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

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

• 8/12/2026 – Phillips 66 was upgraded by Weiss Ratings from “hold (c)” to “buy (b)”.
• 8/10/2026 – Phillips 66 had its price target raised by Piper Sandler from $208.00 to $209.00. They now have a “neutral” rating on the stock.
• 8/6/2026 – Phillips 66 had its “neutral” rating reaffirmed by Citigroup Inc..
• 8/6/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $201.00 to $239.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Phillips 66 had its price target raised by Barclays PLC from $183.00 to $216.00. They now have an “equal weight” rating on the stock.
• 8/6/2026 – Phillips 66 had its price target raised by TD Cowen from $240.00 to $255.00. They now have a “buy” rating on the stock.
• 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.

Phillips 66 Announces Dividend

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 issued a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s dividend payout ratio (DPR) is 28.95%.

Insider Activity

In other Phillips 66 news, EVP Brian Mandell sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the completion of the sale, the executive vice president directly owned 61,595 shares in the company, valued at $13,242,925. This represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vanessa Allen Sutherland sold 3,523 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $211.05, for a total value of $743,529.15. Following the completion of the sale, the executive vice president directly owned 27,537 shares in the company, valued at approximately $5,811,683.85. This represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 100,507 shares of company stock worth $21,770,810 in the last 90 days. 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.