FY2026 EPS Estimates for Phillips 66 Increased by Scotiabank

Phillips 66 (NYSE:PSX) – Equities researchers at Scotiabank boosted their FY2026 earnings per share estimates for Phillips 66 in a report released on Wednesday, February 11th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will earn $10.35 per share for the year, up from their prior forecast of $9.15. Scotiabank has a “Sector Perform” rating and a $140.00 price objective on the stock. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share. Scotiabank also issued estimates for Phillips 66’s FY2027 earnings at $11.95 EPS.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. The business had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. During the same period in the previous year, the company earned ($0.15) earnings per share.

A number of other research firms have also commented on PSX. Citigroup lifted their price objective on Phillips 66 from $146.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Morgan Stanley lifted their price target on Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. TD Cowen reissued a “buy” rating on shares of Phillips 66 in a research report on Friday, February 6th. Mizuho boosted their target price on shares of Phillips 66 from $150.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Raymond James Financial upped their target price on shares of Phillips 66 from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $158.72.

Phillips 66 Stock Performance

Shares of PSX opened at $159.75 on Monday. 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 has a one year low of $91.01 and a one year high of $163.79. The company’s fifty day moving average price is $140.81 and its 200 day moving average price is $135.18. The company has a market capitalization of $64.37 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd will be issued a dividend of $1.27 per share. The ex-dividend date of this dividend is Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a dividend yield of 3.2%. Phillips 66’s dividend payout ratio (DPR) is 44.36%.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the completion of the transaction, the executive vice president directly owned 25,799 shares of the company’s stock, valued at approximately $3,869,850. The trade was a 14.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Mandell sold 25,500 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the sale, the executive vice president directly owned 56,838 shares in the company, valued at $7,959,593.52. This trade represents a 30.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 34,288 shares of company stock valued at $4,867,250. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSX. Evolution Wealth Management Inc. bought a new position in Phillips 66 in the second quarter valued at approximately $25,000. Board of the Pension Protection Fund acquired a new position in shares of Phillips 66 in the 4th quarter valued at $26,000. Accordant Advisory Group Inc boosted its position in shares of Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $27,000. Finally, SWAN Capital LLC grew its stake in shares of Phillips 66 by 1,055.6% during the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 190 shares during the period. Institutional investors own 76.93% of the company’s stock.

About Phillips 66

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.