Phillips 66 (PSX): Today's Featured Energy Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Phillips 66 fell $1.12 (-1.9%) to $56.92 on average volume. Throughout the day, 4,323,232 shares of Phillips 66 exchanged hands as compared to its average daily volume of 4,040,500 shares. The stock ranged in price between $56.71-$58.28 after having opened the day at $58.19 as compared to the previous trading day's close of $58.04. Other companies within the Energy industry that declined today were:
(
), down 5.9%,
(
), down 4.5%,
(
), down 4.1% and
(
), down 3.9%.
Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $35.7 billion and is part of the basic materials sector. Shares are up 9.3% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Phillips 66
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
- You can view the full Phillips 66 Ratings Report.
On the positive front,
Aegean Marine Petroleum Network
(
), up 11.4%,
(
), up 7.1%,
Houston American Energy Corporation
(
), up 7.0% and
(
), up 6.6% , were all gainers within the energy industry with
Occidental Petroleum Corporation
(
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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