company said it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.Eni (E) said it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium-term note program. Eni stock was 0.6% higher pre-bell.
Phillips 66 (PSX) said Monday it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.The Zeus project has a 300 million cubic feet per day processing facility alongside a new 45-mile pipeline capable of transporting up to 230 million cubic feet of wellhead gas daily, the company said.The Coastal Bend project involves a 100,000-barrel-per-day natural gas liquids fractionator in Robstown, Texas, alongside pipeline and water treatment expansions, Phillips 66 said.Both developments are scheduled to start operations in 2028 and fall within the existing $2 billion to $2.5 billion capital spending budget, it said.
Phillips 66 (PSX) has an average rating of overweight and mean price target of $188.11, according to analysts polled by FactSet.
Phillips 66 (PSX) has an average rating of overweight and mean price target of $187, according to analysts polled by FactSet.
The Standard & Poor's 500 index rose 0.9% this week to another closing record high as the communication services sector led a broad climb amid better-than-expected earnings.The S&P 500 ended Friday's session at 7,230.12 and reached a fresh intraday high of 7,272.52.This marks the fifth consecutive weekly gain. On Thursday, the benchmark closed out April with a 10% jump that represented its largest monthly increase since November 2020. The index, which fell 5.1% in March, is now up 5.6% for 2026.Large companies including Amazon.com (AMZN), Google parent Alphabet (GOOGL), Microsoft (MSFT) and Exxon Mobil (XOM) reported stronger-than-expected quarterly results.The communication services sector had the largest percentage increase of the week, climbing 4.5%, followed by a 3.2% rise in energy, a 1.1% gain in consumer staples and a 1% advance in real estate. Financials, utilities, health care, consumer discretionary, industrials and technology also edged higher.Alphabet led the climb in communication services, with its shares jumping 12% on the week. Q1 results exceeded Wall Street's estimates as revenue for Google's cloud and services businesses climbed.Verizon Communications (VZ) also boosted the communication services sector. The shares rose 3.7% as the company raised its full-year earnings outlook and reported a Q1 profit above market estimates.The energy sector's advance came as crude oil futures remained elevated, with no end in sight for the U.S.-Iran conflict.Phillips 66 (PSX) rose 8.2% as the company swung to a Q1 adjusted profit per share after analysts had forecast a loss.Materials, the only sector that fell this week, shed 2%.Newmont (NEM) had the largest weekly loss in the materials sector with the shares down 10% even as Q1 adjusted earnings per share and revenue topped Wall Street estimates. The company said it is on track to achieve its 2026 production outlook of 5.3 million attributable gold ounces.Next week's earnings calendar features Advanced Micro Devices (AMD), Walt Disney (DIS), McDonald's (MCD), Arista Networks (ANET) and Palantir Technologies (PLTR).The focal point of the economic data calendar will be the government's release of monthly jobs data on Friday. Other data due next week include new home sales and construction spending for February and March, as well as the first reading of consumer sentiment for May.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $190, raised $12, reflects a combination of relative valuation and DCF model analyses. On a relative basis, we apply an 8x multiple of enterprise value to projected 2027 EBITDA, above PSX's historical forward average. Our choice of a premium multiple is predicated on what we see as a strong refining margin environment in 2027. Our DCF model yields a value of $200 per share, using medium-term free cash flow growth of 5% per year and terminal growth of 2%, discounted at a weighted average cost of capital of 6.8%. We raise our 2026 EPS estimate by $4.74 to $15.54 and 2027's by $2.85 to $15.88. Our downgrade is on valuation, with shares up 37% YTD, and now trading slightly above its historical forward average. We do think the refining margin environment is likely to be strong in the near term, helped by a wide divergence between Brent and WTI crude oil benchmarks. However, we believe upside potential is largely priced into the shares at this point.
Phillips 66 (PSX) has an average rating of overweight and mean price target of $187, according to analysts polled by FactSet.Price: $177.03, Change: $+3.54, Percent Change: +2.04%
Phillips 66 (PSX) has an average rating of overweight and mean price target of $187, according to analysts polled by FactSet.Price: $177.03, Change: $+3.54, Percent Change: +2.04%
Phillips 66 (PSX) has an average rating of overweight and mean price target of $187 according to analysts polled by FactSet.Price: $175.03, Change: $+1.54, Percent Change: +0.89%
Phillips 66 (PSX) has an average rating of overweight and mean price target of $185.11 according to analysts polled by FactSet.
