Investment Analysts’ Weekly Ratings Changes for Phillips 66 (PSX)

A number of firms have modified their ratings and price targets on shares of Phillips 66 (NYSE: PSX) recently:

• 7/29/2026 – Phillips 66 had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 7/27/2026 – Phillips 66 had its price target raised by UBS Group AG from $212.00 to $235.00. They now have a “buy” rating on the stock.
• 7/26/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 7/23/2026 – Phillips 66 had its “neutral” rating reaffirmed by Piper Sandler. They now have a $208.00 price target on the stock.
• 7/22/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $207.00 to $235.00. They now have a “neutral” rating on the stock.
• 7/21/2026 – Phillips 66 had its price target raised by TD Cowen from $220.00 to $240.00. They now have a “buy” rating on the stock.
• 7/18/2026 – Phillips 66 was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 7/14/2026 – Phillips 66 had its price target raised by Citigroup Inc. from $183.00 to $204.00. They now have a “neutral” rating on the stock.
• 7/13/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $218.00 to $235.00. They now have an “outperform” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $191.00 to $207.00. They now have a “hold” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $191.00 to $207.00. They now have a “hold” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Barclays PLC from $177.00 to $183.00. They now have an “equal weight” rating on the stock.
• 7/6/2026 – Phillips 66 was downgraded by Zacks Research from “strong-buy” to “hold”.
• 6/29/2026 – Phillips 66 had its price target raised by TD Cowen from $213.00 to $220.00. They now have a “buy” rating on the stock.
• 6/15/2026 – Phillips 66 had its “buy” rating reaffirmed by UBS Group AG. They now have a $212.00 price target on the stock.
• 6/13/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 6/12/2026 – Phillips 66 had its price target raised by Morgan Stanley from $180.00 to $196.00. They now have an “overweight” rating on the stock.
• 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.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s payout ratio is currently 50.05%.

Insider Activity at Phillips 66

In other news, CFO Kevin J. Mitchell sold 29,400 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $16,553,920. This represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Omar Meyers bought 175 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average cost of $173.12 per share, with a total value of $30,296.00. Following the completion of the acquisition, the director owned 16,799 shares of the company’s stock, valued at $2,908,242.88. This represents a 1.05% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 45,107 shares of company stock valued at $8,057,584. 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.