Is Phillips 66 Stock a Buy?
Shares of Phillips 66 (NYSE: PSX) have been quite volatile this year. The refining company's stock tumbled more than 60% at one point because of the impact the COVID-19 outbreak had on demand for refined products like gasoline and jet fuel. While it has recovered some lost ground, shares are still down about 30% this year.
That sell-off likely has investors wondering if the oil stock is now worth buying. Here's a look at the case for and against buying shares these days.
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Source Fool.com
