Phillips 66: Target Price At $100 Per Share
Comps analysis between HF Sinclair and Phillips 66. Positive tailwinds ongoing. More shareholder friendly, we reiterate our buy rating.
U.S. Oil and Gas Refining and Marketing Industry Analysis
UpdatedMay 29, 2022
DataAggregated Company Financials
Companies44
- 7D6.8%
- 3M35.9%
- 1Y43.2%
- YTD48.2%
In the last week, the Oil and Gas Refining and Marketing industry is up 6.8%, with Phillips 66 leading the way, up 8.5%. This means that the industry has gained 43% over the past year. Looking forward, earnings are forecast to decline by 9.0% per year.
Industry Valuation and Performance
Has the U.S. Oil and Gas Refining and Marketing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 29 May 2022 | US$196.8b | US$538.1b | US$9.1b | 10.6x |
| Tue, 26 Apr 2022 | US$161.0b | US$469.5b | US$4.8b | 12x |
| Thu, 24 Mar 2022 | US$149.3b | US$468.5b | US$4.7b | 13.9x |
| Sat, 19 Feb 2022 | US$146.0b | US$462.9b | US$4.0b | 12.9x |
| Mon, 17 Jan 2022 | US$150.5b | US$396.8b | -US$565,093,930.00 | 12.2x |
| Wed, 15 Dec 2021 | US$129.3b | US$397.6b | -US$618,676,930.00 | 11.8x |
| Fri, 12 Nov 2021 | US$143.5b | US$397.9b | -US$562,275,789.00 | 8.2x |
| Sun, 10 Oct 2021 | US$144.5b | US$340.2b | -US$5,787,624,513.00 | 7.9x |
| Tue, 07 Sep 2021 | US$125.1b | US$340.1b | -US$5,725,695,044.92 | 6.7x |
| Thu, 05 Aug 2021 | US$125.7b | US$341.1b | -US$5,632,039,250.00 | 6.8x |
| Sun, 09 May 2021 | US$136.6b | US$273.6b | -US$5,435,349,828.00 | 7.2x |
| Wed, 10 Feb 2021 | US$112.2b | US$274.7b | -US$19,744,483,856.00 | 18.5x |
| Tue, 03 Nov 2020 | US$69.2b | US$333.9b | -US$14,089,037,798.00 | 7.9x |
| Fri, 07 Aug 2020 | US$94.3b | US$367.1b | -US$9,546,751,672.00 | 11x |
| Thu, 30 Apr 2020 | US$96.7b | US$436.2b | -US$7,590,298,654.00 | 12.5x |
| Sun, 02 Feb 2020 | US$136.3b | US$448.9b | US$9.6b | 11.2x |
| Wed, 06 Nov 2019 | US$164.0b | US$453.7b | US$10.9b | 12.6x |
| Sat, 10 Aug 2019 | US$149.0b | US$458.9b | US$12.3b | 14.9x |
Median PE Ratio
11.5x
Current Industry PE
- Investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 11.2x.
- Future earnings are expected to decline by 9.0% which could cause market valuations to fall.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does U.S. Oil and Gas Refining and Marketing compare with similar industries?
| US Market | 6.18% | |
| Energy | 8.68% | |
| Oil and Gas | 8.28% | |
| Oil and Gas Refining and Marketing | 6.83% | |
| Oil and Gas Exploration and Production | 12.22% | |
| Coal and Fuels | 7.36% | |
| Integrated Oil and Gas | 6.68% | |
| Oil and Gas Storage and Transportation | 5.89% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PSX Phillips 66 | US$101.73 | 8.5% +US$3.8b | 20.8% | PS19.3x | |
| VLO Valero Energy | US$131.81 | 7.2% +US$3.6b | 63.9% | PS21.3x | |
| MPC Marathon Petroleum | US$102.10 | 5.7% +US$3.0b | 65.2% | PS21.2x | |
| DINO HF Sinclair | US$49.85 | 7.3% +US$754.5m | 53.5% | PS19.8x | |
| CVI CVR Energy | US$34.83 | 9.4% +US$301.6m | 67.9% | PS22.2x |