AE Wealth Management LLC Cuts Stake in Phillips 66 by 7.4% in Q4
April 19, 2023
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Phillips 66 ($NYSE:PSX) is a multinational energy company that engages in the exploration, production, and sale of natural gas and oil. This decision was likely made due to market conditions as Phillips 66’s stock has seen a significant decrease in valuation over the last few months. Despite this decrease, the company’s strong financial performance and extensive pipeline network may still make it an attractive investment opportunity in the future.
Stock Price
The decrease in the stake of Phillips 66 by AE Wealth Management LLC has been seen as a sign of decreasing confidence, as the company is one of the leading energy companies in the United States and the world. Despite this, the stock still managed to close with a minor increase on Tuesday, suggesting that investors still have confidence in the company. 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 |
| 169.99k | 11.01k | 5.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phillips 66. More…
| Operations | Investing | Financing |
| 10.81k | -1.49k | -6.39k |
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 |
| 76.44k | 42.34k | 59.74 |
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 |
| 16.6% | 43.4% | 9.0% |
| FCF Margin | ROE | ROA |
| 5.1% | 33.1% | 12.5% |
Analysis
GoodWhale has analyzed the financials of PHILLIPS 66 and determined that the company has a high health score of 9/10 when it comes to its cashflows and debt. This means that PHILLIPS 66 is well-positioned to pay off its debt and fund future operations. Furthermore, GoodWhale has classified PHILLIPS 66 as a ‘cheetah’ type of company. This type of company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking to invest in PHILLIPS 66 should be aware that the company is strong in dividend and growth, but only medium in asset and profitability. They should also take into consideration the fact that the company’s health score is high and it is capable of paying off debt and funding future operations. Investors should also be aware of the risk associated with investing in a ‘cheetah’ type of company, even though it may offer high returns. 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.
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Summary
Phillips 66 is a publicly traded energy company which has seen a recent 7.4% reduction in ownership by AE Wealth Management LLC in the fourth quarter. Investing analysis in the company indicates that Phillips 66 is a high risk but potentially high reward option due to its track record of strong performance and its attractive dividend yield. Furthermore, its strong balance sheet, low debt to equity ratio, and solid cash flows all provide potential avenues for growth.
Additionally, the company has recently undertaken several large-scale projects, such as expanding its refining business and increasing its presence in the retail market, which could further drive growth. Ultimately, Phillips 66 is an attractive investment option for those willing to take on the risk.
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