Research Analysts’ Recent Ratings Updates for Phillips 66 (PSX)

Several analysts have recently updated their ratings and price targets for Phillips 66 (NYSE: PSX):

• 2/28/2026 – Phillips 66 was upgraded by Wall Street Zen from “hold” to “buy”.
• 2/23/2026 – Phillips 66 was upgraded by Weiss Ratings from “hold (c)” to “buy (b-)”.
• 2/20/2026 – Phillips 66 was given a new $158.00 price target by Barclays PLC.
• 2/20/2026 – Phillips 66 had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $158.00 price target on the stock.
• 2/10/2026 – Phillips 66 had its price target raised by Argus from $152.00 to $185.00. They now have a “buy” rating on the stock.
• 2/9/2026 – Phillips 66 had its price target raised by Citigroup Inc. from $146.00 to $159.00. They now have a “neutral” rating on the stock.
• 2/6/2026 – Phillips 66 had its “buy” rating reaffirmed by TD Cowen.
• 2/6/2026 – Phillips 66 had its “buy” rating reaffirmed by UBS Group AG. They now have a $172.00 price target on the stock.
• 2/6/2026 – Phillips 66 had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $170.00 price target on the stock.
• 2/5/2026 – Phillips 66 had its price target raised by Piper Sandler from $153.00 to $156.00. They now have a “neutral” rating on the stock.
• 2/5/2026 – Phillips 66 had its price target raised by Morgan Stanley from $140.00 to $147.00. They now have an “equal weight” rating on the stock.
• 2/5/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $162.00 to $163.00. They now have an “overweight” rating on the stock.
• 1/26/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $137.00 to $149.00. They now have a “hold” rating on the stock.
• 1/26/2026 – Phillips 66 had its price target raised by Wolfe Research from $159.00 to $164.00. They now have an “outperform” rating on the stock.
• 1/23/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $160.00 to $175.00. They now have an “outperform” rating on the stock.
• 1/22/2026 – Phillips 66 had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 1/22/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $152.00 to $164.00. They now have a “neutral” rating on the stock.
• 1/20/2026 – Phillips 66 had its price target raised by TD Cowen from $145.00 to $151.00. They now have a “buy” rating on the stock.
• 1/16/2026 – Phillips 66 had its “sector perform” rating reaffirmed by Scotiabank. They now have a $140.00 price target on the stock.
• 1/16/2026 – Phillips 66 was downgraded by Zacks Research from “strong-buy” to “hold”.
• 1/14/2026 – Phillips 66 had its price target raised by Citigroup Inc. from $137.00 to $146.00. They now have a “neutral” rating on the stock.
• 1/13/2026 – Phillips 66 had its price target lowered by JPMorgan Chase & Co. from $154.00 to $151.00. They now have an “overweight” rating on the stock.
• 1/12/2026 – Phillips 66 had its price target raised by Barclays PLC from $141.00 to $142.00. They now have an “equal weight” rating on the stock.
• 1/12/2026 – Phillips 66 was given a new $153.00 price target by Piper Sandler.
• 1/12/2026 – Phillips 66 had its price target raised by Mizuho from $150.00 to $152.00. They now have a “neutral” rating on the stock.
• 1/8/2026 – Phillips 66 had its price target lowered by Piper Sandler from $171.00 to $155.00. They now have a “neutral” rating on the stock.
• 1/6/2026 – Phillips 66 had its “buy” rating reaffirmed by UBS Group AG.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a dividend of $1.27 per share. The ex-dividend date was Monday, February 23rd. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a dividend yield of 3.1%. Phillips 66’s payout ratio is presently 46.95%.

Insiders Place Their Bets

In other Phillips 66 news, EVP Don Baldridge sold 7,500 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the sale, the executive vice president directly owned 38,488 shares of the company’s stock, valued at approximately $6,158,080. This trade represents a 16.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $659,100.00. Following the completion of the sale, the executive vice president owned 25,799 shares in the company, valued at $3,869,850. The trade was a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,288 shares of company stock worth $2,496,230 over the last three months. Corporate insiders own 0.22% of the company’s stock.

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.