Phillips 66 (NYSE:PSX) Reaches New 1-Year High – Time to Buy?

Phillips 66 (NYSE:PSX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $218.72 and last traded at $218.5290, with a volume of 156194 shares traded. The stock had previously closed at $215.52.

Trending Headlines about Phillips 66

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

• Positive Sentiment: J.P. Morgan maintains its Buy rating. Continued bullish analyst coverage supports the stock’s recent strength and suggests the firm sees additional upside in Phillips 66’s earnings or valuation. J.P. Morgan Sticks to Its Buy Rating for Phillips 66
• Positive Sentiment: Quarterly operating momentum remains strong. Phillips 66 reported refining margins of $24.08 per barrel in the second quarter, while debt declined by $6.6 billion. The combination of robust margins and lower leverage could improve cash flow, financial flexibility and shareholder-return capacity. Phillips 66 Q2 2026 Earnings Call Transcript
• Positive Sentiment: Western Gateway Pipeline receives approval to proceed. Phillips 66, Kinder Morgan and HF Sinclair finalized their joint venture and approved the approximately $5 billion, 1,300-mile refined-products pipeline. The system is planned to transport up to 230,000 barrels per day from the Midcontinent and Gulf Coast to Western markets, creating potential long-term transportation and infrastructure revenue. Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project
• Negative Sentiment: Executive insider selling may weigh on sentiment. EVP Brian Mandell sold 33,300 shares for approximately $7.2 million across August 10–11, reducing his holdings substantially. Separately, an insider exercised options and sold 7,834 shares worth about $1.7 million. The transactions followed a strong quarter and may reflect profit-taking or option-related activity rather than deteriorating fundamentals, but they can still raise short-term concerns about insider conviction. A Phillips 66 Insider Cashed In Options After a Blowout Quarter

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PSX shares. Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 26th. Mizuho raised shares of Phillips 66 from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $170.00 to $212.00 in a research note on Wednesday, May 27th. Argus increased their price target on shares of Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Citigroup restated a “neutral” rating on shares of Phillips 66 in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $201.00 to $239.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.56.

Phillips 66 Stock Up 0.8%

The company has a market cap of $90.21 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.16 and a beta of 0.68. The stock has a 50-day moving average of $190.75 and a two-hundred day moving average of $174.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.32.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, beating analysts’ consensus estimates 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 $52.04 billion for the quarter, compared to analysts’ expectations of $43.60 billion. During the same period last year, the business earned $2.38 earnings per share. On average, research analysts anticipate that Phillips 66 will post 24.44 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s dividend payout ratio is presently 28.95%.

Phillips 66 announced that its board has initiated a stock repurchase plan on Friday, July 31st that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the oil and gas company to repurchase up to 11.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Vanessa Allen Sutherland sold 3,523 shares of Phillips 66 stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $211.05, for a total value of $743,529.15. Following the transaction, the executive vice president owned 27,537 shares in the company, valued at approximately $5,811,683.85. The trade was a 11.34% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Brian Mandell sold 30,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total value of $6,450,000.00. Following the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at $13,242,925. This represents a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 48,407 shares of company stock valued at $10,112,914. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. NFSG Corp raised its holdings in shares of Phillips 66 by 105.6% during the first 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 in the last quarter. Axiom Investment Management LLC bought a new position in Phillips 66 in the 1st quarter worth $27,000. Compass Financial Management LLC bought a new position in Phillips 66 in the 2nd quarter worth $28,000. Kelleher Financial Advisors purchased a new stake in shares of Phillips 66 in the 2nd quarter worth about $29,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Company Profile

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.