Citigroup Issues Positive Forecast for Phillips 66 (NYSE:PSX) Stock Price

Phillips 66 (NYSE:PSX) had its target price raised by equities researchers at Citigroup from $159.00 to $183.00 in a report issued on Thursday,MarketScreener reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s target price would suggest a potential upside of 9.04% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. TD Cowen increased their price target on Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Piper Sandler raised their price objective on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday. Scotiabank raised shares of Phillips 66 to a “hold” rating in a research note on Friday, March 27th. Jefferies Financial Group upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Wolfe Research lifted their price target on Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

Phillips 66 Stock Performance

PSX stock opened at $167.82 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $93.50 and a twelve month high of $190.61. The business’s fifty day moving average is $165.02 and its 200-day moving average is $145.90. The company has a market cap of $67.25 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The business had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Insiders Place Their Bets

In other Phillips 66 news, Director Lisa Ann Davis sold 3,800 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the transaction, the director directly owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Mitchell sold 15,629 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $190.07, for a total transaction of $2,970,604.03. Following the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $18,508,256.32. The trade was a 13.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,317 shares of company stock worth $17,036,749 in the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Elliott Investment Management L.P. raised its holdings in Phillips 66 by 22.4% in the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after acquiring an additional 3,526,000 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Phillips 66 by 57.4% in the third quarter. Oppenheimer & Co. Inc. now owns 56,858 shares of the oil and gas company’s stock worth $7,734,000 after purchasing an additional 20,742 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Phillips 66 by 5.0% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 209,700 shares of the oil and gas company’s stock worth $28,523,000 after purchasing an additional 10,000 shares during the period. TD Asset Management Inc increased its holdings in Phillips 66 by 15.5% in the 3rd quarter. TD Asset Management Inc now owns 174,413 shares of the oil and gas company’s stock valued at $23,724,000 after buying an additional 23,364 shares during the period. Finally, First National Bank of Omaha bought a new stake in shares of Phillips 66 during the 3rd quarter worth approximately $2,357,000. Institutional investors own 76.93% of the company’s stock.

Key Phillips 66 News

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

• Positive Sentiment: Several brokerages raised price targets and kept constructive ratings on PSX, giving upside to the shares: JPMorgan raised its target to $188 (overweight), BMO to $195 (outperform) and others lifted targets into the high‑$160s–$190s — these actions provide near‑term buying support and signal continued analyst confidence. JPMorgan Raises PT
• Positive Sentiment: Wolfe Research reiterated a bullish outlook, saying Phillips 66’s stock is expected to rise — this adds another institutional voice supporting the rally. Wolfe Research Note
• Neutral Sentiment: Macro/sector context: oil has surged sharply since the Iran conflict began (reported up ~70% in recent trading days), which lifts refining margins potential but also increases volatility and mark‑to‑market swings for hedged positions. This is background that can swing PSX both ways. Oil Surge Context
• Neutral Sentiment: Analyst commentary and valuation pieces note Phillips 66 has executed well but some argue the stock has already priced in much of the good news — that view can cap upside until fundamentals confirm further improvement. Seeking Alpha Analysis
• Negative Sentiment: Phillips 66 disclosed an approximately $900 million derivatives loss as oil and diesel spiked; the refining segment is expected to absorb $350–$450 million of that mark‑to‑market hit. That large one‑time loss is pressuring near‑term results and the stock while increasing earnings volatility. Derivatives Loss Report
• Negative Sentiment: Short‑term price action has shown intraday weakness and recent sessions of slide as the market digests the mark‑to‑market hit and broader market moves. That selling pressure can persist until clarity on realized earnings/hedge outcomes emerges. Price Slide Coverage

About Phillips 66

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.