Phillips 66 (NYSE:PSX) Hits New 1-Year High Following Earnings Beat

Phillips 66 (NYSE:PSX)’s stock price reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $148.10 and last traded at $148.0070, with a volume of 4261298 shares. The stock had previously closed at $142.24.

The oil and gas company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. During the same quarter last year, the company earned ($0.15) earnings per share.

Phillips 66 News Roundup

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

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported $2.47 EPS vs. $2.15 consensus, with improving refining margins and stronger midstream volumes that bolster cash flow and support the company’s growth narrative. PSX Q4 2025 Earnings Highlights
• Positive Sentiment: Management emphasizes midstream-led growth — management told investors the firm is leaning into fee-based midstream businesses to reduce cyclicality and grow stable cash flow, a strategic positive for valuation and dividend coverage. Earnings Call: Midstream-Led Growth
• Positive Sentiment: Analyst upgrade / higher price target from Wells Fargo — Wells Fargo raised its PT to $163 with an overweight rating, signaling incremental upside and helping investor sentiment. Wells Fargo Raises PSX Price Target
• Neutral Sentiment: Morgan Stanley raised its price target to $147 but kept an equal-weight rating — the uplift is constructive, though the target remains below current market levels, producing a mixed signal. Morgan Stanley Price Target Update
• Negative Sentiment: Los Angeles refinery shutdown and layoffs — Phillips 66 is winding down operations at its last California refinery and will cut a large portion of local jobs; this could lower future refining throughput, trigger one‑time costs and attract regulatory/PR scrutiny. Refinery Shutdown / Layoffs
• Negative Sentiment: Insider sale — EVP Vanessa Allen Sutherland sold ~4,394 shares at about $150; not large for the company but can be perceived negatively by some investors. SEC Form 4: Insider Sale

Analyst Ratings Changes

Several research firms recently weighed in on PSX. TD Cowen restated a “buy” rating on shares of Phillips 66 in a research report on Friday. Raymond James Financial raised their price objective on shares of Phillips 66 from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Barclays upped their target price on shares of Phillips 66 from $141.00 to $142.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. The Goldman Sachs Group raised their price target on Phillips 66 from $152.00 to $164.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $156.41.

Insiders Place Their Bets

In other news, EVP Brian Mandell sold 26,200 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total value of $3,607,216.00. Following the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at $7,825,455.84. This represents a 31.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the sale, the executive vice president directly owned 25,799 shares of the company’s stock, valued at $3,869,850. The trade was a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 60,488 shares of company stock worth $8,474,466. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Phillips 66

A number of large investors have recently added to or reduced their stakes in PSX. Vanguard Group Inc. increased its holdings in Phillips 66 by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock worth $6,701,052,000 after purchasing an additional 205,480 shares in the last quarter. Elliott Investment Management L.P. increased its stake in shares of Phillips 66 by 22.4% in the second 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 buying an additional 3,526,000 shares during the period. Geode Capital Management LLC raised its holdings in Phillips 66 by 17.4% in the 2nd quarter. Geode Capital Management LLC now owns 10,327,304 shares of the oil and gas company’s stock valued at $1,226,815,000 after buying an additional 1,532,967 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Phillips 66 by 6.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,394,750 shares of the oil and gas company’s stock valued at $1,120,794,000 after buying an additional 537,245 shares during the last quarter. Finally, Norges Bank acquired a new stake in Phillips 66 during the 2nd quarter worth approximately $523,755,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

The business has a 50-day simple moving average of $138.06 and a 200 day simple moving average of $133.47. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market cap of $63.56 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

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.