- Adjusted Earnings Per Share (EPS): Phillips 66 reported an adjusted EPS of $2.31. This beats the estimated EPS of $1.98.
- Refining Margin Per Barrel: The refining margin per barrel was $10.01, slightly below the estimate of $10.43.
- Cash Flow from Operations: Phillips 66 generated $2.10 billion in cash flow from operations, surpassing the estimate of $1.56 billion.
- Operating Expenses: The company’s operating expenses totaled $884 million.
- Analyst Ratings: The stock has 12 buy ratings, 7 hold ratings, and 1 sell rating.
Phillips 66 on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely monitoring Phillips 66. In one report titled “Phillips 66: Potential For Expanded Flexibility With Trans Mountain Pipeline & Other Major Developments,” the company’s first-quarter earnings for fiscal 2024 were highlighted. Despite facing some obstacles, President and CEO Mark Lashier noted strong crude utilization rates during the quarter. However, maintenance work impacted the company’s ability to produce higher-value products.
Another report by Baptista Research, titled “Phillips 66: Is The Demand Recovery In The Refining Macro Enough To Warrant A Bullish Thesis? – Major Drivers,” praised the company’s strong performance in the fourth quarter and full year 2023. Phillips 66 reported a total shareholder return of 33% in 2023 and increased its quarterly dividend by 8%. The company emphasized its diversified and integrated portfolio as a key business strategy, delivering strong returns on capital employed and a high payout ratio supported by dividend growth.
A look at Phillips 66 Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 4 | |
Growth | 5 | |
Resilience | 3 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.6 |
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 with operations in oil refining, marketing, transportation, chemical manufacturing, and power generation, has received a mixed outlook based on Smartkarma Smart Scores. While the company shows strength in areas like dividend and growth, with scores of 4 and 5 respectively, it demonstrates average performance in value, resilience, and momentum, scoring 3 in each category.
The outlook for Phillips 66 indicates a promising potential for growth and decent returns for investors, highlighted by the strong scores in dividend and growth. However, there are areas that may warrant further attention, such as the company’s value, resilience, and momentum factors, which could impact its overall performance in the long term.
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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