Why Phillips 66 Is Ready to Rebound
With that in mind, let's take a closer look at Phillips 66 and see what CAPS investors are saying about the stock right now.
Oil and gas refining and marketing
Chairman/CEO Greg Garland
CFO Gregory Maxwell
Trailing-12-Month Return on Equity
$3.5 billion / $7.0 billion
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 98% of the 302 members who have rated Phillips 66 believe the stock will outperform the S&P 500 going forward.
There will be a growing demand for gasoline in both domestic and foreign markets. Phillips 66 not only has several refineries to meet this demand, it is in a position to change over to the relatively inexpensive domestic oil from foreign oil. This change alone should add significant profits.
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The article Why Phillips 66 Is Ready to Rebound originally appeared on Fool.com.Motley Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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