- Phillips 66 Q1 adjusted EPS stands at $1.90, falling short of the estimated $2.17.
- The chemicals adjusted pretax amount reached $205 million, surpassing an estimated $142.6 million.
- The Rodeo renewable fuels conversion and increasing commodity prices have negatively impacted the company’s inventory hedge positions.
- Despite high crude utilization rates, maintenance issues have affected the firm’s capacity to produce higher-value products.
- Investor consensus on Phillips 66 consists of 13 buys, 5 holds, and 2 sells.
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Phillips 66 on Smartkarma
Analysts on Smartkarma, like Baptista Research, have been closely monitoring Phillips 66 to provide insights for investors. In a report titled “Phillips 66: Is The Demand Recovery In The Refining Macro Enough To Warrant A Bullish Thesis? – Major Drivers,” they highlighted the company’s strong performance in the fourth quarter and full year of 2023. With a total shareholder return of 33% in 2023 and an 8% increase in quarterly dividend, Phillips 66 emphasized its diversified and integrated portfolio as key to delivering strong returns on capital employed.
Another report by Baptista Research, “Phillips 66: A Tale Of Asset Dispositions,” took a closer look at the company’s strategy amidst disappointments in meeting revenue and earnings expectations. Focusing on stable cash flows in Midstream, Phillips 66 aims to capitalize on opportunities in U.S. natural gas and natural gas liquids production. The analysts conducted a fundamental analysis of the company’s historical financial statements to provide valuable insights for investors.
A look at Phillips 66 Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Phillips 66, a downstream energy company, holds a promising long-term outlook as indicated by its Smartkarma Smart Scores. With a strong score in Growth and Momentum, the company is well-positioned for future expansion and market momentum. Additionally, the company’s scores in Value, Dividend, and Resilience highlight its stability and potential for solid returns over time. These scores reflect positively on Phillips 66‘s overall outlook in the energy sector.
Phillips 66‘s diversified operations, including oil refining, marketing, transportation, chemical manufacturing, and power generation, provide a robust foundation for sustained growth and resilience in the market. This, combined with its favorable Smart Scores in key areas, positions the company as a strong player in the industry with the potential for continued success and value creation for its investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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