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PSX vs. TRGP: Phillips 66 vs. Targa Resources Stock Comparison

How do Phillips 66 (PSX) and Targa Resources (TRGP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Phillips 66 (PSX) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though PSX is classified under Oil & Gas Refining & Marketing while TRGP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Phillips 66 (PSX) and Targa Resources (TRGP)
Profile ItemPSXTRGP
NamePhillips 66Targa Resources Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Refining & MarketingOil & Gas Storage & Transportation
Market Capitalization95.85 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 12, 2012December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PSX
TRGP
GSPC
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Phillips 66 (PSX) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Phillips 66 (PSX) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Phillips 66 (PSX) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Total Return (1Y)88.91%61.02%
Total Return (3Y, Annualized)36.18%51.25%
Total Return (5Y, Annualized)30.83%39.54%

Risk Profile

Drawdown History

PSX
TRGP
GSPC
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Phillips 66 (PSX) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Phillips 66 (PSX) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Volatility (1Y, Annualized)33.42%29.62%
Beta (5Y)0.720.79
Max Drawdown (5Y)-44.37%-31.61%
Avg. Volume (3M)2.92M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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PSX and TRGP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Sharpe Ratio (1Y)2.531.92
Sortino Ratio (1Y)3.932.91

Profitability

ROE (TTM)

Both companies show strong equity returns, but Targa Resources (TRGP) at 73.42% is the standout with ROE above its industry range; Phillips 66 (PSX) at 39.84% also sits in the top quartile.

PSX

Energy industry group

39.84%

Max
53.85%
PSX
39.84%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Phillips 66 (PSX) at 7.48% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PSX

Energy industry group

7.48%

Max
56.92%
Q3
22.92%
Median
10.10%
PSX
7.48%
Q1
0.07%
Min
-27.38%

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Phillips 66 (PSX) at 13.17% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

PSX

Energy industry group

13.17%

Max
71.31%
Q3
33.75%
Median
18.73%
PSX
13.17%
Q1
6.94%
Min
-24.52%

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
ROE (TTM)39.84%73.42%
ROA (TTM)10.64%9.52%
Net Margin (TTM)7.48%13.46%
Operating Margin (TTM)13.17%19.58%
Gross Margin (TTM)15.08%41.82%

Growth

Revenue Growth

Targa Resources (TRGP) at 3.95% is around its peer norm for revenue growth, while Phillips 66 (PSX) at -7.53% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Phillips 66 (PSX) at 116.23% and Targa Resources (TRGP) at 46.92% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Revenue Growth (YoY)-7.53%3.95%
Revenue Growth (3Y CAGR)-8.00%-6.65%
EPS Growth (YoY)116.23%46.92%
EPS Growth (3Y CAGR)-22.60%30.53%

Financial Strength

Current Ratio (MRQ)

Phillips 66 (PSX) at 1.34 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.

PSX

Energy industry group

1.34

Max
3.64
Q3
2.21
Median
1.41
PSX
1.34
Q1
0.88
Min
0.24

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Phillips 66 (PSX) at 0.52 is near its industry mid-range for debt-to-equity ratio, while Targa Resources (TRGP) at 5.01 sits above its benchmark range, pointing to a heavier debt load relative to equity.

PSX

Energy industry group

0.52

Max
1.75
Q3
0.93
Median
0.54
PSX
0.52
Q1
0.30
Min
0.00

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Current Ratio (MRQ)1.340.74
Debt / Equity (MRQ)0.525.01
Net Debt / EBITDA0.823.38

Dividends

Dividend Yield (TTM)

Both Phillips 66 (PSX) at 2.03% and Targa Resources (TRGP) at 1.75% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

PSX

Energy industry group

2.03%

Max
8.57%
Q3
3.58%
PSX
2.03%
Median
1.71%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Phillips 66 (PSX) at 16.07% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

PSX

Energy industry group

16.07%

Max
133.24%
Q3
53.31%
Median
25.24%
PSX
16.07%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
Dividend Yield (TTM)2.03%1.75%
Dividend Payout Ratio (TTM)16.07%39.82%

Valuation

P/E Ratio (TTM)

Phillips 66 (PSX) at 7.88 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.

PSX

Energy industry group

7.88

Max
39.54
Q3
21.72
Median
12.19
PSX
7.88
Q1
7.71
Min
2.99

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Phillips 66 (PSX) at 0.57 looks cheap on sales in the lower P/S ratio quartile, while Targa Resources (TRGP) at 3.12 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

PSX

Energy industry group

0.57

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
PSX
0.57
Min
0.00

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Phillips 66 (PSX) at 2.79 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

PSX

Energy industry group

2.79

Max
4.21
PSX
2.79
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Phillips 66 (PSX) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Phillips 66 (PSX) and Targa Resources (TRGP)
MetricPSXTRGP
P/E Ratio (TTM)7.8823.42
P/S Ratio (TTM)0.573.12
P/B Ratio (MRQ)2.7914.87
Free Cash Flow Yield (TTM)9.93%0.29%