PSX News and Press, Phillips 66 From 03/28/23

2023-03-28 12:38:17 ET Marathon Petroleum ( NYSE: MPC ) was downgraded Tuesday at J.P. Morgan to Neutral from Overweight with a $149 price target on valuation, as the stock has been the top performer among oil refiners since the start of the pandemic, driven by a combination of ...

"GLOBAL VOLUNTEER MONTH" Celebrates Volunteers Throughout April and Shines a Light on the Importance of Civic Engagement PR Newswire ATLANTA , March 27, 2023 /PRNewswire/ -- Global Volunteer Month , from April 1 – 30, 2023, is a time to recognize v...

2023-03-23 19:37:08 ET California moved a step closer Thursday to enacting first-of-its-kind legislation that would penalize oil companies for "price gouging ," after the state Senate easily passed the measure in an Extraordinary Session convened to fast-track the bill. The meas...

2023-03-21 14:20:18 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Although passive income has always been a strong component of a well-balanced portfolio, investors may want to pay particular attention to high-yield dividend stocks to buy. Should the Fede...

2023-03-20 22:42:10 ET California Governor Gavin Newsom scored a scaled-back win in his battle with oil and gas companies Monday after the state legislature struck a deal on a proposal to establish a year-round watchdog that will monitor California's petroleum market on a daily basi...

2023-03-20 18:03:10 ET Summary Refinery capacity in the U.S. is stressed to serve the market with needed gasoline and jet fuels, leading to high profit margins. Following the Phillips 66 acquisition of DCP Midstream, profits and stability are expected to grow. Phillips 66 has ...

2023-03-18 04:08:11 ET Summary Recent gloomy economic conditions are an opportunity to hunt bargains and position your portfolio for market beating future returns. Based on valuation, profitability, and durable demand, the US refining sector is a good place to look for value and s...

2023-03-16 12:02:18 ET Summary Oil prices crashed this week on macro worries. The longer-term outlook for oil prices and thus the Energy Select Sector SPDR ETF is far from bad. Many oil equities are attractively priced right now. Article Thesis Due to recession f...

2023-03-15 10:17:21 ET Summary The First Trust Energy Income & Growth ETF is a closed-end fund ("CEF") that focuses on publicly traded energy MLPs. FEN currently charges a total expense fee of 1.44%, which is arguably quite high despite the relatively high level of income and ...

2023-03-13 10:11:38 ET Shares of oil and gas producers fall sharply in early trading on Monday after oil prices plunged as much as 5% on concerns that the failures of Silicon Valley Bank and Signature Bank could lead to an economic slowdown which saps demand for crude oil. Crude...