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Phillips 66 Investors Are In A Great Place

May 03, 2021 9:26 AM ETPhillips 66 (PSX)9 Comments
Leo Nelissen profile picture
Leo Nelissen


  • Phillips 66 reported great results in a very challenging first quarter due to the pandemic and the impact of severe weather in the South.
  • Nonetheless, while the company burned some cash, it is expected to generate enough free cash flow going forward to cover its dividends and further repay debt.
  • The stock is fairly valued and offers investors the opportunity to invest in a cyclical but long-term profitable dividend growth stock.
Phillips 66 Tankstelle Zeichen
Photo by StockPhotoAstur/iStock Editorial via Getty Images

In March, I called Phillips 66 (NYSE:PSX), a fantastic dividend stock as I like the company's turnaround potential and its ability to use non-recession years to significantly boost shareholder value through dividends and buybacks. In this article, I get to confirm

This article was written by

Leo Nelissen profile picture
Welcome to my Seeking Alpha profile!I'm a buy-side financial markets analyst specializing in dividend opportunities, with a keen focus on major economic developments related to supply chains, infrastructure, and commodities. My articles provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. I aim to keep you informed of the latest macroeconomic trends and significant market developments through engaging content. Feel free to reach out to me via DMs or find me on Twitter (@Growth_Value_) for more insights.Thank you for visiting my profile!

Analyst’s Disclosure: I am/we are long VLO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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