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Phillips 66 (NYSE:PSX) is an undervalued name with strong earnings momentum, RNC Genter Capital Management's Dan Genter said Monday on CNBC's "The Exchange."
As the economy reopens, Genter expects that cyclicals will resume leadership. There is still value in value stocks, including Phillips 66, he said.
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The stock is "clearly undervalued," as it trades around a 12x price-to earnings ratio and pays a 4.4% dividend yield, Genter told CNBC.
Phillips 66 is one of the best plays in the energy space and it has significant upside from its current price, he added.
Related Link: What 11 Analyst Ratings Have To Say About Phillips 66
Phillips 66 is scheduled to release its second-quarter financial results on Aug 3.
Price Action: Phillips 66 has traded as high as $94.34 and as low as $43.27 over a 52-week period. The stock Monday at $82.40.
Photo: courtesy of Phillips 66.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.