Wall Street Zen Downgrades Phillips 66 (NYSE:PSX) to Hold

Phillips 66 (NYSE:PSX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently weighed in on PSX. BMO Capital Markets boosted their price objective on shares of Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. Cowen reiterated a “buy” rating on shares of Phillips 66 in a report on Thursday, October 30th. Jefferies Financial Group increased their price objective on shares of Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. TD Cowen boosted their target price on Phillips 66 from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Piper Sandler upped their target price on Phillips 66 from $170.00 to $171.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.35.

Phillips 66 Price Performance

NYSE:PSX opened at $128.95 on Friday. The firm has a market capitalization of $51.96 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 0.67 and a beta of 0.92. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $144.96. The business has a 50 day simple moving average of $135.84 and a 200-day simple moving average of $130.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87.

Phillips 66 (NYSE:PSX) last released 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 return on equity of 5.53% and a net margin of 1.12%.The firm had revenue of $33.69 billion for the quarter, compared to the consensus estimate of $32.29 billion. During the same quarter in the previous year, the company posted $2.04 EPS. Equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $138.00, for a total value of $4,140,000.00. Following the completion of the sale, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. This represents a 25.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $140.00, for a total value of $615,020.00. Following the transaction, the executive vice president directly owned 34,587 shares in the company, valued at $4,842,180. The trade was a 11.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,093 shares of company stock valued at $11,933,256 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Phillips 66 by 11.6% during the third quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock valued at $7,035,574,000 after purchasing an additional 5,356,558 shares in the last quarter. Elliott Investment Management L.P. lifted its holdings in Phillips 66 by 22.4% during the second quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after buying an additional 3,526,000 shares during the period. Geode Capital Management LLC lifted its holdings in Phillips 66 by 17.4% during the second quarter. Geode Capital Management LLC now owns 10,327,304 shares of the oil and gas company’s stock worth $1,226,815,000 after buying an additional 1,532,967 shares during the period. Bank of New York Mellon Corp boosted its position in Phillips 66 by 6.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,394,750 shares of the oil and gas company’s stock valued at $1,120,794,000 after acquiring an additional 537,245 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Phillips 66 in the 2nd quarter valued at $523,755,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Zacks Research upgraded PSX from “Hold” to “Strong‑Buy”, a direct upward rating change that typically encourages buying interest. Zacks.com
• Positive Sentiment: Zacks raised multiple near‑term and multi‑year EPS estimates (examples: Q1‑2026 to $1.89, Q2‑2026 to $2.19, Q3‑2026 to $2.93, FY‑2026 to $9.74 and FY‑2027 to $12.58), signaling analysts expect stronger margins/earnings ahead — a material positive for valuation. MarketBeat: Zacks research note
• Negative Sentiment: Wall Street Zen lowered its rating on Phillips 66, creating a conflicting signal that can weigh on momentum and increase volatility as investors reconcile differing analyst views. American Banking News: Wall Street Zen downgrade

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.