Phillips 66 (NYSE:PSX) Stock Has Consensus Target Price of $269.06 According to Brokerages

Shares of Phillips 66 (NYSE:PSX) have been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $269.88.

A number of research analysts have issued reports on PSX shares. Citigroup upped their target price on shares of Phillips 66 from $217.00 to $297.00 and gave the company a “neutral” rating in a research report on Tuesday, October 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $276.00 price objective on shares of Phillips 66 in a report on Sunday, October 11th. Barclays boosted their target price on Phillips 66 from $216.00 to $282.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Raymond James Financial reissued an “outperform” rating and set a $335.00 price objective on shares of Phillips 66 in a research note on Monday, October 19th. Finally, Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 26th.

Phillips 66 Stock Performance

NYSE PSX opened at $282.91 on Wednesday. Phillips 66 has a twelve month low of $127.16 and a twelve month high of $299.39. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The stock has a market cap of $112.89 billion, a P/E ratio of 16.12, a PEG ratio of 0.16 and a beta of 0.71. The company’s 50-day simple moving average is $262.88 and its 200 day simple moving average is $211.08.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share for the quarter, topping the consensus estimate of $7.50 by $1.91. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. The business had revenue of $51 billion for the quarter, compared to analyst estimates of $43.60 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. As a group, research analysts forecast that Phillips 66 will post 31.39 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a $1.33 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This is an increase from Phillips 66’s previous quarterly dividend of $1.27. This represents a $5.32 dividend on an annualized basis and a yield of 1.9%. Phillips 66’s payout ratio is presently 28.95%.

Phillips 66 announced that its Board of Directors has approved a share repurchase program on Friday, July 31st that authorizes the company to buy back $10.00 billion in shares. This buyback authorization authorizes the oil and gas company to buy up to 11.8% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Dividend increased: Phillips 66 raised its quarterly dividend to $1.33 per share, reinforcing its appeal to income-focused investors and signaling confidence in cash generation and its shareholder-return strategy. Phillips 66 Raises Quarterly Dividend
• Positive Sentiment: Refining margins are supporting earnings: Industry refining margins have surged, with Valero reporting nearly a threefold increase. That environment could boost Phillips 66’s refining profitability, dividend coverage and near-term cash flow. Valero Refining Margins and Dividend Stocks
• Positive Sentiment: Q3 earnings expectations are strong: Analysts expect Phillips 66’s quarter ended September 2026 to benefit from stronger refining margins and stable midstream operations. A results beat or upbeat outlook could provide another catalyst after the company’s prior quarter substantially exceeded consensus estimates. Phillips 66 Q3 Earnings Preview
• Neutral Sentiment: Peer comparison remains mixed: Phillips 66 and Valero Energy both benefit from favorable refining conditions, but differences in crude sourcing, business diversification and valuation make the relative investment case less clear. Valero Versus Phillips 66
• Negative Sentiment: Valuation may constrain further gains: Analysts note that PSX’s premium valuation leaves less room for disappointment, particularly if refining margins normalize or Q3 estimates fail to rise further. This concern may be contributing to profit-taking after the stock’s recent advance. Phillips 66 Q3 Estimates Beyond Revenue and EPS

Insider Activity

In related news, EVP Brian Mandell sold 30,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the completion of the transaction, the executive vice president directly owned 61,595 shares in the company, valued at approximately $13,242,925. This trade represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Harbison sold 52,100 shares of Phillips 66 stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total transaction of $11,657,896.00. Following the completion of the sale, the executive vice president owned 39,094 shares in the company, valued at $8,747,673.44. This trade represents a 57.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,800 shares of company stock valued at $25,016,566 over the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Trading of Phillips 66

A number of hedge funds have recently made changes to their positions in the business. NFSG Corp raised its holdings in Phillips 66 by 105.6% in the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Phillips 66 in the first quarter valued at about $27,000. Compass Financial Management LLC bought a new stake in Phillips 66 in the 2nd quarter valued at about $28,000. Kelleher Financial Advisors acquired a new stake in shares of Phillips 66 in the second quarter valued at approximately $29,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 in the second quarter valued at approximately $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an energy manufacturing and logistics company headquartered in Houston, Texas. The company was established in 2012 following the separation of ConocoPhillips’ downstream and midstream businesses.

Phillips 66 operates across midstream, chemicals, refining and marketing. Its midstream activities include gathering, processing, transporting and storing crude oil, natural gas and natural gas liquids. Through its refining operations, the company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, lubricants and other refined petroleum products.

The company markets fuel and related products under the Phillips 66, 76 and Conoco brands, serving retail, commercial, aviation and industrial customers.