Why Wall Street Is Split on Phillips 66 (PSX) Even as Its Numbers Improve The energy sector has seen an unusual trend lately, with investors struggling to make sense of refining margins that have surpassed their typical mid cycle range.
One company stands out in this context: Phillips 66 (NYSE:PSX).
Despite its recent Q1 numbers being a stark departure from the expected losses predicted by Wall Street, the company's performance has not won over all skeptics.