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

Phillips 66 (NYSE: PSX) has recently received a number of price target changes and ratings updates:

• 6/10/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $215.00 to $218.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Phillips 66 was upgraded by Guggenheim to “outperform”.
• 5/27/2026 – Phillips 66 was upgraded by Mizuho from “neutral” to “outperform”. They now have a $212.00 price target on the stock, up from $170.00.
• 5/26/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $173.00 to $191.00. They now have a “hold” rating on the stock.
• 5/19/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $192.00 to $207.00. They now have a “neutral” rating on the stock.
• 5/16/2026 – Phillips 66 was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 5/14/2026 – Phillips 66 had its price target raised by Argus from $185.00 to $197.00. They now have a “buy” rating on the stock.
• 5/13/2026 – Phillips 66 had its price target raised by BMO Capital Markets from $195.00 to $215.00. They now have an “outperform” rating on the stock.
• 5/2/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 5/1/2026 – Phillips 66 was downgraded by Weiss Ratings from “buy (b-)” to “hold (c)”.
• 4/30/2026 – Phillips 66 had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $180.00 price target on the stock.
• 4/30/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $205.00 to $215.00.
• 4/30/2026 – Phillips 66 had its price target raised by JPMorgan Chase & Co. from $188.00 to $202.00.
• 4/30/2026 – Phillips 66 was upgraded by Tudor Pickering from “hold” to “strong-buy”.
• 4/27/2026 – Phillips 66 was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/22/2026 – Phillips 66 had its price target raised by Scotiabank from $140.00 to $151.00. They now have a “sector perform” rating on the stock.
• 4/13/2026 – Phillips 66 was downgraded by Jefferies Financial Group Inc. from “strong-buy” to “hold”.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. Phillips 66’s payout ratio is presently 50.05%.

Insider Activity

In other news, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the sale, the director owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. The trade was a 30.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Omar Meyers bought 175 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the purchase, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. This represents a 1.05% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 49,429 shares of company stock valued at $8,734,146. Corporate insiders own 0.40% 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.