Energy stocks rose Wednesday with the NYSE Energy Sector Index adding 2% and the State Street Energy Select Sector SPDR ETF (XLE) gaining 2.1%.The Philadelphia Oil Service Sector Index advanced 0.9%, and the Dow Jones US Utilities Index shed 1.2%.Oil prices rallied after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal.West Texas Intermediate crude oil jumped 8% to $107.90 a barrel, and global benchmark Brent climbed 7.8% to $119.89 a barrel. Henry Hub natural gas futures for May fell 1.7% to $2.65 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 13.4 million barrels in the week ended Friday following a decrease of 2.2 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks dropped by 6.2 million-barrels after an increase of 1.9 million increase in the previous week, more than the drop of 190,000 expected in a survey compiled by Bloomberg.In corporate news, Phillips 66 (PSX) shares jumped 5%. The company reported Q1 adjusted earnings of $0.49 per diluted share, swinging from the loss of $0.90 a year earlier. Analysts polled by FactSet expected a loss of $0.54.Entergy (ETR) reported Q1 adjusted earnings of $0.86 per share, up from $0.82 a year earlier. Analysts polled by FactSet expected $0.84. The stock rose 1.3%.Bloom Energy (BE) shares surged 27% a day after the company reported Q1 adjusted earnings $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12.TotalEnergies (TTE) shares rose 1.4% after the company posted higher Q1 adjusted earnings and revenue.
(Updates with the latest stock move in the headline and in the first paragraph.)Phillips 66 (PSX) shares were up 4.6% in Wednesday trading after the company posted Q1 earnings compared with a loss last year and raised its annualized quarterly dividend.The company reported quarterly adjusted earnings of $0.49 per diluted share, swinging from an adjusted loss of $0.90 a share a year earlier.Analysts polled by FactSet expected a non-GAAP loss of $0.54 a share.The company raised its annualized quarterly dividend by 7%, according to the statement.Price: $173.00, Change: $+7.87, Percent Change: +4.77%
Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising about 2%.The Philadelphia Oil Service Sector Index was increasing 0.5%, and the Dow Jones US Utilities Index was shedding 0.5%.Oil prices rallied Wednesday after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.Front-month West Texas Intermediate crude oil jumped 7.3% to $107.18 a barrel, and the global benchmark Brent crude contract climbed 7.4% to $119.47 a barrel. Henry Hub natural gas futures fell 2.2% to $2.63 per 1 million BTU.In corporate news, Phillips 66 (PSX) shares jumped past 6%. The firm reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from a loss of $0.90 a share a year ago. Analysts polled by FactSet expected a loss of $0.54 a share. Phillips 66 also raised its annualized quarterly dividend by 7%.Bloom Energy (BE) shares surged nearly 24% after it reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. Revenue also handily beat market consensus.TotalEnergies (TTE) shares were up 0.9% after it posted higher Q1 adjusted earnings and revenue.
Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising about 2%.The Philadelphia Oil Service Sector Index was increasing 0.5%, and the Dow Jones US Utilities Index was shedding 0.5%.Oil prices rallied Wednesday after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.Front-month West Texas Intermediate crude oil jumped 7.3% to $107.18 a barrel, and the global benchmark Brent crude contract climbed 7.4% to $119.47 a barrel. Henry Hub natural gas futures fell 2.2% to $2.63 per 1 million BTU.In corporate news, Phillips 66 (PSX) shares jumped past 6%. The firm reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from a loss of $0.90 a share a year ago. Analysts polled by FactSet expected a loss of $0.54 a share. Phillips 66 also raised its annualized quarterly dividend by 7%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PSX surprised to the upside in Q1 with adjusted EPS of $0.49 vs. a loss of $0.90 in the prior year, beating consensus by $0.88. However, PSX incurred sizable $839M losses on derivative positions against just $200M in adjusted earnings. The WRB acquisition boosted net crude throughput capacity by 45k b/d to 1.993M b/d, while midstream expansion efforts increased Sweeny NGL fractionation capacity by 23% and Freeport LPG export dock capacity by 15%. Upcoming projects include the Iron Mesa gas plant (300 mmcf/d) and two polymers projects, both targeting 2027 startups. Refining utilization remained strong at 95% despite planned turnarounds, though realized margins declined to $10.11/b from $12.48/b sequentially. Midstream volumes pulled back from Winter Storm Fern, with NGL pipeline throughput dropping to 930 MBD vs. 1,006 MBD in Q4. We think the efficiency efforts can support increased LNG and LPG exports to Asia, which faces supply shortages following Strait of Hormuz blockades.
