PSX

Phillips 66

Industrial/Transportation


Presented:12/16/2014
Price:$67.04
Cap:$37.10B
Current Price:$131.40
Cap:$55.00B

Presented

Date12/16/2014
Price$67.04
Market Cap$37.10B
Ent Value$40.21B
P/E Ratio8.8x
Book Value$39.29
Div Yield3%
Shares O/S553.51M
Ave Daily Vol4,570,000
Short Int1.75%

Current

Price$131.40
Market Cap$55.00B
Phillips 66 is a downstream energy company. The Company's segment includes Refining and Marketing (R&M), Midstream and Chemicals businesses. Its Chemicals business is conducted through its 50% interest in Chevron Phillips Chemical Company LLC.

Publicly traded companies mentioned herein: DCP Midstream Partners LP (DPM), LyondellBasell Industries NV (LYB), Phillips 66 (PSX), Phillips 66 Partners LP (PSXP), Valero Energy Corp (VLO)

Highlights

Two presenters discussed Phillips 66 (PSX), and debated whether or not its shares represent a good value at ~$67. The first presenter said he is inclined to be short refiners – and PSX in particular - due to a variety of factors he sees as headwinds for the company over the next 6-12 months (we’ll refer to him as “the Bear”); however, the second presenter (who we’ll refer to as “the Bull”) has a much more optimistic view of the risk/ reward and long run outlook, but conceded that the next quarter (or possibly two) could be challenging.

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Idea Discussion

Commentor 1 - 2 weeks ago

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