PHILLIPS 66
(NYSE:PSX)
Balfour Capital Group Researched Phillips 66Â on August 10th, 2023.
Phillips 66 is a diversified energy manufacturing and logistics company headquartered in Houston, Texas. Established in 2012 following its spinoff from ConocoPhillips, the company operates across various segments, including refining, midstream, chemicals, and marketing specialties. Phillips 66 is involved in refining crude oil, transporting and marketing natural gas liquids (NGLs) and petrochemicals, and is active in the research and development of emerging energy sources. The company also has a joint venture with Chevron, known as Chevron Phillips Chemical.
Post Recommendation Price Trend Chart
- We have established a Buy recommendation at $115.52 on August 10th, 2023.
- Our designated price target stands at $135.00.
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Balfour Capital Group wants to clarify that our recommendation to Buy PHILLIPS 66 (PSX) is based on thorough research conducted by our dedicated teams.
We invest significant time and resources in analyzing market trends, financial data, and industry insights to provide well-informed guidance.
However, it is important to note that our recommendation does not guarantee any specific financial outcomes. The decision to act on our recommendation should be made at your discretion. Please be aware that investments carry inherent risks, and the value of investments can fluctuate, potentially resulting in financial loss.
*THIS INFORMATION IS PROVIDED FOR COMMERCIAL AND INDICATIVE PURPOSES ONLY AND MAY DIFFER FROM REALITY. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. TRADING WITH LEVERAGE INVOLVES A SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS.*