Phillips 66 (PSX) stock still looks undervalued to value buyers with its 4.33% dividend yield and 8x forward P/E multiple. Moreover, covered call and short put investors have attractive income plays.
We discussed the company's earnings and valuation in our last article on May 5, “Phillips 66 Impresses Investors With Its 4.5% Dividend Yield And 10% Total Yield.” At the time PSX stock was at $92.98, and as of today, June 6, it is up slightly to $96.60.
