Latest news with #oilrefiner
Yahoo
15-07-2025
- Business
- Yahoo
Phillips 66 (PSX) Stock Slides as Market Rises: Facts to Know Before You Trade
Phillips 66 (PSX) ended the recent trading session at $129.01, demonstrating a -2.05% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.14% for the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.27%. Shares of the oil refiner have appreciated by 7.83% over the course of the past month, outperforming the Oils-Energy sector's gain of 2.89%, and the S&P 500's gain of 3.97%. Market participants will be closely following the financial results of Phillips 66 in its upcoming release. The company plans to announce its earnings on July 25, 2025. It is anticipated that the company will report an EPS of $1.62, marking a 29.87% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $30.54 billion, down 21.51% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.17 per share and a revenue of $122.7 billion, indicating changes of -32.2% and -15.67%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Phillips 66. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 2.34% fall in the Zacks Consensus EPS estimate. Phillips 66 presently features a Zacks Rank of #4 (Sell). Valuation is also important, so investors should note that Phillips 66 has a Forward P/E ratio of 31.59 right now. This valuation marks a premium compared to its industry average Forward P/E of 18.57. Also, we should mention that PSX has a PEG ratio of 2.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. PSX's industry had an average PEG ratio of 1.74 as of yesterday's close. The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 20% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow PSX in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Phillips 66 (PSX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
12-07-2025
- Business
- Yahoo
Here's Why Valero Energy (VLO) Fell More Than Broader Market
Valero Energy (VLO) closed the most recent trading day at $153.05, moving -1.14% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.22%. Shares of the oil refiner witnessed a gain of 15.96% over the previous month, beating the performance of the Oils-Energy sector with its gain of 4.04%, and the S&P 500's gain of 4.07%. The investment community will be closely monitoring the performance of Valero Energy in its forthcoming earnings report. The company is scheduled to release its earnings on July 24, 2025. The company's upcoming EPS is projected at $1.75, signifying a 35.42% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $27.83 billion, down 19.3% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.18 per share and a revenue of $115.71 billion, signifying shifts of -27.12% and -10.91%, respectively, from the last year. Investors might also notice recent changes to analyst estimates for Valero Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.37% higher. As of now, Valero Energy holds a Zacks Rank of #3 (Hold). From a valuation perspective, Valero Energy is currently exchanging hands at a Forward P/E ratio of 25.03. This signifies a premium in comparison to the average Forward P/E of 18.64 for its industry. Meanwhile, VLO's PEG ratio is currently 2.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Refining and Marketing industry had an average PEG ratio of 1.75. The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 25% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
21-05-2025
- Business
- Wall Street Journal
Phillips 66 and Activist Elliott Set to Split Heated Boardroom Battle
Phillips 66 PSX -6.53%decrease; red down pointing triangle and Elliott Investment Management are poised to split a heated boardroom battle that culminated Wednesday, with the activist expected to win two of the four seats it wanted on the oil refiner's board, according to people familiar with the matter. The outcome shows shareholders wanted some change but rejected Elliott's call for a more sweeping board makeover.
Bloomberg
14-05-2025
- Sport
- Bloomberg
Phillips 66's Battle Against Elliott Builds to a Dramatic Finish
Hi, it's Crystal Tse in New York, previewing what's set to be a dramatic conclusion to a high-profile proxy battle at oil refiner Phillips 66. Also today, another big American sports team is on the block. Today's top stories