Energy stocks were edging higher pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 3.4% and the United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 3.7% higher at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $115.29 per barrel, and natural gas futures were down 2.5% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up 1% after the company posted higher Q1 adjusted earnings and revenue.Phillips 66 (PSX) stock was up more than 1% after the company reported that it swung to Q1 adjusted earnings.Delek US (DK) shares were up more than 4% after the company posted a swing to Q1 adjusted earnings as net revenue increased during the period.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.02% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Wednesday's premarket activity, ahead of the Federal Open Market Committee's policy decision.US stock futures were mixed, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures retreating 0.03%, and Nasdaq futures gaining 0.3% before the start of regular trading.The US Federal Reserve's Federal Open Market Committee will make its latest policy announcement at 2 pm ET, followed by a press conference by Fed Chair Jerome Powell.Mortgage applications declined in the week ending April 24 after a large increase in the previous week, as mortgage rates rose slightly, according to the Mortgage Bankers Association Wednesday.US housing starts rose to an annual pace of 1.502 million in March, topping forecasts of 1.38 million and increasing from 1.356 million previously.In March, US building permits fell to an annual rate of 1.372 million, missing expectations of 1.39 million and declining from 1.538 million in the prior reading.Durable goods orders rose 0.8% in March, beating expectations for a 0.5% increase and marking a rebound from the previous 1.2% drop.Weekly petroleum stocks data are due to be released at 10:30 am ET, followed by the Atlanta Federal Reserve Survey of Business Uncertainty for April at 11 am ET.In premarket activity, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 1.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.01%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.7%, and the iShares US Technology ETF (IYW) was 0.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 1.6%, while the iShares Semiconductor ETF (SOXX) rose by 1.8%.United Microelectronics (UMC) shares were up more than 8% in Wednesday's premarket activity after the company reported Q1 earnings and revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% lower.UBS Group (UBS) shares were up more than 5% pre-bell after the company reported higher Q1 earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was down 1.1%.AerCap Holdings (AER) stock was up more than 5% before the opening bell after the company reported higher Q1 revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.4%, the Vanguard Health Care Index Fund (VHT) lost 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was flat.GSK (GSK) stock was down more than 4% premarket even after the company reported higher Q1 core earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.1%. The iShares US Consumer Staples ETF (IYK) advanced 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) gained 0.1%, while the State Street SPDR S&P Retail ETF (XRT) was 0.2% lower.Yum China (YUMC) shares were up more than 3% pre-bell after the company reported Q1 adjusted earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was up 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.2%.Phillips 66 (PSX) stock was up more than 1% before the opening bell after the company reported it swung to Q1 adjusted earnings.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.3% to $103.22 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.3% to $2.66 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 3.4%, while the United States Natural Gas Fund (UNG) was 1.3% lower.Gold futures for May were down by 0.7% at $4,576.40 an ounce on the Comex. Silver futures retreated by 0.9% to $73.05 an ounce. SPDR Gold Shares (GLD) was 0.6% lower, and the iShares Silver Trust (SLV) fell by 0.6%.
Refiner and producer of chemicals and renewable fuels Phillips 66 (PSX) reported its operated refining capacity at 95% utilization in Q1 with a clean product yield of 87%, it said on Wednesday.The company increased fractionation capacity at Sweeny NGL and Freeport LPG export dock capacity by 23% and 15% respectively, reflecting "debottlenecking" in 2025, according to its Q1 financial results.Another advancement included progress on the Western Gateway Pipeline after a successful second open season that secured long-term shipper commitments.There was also progress during the quarter on the construction of the Iron Mesa gas plant that has a 300 million cubic feet per day design capacity. It is scheduled to start up in Q1, 2027.The company this month completed its acquisition of Lindsey Oil Refinery and logistics assets and it will use these to enhance its integrated business in the UK, it said.It said it advanced towards full operations by 2027 at the Ras Laffan Polymers Project in Qatar and the Chemicals Golden Triangle Polymers project in Orange, Texas.The chemicals segment of the business suffered from higher costs and lower volumes during the quarter mainly due to turnaround expenses.
Phillips 66 (PSX) reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from an adjusted loss of $0.90 a share a year earlier.Analysts polled by FactSet expected a non-GAAP loss of $0.54 a share.The company raised its annualized quarterly dividend by 7%, according to the statement.Phillips 66 shares were 2.2% higher in premarket trading.
Showing 101-120 of 133
