Phillips 66 Stock Intrinsic Value – Analyzing Short Interest in Phillips 66: What Investors Need to Know
December 24, 2023
☀️Trending News
Phillips 66 ($NYSE:PSX) is a diversified global energy manufacturer and marketer with midstream, chemicals, refining, and marketing and specialties businesses. The company’s operations are divided into four segments: Refining, Midstream, Chemicals and Marketing and Specialties. Recently, Benzinga released an article examining the short interest in Phillips 66. The article provides an overview of the short interest in Phillips 66 and discusses why this is important for investors to understand.
Additionally, the article also examines how recent events haven impacted the short interest in Phillips 66 and whether this could be an opportunity for investors to capitalize on. It looks at the past trends of the short interest and how recent market events have impacted it, as well as provides insight into whether it is a good indicator of future performance. By understanding the short interest in Phillips 66, investors can make more informed decisions regarding their investments.
Stock Price
Friday marked a relatively quiet day for Phillips 66 (PSX), with the stock opening at $135.6 and closing at $134.1, down by a marginal 0.2% from its previous closing price of 134.3. Investors seeking to gain insight into the company’s short interest must analyze the stock’s market activity and fundamentals in order to make an informed decision. Overall, investors should analyze Phillips 66’s short interest and fundamentals in order to make an informed decision on whether the stock is worth investing in or not. 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 Stock Intrinsic Value
GoodWhale has conducted an analysis of PHILLIPS 66’s fundamentals and arrived at a fair value for the company’s shares of $110.9, calculated by our proprietary Valuation Line. Our analysis suggests that the current trading price of $134.1 is overvalued by 20.9%. This may present a buying opportunity for investors, who have the potential to benefit from a share price correction back to its fair value. 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 a diversified energy manufacturing and logistics company with a focus on midstream, chemicals, refining, and marketing and specialties businesses. Analyzing Phillips 66’s short interest provides investors with an additional perspective on potential trading opportunities. Short interest is the total number of shares that have been sold short in the stock, which can indicate the level of bearish sentiment and how much potential buying pressure remains.
By analyzing short interest, investors can identify possible buying opportunities or anticipate potential bearish moves. Therefore, investors should keep a close eye on Phillips 66’s short interest to better assess their position in the stock.
