Phillips 66 (NYSE:PSX) Stock Rating Upgraded by Zacks Research

Phillips 66 (NYSE:PSX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on PSX. Piper Sandler upped their price objective on shares of Phillips 66 from $170.00 to $171.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Wolfe Research upped their price target on Phillips 66 from $158.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Cowen reiterated a “buy” rating on shares of Phillips 66 in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Phillips 66 in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average price target of $148.35.

Phillips 66 Trading Down 0.1%

Phillips 66 stock opened at $128.95 on Thursday. The firm has a market cap of $51.96 billion, a PE ratio of 35.23, a P/E/G ratio of 0.67 and a beta of 0.92. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $144.96. The stock’s 50 day simple moving average is $135.84 and its two-hundred day simple moving average is $129.90. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. The firm had revenue of $33.69 billion during the quarter, compared to analyst estimates of $32.29 billion. During the same period in the previous year, the firm earned $2.04 EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Insider Buying and Selling

In other Phillips 66 news, EVP Brian Mandell sold 25,500 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares in the company, valued at $7,959,593.52. This represents a 30.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the transaction, the chief financial officer directly owned 89,771 shares in the company, valued at $12,388,398. This trade represents a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 86,093 shares of company stock worth $11,933,256. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Phillips 66

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elliott Investment Management L.P. lifted its position in shares of Phillips 66 by 1,929.0% during the first quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock worth $1,941,723,000 after purchasing an additional 14,950,000 shares in the last quarter. Vanguard Group Inc. increased its stake in Phillips 66 by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after buying an additional 5,978,841 shares during the period. Chronos Wealth Management LLC purchased a new stake in Phillips 66 during the 2nd quarter worth $281,000. Edgestream Partners L.P. acquired a new position in Phillips 66 in the 2nd quarter worth $4,952,000. Finally, Evergreen Wealth Solutions LLC purchased a new position in Phillips 66 in the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Key Headlines Impacting Phillips 66

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Zacks Research upgraded PSX to a “Strong-Buy” and raised near-term and multi-year EPS forecasts (Q4 2025, Q1–Q3 2026, FY2025–FY2027), signaling stronger expected earnings momentum that could justify rerating and attract inflows. Zacks Research Coverage
• Positive Sentiment: Zacks added PSX to its Rank #1 (Strong Buy) lists (both “Best Income Stocks” and “New Strong Buy Stocks”), increasing visibility among income and quant-focused investors who follow Zacks’ models. Best Income Stocks to Buy for Dec. 19 New Strong Buy Stocks for Dec. 19
• Neutral Sentiment: Phillips 66 management (CEO Mark Lashier) will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference — a chance to reinforce strategy, capital allocation and margin outlook; useful for sentiment but not an immediate earnings event. Conference Participation
• Negative Sentiment: Wall Street Zen lowered its rating on PSX, introducing some countervailing analyst skepticism that could dampen momentum from the Zacks action if other shops follow. Wall Street Zen Rating Cut

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.