State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF vs Phillips 66 — how do they compare? State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF trades at $30.8, while Phillips 66 trades at $200.55 (market cap $78.65B). The key difference: Phillips 66 pays a 2.59% dividend while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF pays none, and Phillips 66 is trading nearer its 52-week high, State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF nearer its low. Which is the better fit depends on your goals.
| FLRN | PSX | |
|---|---|---|
Sector | Sector/Thematic | Energy |
52-Week High | $30.86 | $201.45 |
52-Week Low | $30.65 | $118.37 |
Market Cap | — | $78.65B |
Enterprise Value | — | $100.62B |
Dividend Yield | — | 2.59% |
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Phillips 66 (PSX) trades at $201.86, up 0.2% on the day, with a bullish technical signal and strong analyst support. The stock shows robust earnings beats in recent quarters, including Q1 2026's surprise profit, while maintaining solid profitability metrics like a 14.75% ROE. Recent news highlights refining margin strength and dividend consistency, with two $1.27 payouts in 2026. Cash flow trends improved in 2025, though revenue has declined from 2022 peaks.
PSX offers value with a P/E of 19.38 and P/S of 0.59, supported by 57% analyst buy ratings and a $201.50 consensus target. Risks include volatile refining margins, debt levels at 27.18% of assets, and revenue contraction since 2022. The stock's proximity to its 52-week high suggests limited near-term upside without new catalysts.
Trailing returns across standard periods
FLRN invests in U.S. dollar-denominated investment-grade floating rate notes with maturities under five years. It provides exposure to corporate and supranational debt whose interest payments adjust with market rates, helping to mitigate interest rate risk.
Read more on FLRN →Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, after converting its 255 mb/d Alliance refinery to a terminal. The midstream segment comprises extensive transportation and NGL processing assets. It also includes its DCP Midstream joint venture, which holds 45 natural gas processing facilities, 11 NGL fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
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