Phillips 66 Intrinsic Value Calculator – Phillips 66 to Sell Non-Core Assets, Says CEO Robert Lashier
January 7, 2024
☀️Trending News
Phillips 66 ($NYSE:PSX), a leading energy company, has recently announced that it is in negotiations to sell its non-core assets. The announcement was made by the company’s CEO, Robert Lashier, who also noted that this plan should help Phillips 66 focus on its core businesses in the future. It is the second largest refiner in the United States and produces fuels, lubricants, petrochemicals, and other products.
The company also has an extensive network of midstream operations, including pipelines, railcars, and marine vessels. The sale of non-core assets is part of Phillips 66’s strategy to maximize returns for its shareholders and improve operational efficiency.
Share Price
On Friday, PHILLIPS 66 made the announcement that CEO Robert Lashier had declared plans to sell some non-core assets in the near future. This news saw the company’s stock open at $136.4 and close at $135.2. This decision comes as part of PHILLIPS 66’s ongoing effort to streamline their operations and focus on their core business, in line with increasing market demands for cost-effectiveness and efficiency. PHILLIPS 66 has yet to confirm which non-core assets will be sold, but investors are expecting further clarity soon. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phillips 66. More…
| Total Revenues | Net Income | Net Margin |
| 149.41k | 7.64k | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phillips 66. More…
| Operations | Investing | Financing |
| 9.59k | -1.41k | -8.51k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phillips 66. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 74.89k | 43.83k | 67.95 |
Key Ratios Snapshot
Some of the financial key ratios for Phillips 66 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.8% | 43.4% | 7.5% |
| FCF Margin | ROE | ROA |
| 4.7% | 23.3% | 9.3% |
Analysis – Phillips 66 Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of PHILLIPS 66‘s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of PHILLIPS 66 share to be approximately $111.3. Currently, PHILLIPS 66 stock is being traded at $135.2, which is an overvaluation of 21.4%. It should be noted, however, that this is only one of many aspects to consider when making any investment decision. More…
Peers
Phillips 66 is an American multinational energy company headquartered in Houston, Texas. It was founded in 1917 and is engaged in the refining, marketing, and transportation of petroleum products, chemicals, and other petrochemical products. The company has a market capitalization of $46.61 billion as of February 2021. Phillips 66 is one of the largest refiners in the United States with a refining capacity of 2.2 million barrels per day. The company operates in three segments: Refining, Midstream, and Chemicals. The Refining segment engages in the refining of crude oil and other feedstocks into transportation fuels, such as gasoline, diesel fuel, aviation fuel, and heavy fuel oils, as well as other refined products, such as petrochemicals and lubricants. The Midstream segment provides transportation, storage, and marketing services for crude oil, natural gas liquids (NGLs), and natural gas. The Chemicals segment manufactures and markets chemicals and plastics.
– Targa Resources Corp ($NYSE:TRGP)
Targa Resources Corp is an American energy company that engages in the gathering, processing, and transportation of natural gas and natural gas liquids. The company has a market cap of 15.21B as of 2022 and a Return on Equity of 45.39%. Targa Resources is headquartered in Houston, Texas.
– PT Surya Esa Perkasa Tbk ($IDX:ESSA)
Surya Esa Perkasa Tbk is one of the largest publicly traded companies in Indonesia. It has a market capitalization of 15.03 trillion as of 2022 and a return on equity of 49.72%. The company is engaged in the production and distribution of cement, asphalt, and other building materials. It also has a significant presence in the mining, power generation, and construction industries.
– ONEOK Inc ($NYSE:OKE)
ONEOK, Inc. is a diversified energy midstream service provider and owns one of the largest natural gas gathering and processing systems in the U.S. The company operates in three segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL) Transportation, and NGLs Sales and Services.
ONEOK’s market cap as of 2022 is 24.88B. The company has a ROE of 28.78%.
Summary
Phillips 66 is currently in discussions to divest a number of non-core assets, according to CEO Greg Lashier. This move is part of an overall strategy to focus on core business activities and increase shareholder value. Investors looking to capitalize on this potential opportunity should keep an eye on the company’s announcements for further information.
Phillips 66 has a strong balance sheet, and any divestitures could provide capital to help with share repurchase and dividend payments. Long-term investors should monitor the situation to gauge the impact of any divestitures and consider their overall investment outlook for Phillips 66.
Related Posts
Recent Posts
