We track any product for you and notify you once the product dropped below your desired price. Set up a price watch directly from the product page. The new payment annualizes to $1.15 and yields 2%.Amazon Price History charts for millions of products (Amazon and Marketplace prices), even for different versions, colors or sizes of a product. The bottom-line EPS compares favorably to the $0.83 from 4Q21 – but even so, the 4Q22 EPS was 92 cents below expectations.Įven with the mixed quarterly results, Shell saw fit to raise its dividend in Q4, bumping it up from 25 cents per common share to 28.75 cents, an increase of 15%. Drilling down, this income gave an adjusted EPS of $1.39. These combined operations brought Shell a total of $101.3 billion in top-line revenues for 4Q22, the most recent period reported, up 18% year-over-year – and beating the forecast by an impressive $59.97 billion.Īt the bottom line, Shell had $9.8 billion in adjusted earnings for 4Q22, up 3.1% y/y. In addition, Projects & Tech also provides needed technical capabilities and services in the operational divisions. Outside of these activities, Shell also has a Projects & Technology division that drives the company’s research and innovation projects into new solutions for energy tech. Operations in these segments include everything from exploration and extraction activities, to natural gas liquefaction and delivery, to renewable hydrogen and low-carbon power production, to fuel and energy delivery to more than 32 million customers. Shell is also one of the oil sector’s most diversified companies, with its operations divided into four segments: Upstream, Integrated Gas, Renewables & Energy Solutions, and Downstream. Shell is one of the world’s largest oil companies, a mega-cap firm with a $200 billion market cap.
The stock’s average price target stands at $128.80 and implies a 25% upside from the current share price of $102.84. Overall, PSX shares have a Moderate Buy rating from the analyst consensus, based on 10 recent analyst reviews with a breakdown of 6 Buys to 4 Holds. (To watch Mehta’s track record, click here) The figure implies shares will be valued 22% higher in a year’s time. To this end, Mehta rates PSX shares a Buy along with a $125 price target. “We see room for investors to get more positive on the outlook for medium and longer term business transformation, with potential upside in earnings forecasts to the extent the company delivers on its cost reduction targets and any potential uplift from the recently announced DCP transaction,” the analyst added. On our 2024 estimates, PSX trades at only 8.3X P/E compared to the sector average of 10.6X P/E, representing an attractive entry point.” The annualized dividend now yields 4%.Īmong the bulls is Goldman’s Neil Mehta, who writes of Phillips: “Our top pick in the group remains Phillips 66, which is on the Americas Conviction List.
Management authorized a $5 billion increase to the firm’s share repurchase program, and in the most recent declaration the company raised its dividend payment by 8 cents, or 8.2%, to $1.05 per common share. This total included the $4.8 billion in operating cash flow generated in Q4. The company has plenty of cash resources, and finished 2022 with $12.8 billion in liquid assets, including $6.1 billion in cash. While impressive, that figure came in below the consensus estimate of $4.35. Turning to Phillips’ financial results, the company saw non-GAAP EPS of $4 in 4Q22, up 35% year-over-year. In addition, Phillips produces fuels for the aviation industry, and its chemical products can be found in industry, agribusiness, and the medical and pharmaceutical sectors. The Phillips 66 shield – the ubiquitous gas station sign modeled on interstate highway numbers – is recognized across the country, as are names like Conoco and 76. Phillips currently operates 13 refineries, which together produce a wide range of fuels and fuel oils that the company markets under multiple brand names. Phillips brings crude oil and gas products to the refineries, and markets a wide range of fuel products, as well as lubricating oils, industrial chemicals, and petrochemicals. The company has a presence in most aspects of the oil and gas industries. Let’s take a closer look.įirst up is Houston-based Phillips 66, an oil major that saw total revenues exceed $111 billion in 2021 and jump to $170 billion in 2022. Both are Buy-rated names with double-digit upside potential, and offer a small dividend as a bonus. Against the backdrop, Goldman Sachs analysts have pointed out potential two energy winners for the months ahead.
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