3.6% Yield And Undervalued - Phillips 66 Is A Top-Tier Income Play

Nov. 20, 2023 9:56 AM ETPhillips 66 (PSX) StockPSX6 Comments

Summary

  • Phillips 66 offers investors a unique opportunity to play the energy sector through well-diversified refining and chemicals exposure.
  • The company has consistently outperformed its energy peers and has reported stellar earnings and improved operations.
  • Shareholders are in a good place with increased shareholder distributions, a protected dividend, and a commitment to higher dividends.
  • Looking for a helping hand in the market? Members of iREIT® on Alpha get exclusive ideas and guidance to navigate any climate. Learn More »

Phillips 66 Sign Against Sky

Joe_Potato

Introduction

Phillips 66 (NYSE:PSX) is a fascinating energy play for a wide number of reasons. Although the company is a member of the energy sector, it provides investors with the opportunity to play a different angle of the industry: well-diversified refining

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This article was written by

42.9K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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