Phillips 66 (NYSE:PSX) Price Target Raised to $193.00

Phillips 66 (NYSE:PSX) had its target price lifted by Wolfe Research from $187.00 to $193.00 in a report released on Monday morning,MarketScreener reports. Wolfe Research currently has an outperform rating on the oil and gas company’s stock.

A number of other equities research analysts have also issued reports on PSX. Piper Sandler lifted their target price on shares of Phillips 66 from $153.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Raymond James Financial upped their price target on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. TD Cowen increased their price objective on Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Wells Fargo & Company boosted their target price on Phillips 66 from $163.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Phillips 66 in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.06.

Phillips 66 Price Performance

Shares of PSX opened at $167.92 on Monday. The business’s 50-day moving average is $165.02 and its 200-day moving average is $145.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. The company has a market capitalization of $67.29 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.31 and a beta of 0.76. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $190.61.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The business had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. During the same period last year, the company posted ($0.15) earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a $1.27 dividend. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, February 23rd. Phillips 66’s dividend payout ratio is currently 46.95%.

Insider Activity

In other news, EVP Vanessa Allen Sutherland sold 4,394 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the completion of the sale, the executive vice president owned 25,799 shares in the company, valued at approximately $3,869,850. This represents a 14.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the transaction, the director directly owned 8,701 shares in the company, valued at approximately $1,517,193.37. This represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 100,317 shares of company stock valued at $17,036,749. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Phillips 66

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. bought a new stake in shares of Phillips 66 during the 2nd quarter worth $25,000. Board of the Pension Protection Fund bought a new position in Phillips 66 in the 4th quarter worth $26,000. Accordant Advisory Group Inc raised its holdings in 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 acquiring an additional 180 shares during the period. Eagle Bay Advisors LLC acquired a new position in Phillips 66 during the 4th quarter worth $27,000. Finally, SWAN Capital LLC lifted its position in Phillips 66 by 1,055.6% during the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 190 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 News Roundup

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

• Positive Sentiment: Multiple Wall Street firms raised price targets and kept generally constructive ratings (Piper Sandler to $177, Barclays to $177, JPMorgan to $188, BMO to $195), signaling analyst confidence in PSX’s medium‑term outlook despite near‑term volatility. Piper Sandler raise Barclays raise JPMorgan raise BMO raise
• Positive Sentiment: Energy sector strength from the Iran conflict has lifted oil and diesel prices, which can boost refining and midstream cash flows over time—a tailwind for PSX’s core businesses. Oil surge article
• Neutral Sentiment: Analyst commentary (Wolfe Research cited) expects the stock to rise, reflecting differing views on how temporary derivative hits will translate into long‑term earnings; this keeps opinions mixed and trading volatile. Wolfe Research note
• Negative Sentiment: Phillips 66 flagged roughly $900 million (pre‑tax) mark‑to‑market losses on net‑short commodity derivative positions as oil surged; the refining segment is expected to absorb $350–$450 million of that hit. This is the primary near‑term driver of the stock decline because it will depress Q1 reported results and inject earnings volatility. Yahoo Finance on $900M loss Offshore-Technology coverage Seeking Alpha on derivatives losses

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.