Brokerages Set Phillips 66 (NYSE:PSX) Price Target at $192.33

Phillips 66 (NYSE:PSX) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $192.3333.

Several equities analysts have recently commented on the company. Wolfe Research increased their target price on Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Citigroup lifted their price target on shares of Phillips 66 from $159.00 to $183.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets upped their price target on shares of Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Mizuho upgraded shares of Phillips 66 from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $170.00 to $212.00 in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Phillips 66 from $188.00 to $202.00 in a research report on Thursday, April 30th.

More Phillips 66 News

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

• Positive Sentiment: Phillips 66 announced a new partnership with Kanin Energy on a 7-megawatt waste-heat-to-power project at its Mewbourn natural gas processing complex. The project is designed to improve energy efficiency, reduce greenhouse gas emissions, and support plant reliability without requiring upfront capital from Phillips 66. Article: Phillips 66 (PSX) Partners With Kanin Energy On 7 Megawatt Power Project
• Positive Sentiment: The company’s lower-emissions power project signals continued capital discipline and incremental operational resilience, which investors may view favorably for long-term margins and asset performance. Article: Kanin Energy Develops 7 MW Waste Heat to Power Project at Colorado Gas Plant
• Neutral Sentiment: Phillips 66 said it will report second-quarter 2026 financial results on Aug. 5, setting up a near-term catalyst but providing no new operating update yet. Article: Phillips 66 to announce second-quarter financial results
• Negative Sentiment: CEO Mark Lashier warned that refining and petrochemical earnings could become more volatile if Strait of Hormuz disruptions persist, highlighting geopolitical uncertainty that could pressure near-term results. Article: Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions
• Negative Sentiment: He also noted that supply disruptions in the Strait of Hormuz may take time to normalize, which could prolong market uncertainty for refiners like Phillips 66. Article: Phillips 66 CEO says Hormuz supply disruptions may linger amid shipping uncertainty

Phillips 66 Stock Down 1.2%

Shares of NYSE PSX opened at $168.37 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. Phillips 66 has a 1 year low of $118.00 and a 1 year high of $190.61. The stock’s 50-day simple moving average is $172.48 and its 200-day simple moving average is $159.70. The firm has a market cap of $67.51 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.24 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. During the same quarter in the prior year, the business posted ($0.90) earnings per share. Phillips 66’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Phillips 66 will post 18.22 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, May 18th. Phillips 66’s dividend payout ratio (DPR) is 50.05%.

Insider Activity

In other news, CFO Kevin J. Mitchell sold 600 shares of Phillips 66 stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $171.56, for a total value of $102,936.00. Following the completion of the transaction, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,705,826.56. This trade represents a 0.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Omar Meyers purchased 175 shares of the stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $173.12 per share, with a total value of $30,296.00. Following the completion of the acquisition, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. The trade was a 1.05% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 45,629 shares of company stock valued at $8,071,540. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Phillips 66

Hedge funds have recently added to or reduced their stakes in 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 worth $27,000 after purchasing an additional 75 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at about $27,000. Board of the Pension Protection Fund acquired a new stake in Phillips 66 during the fourth quarter worth about $26,000. Accordant Advisory Group Inc lifted its holdings in Phillips 66 by 900.0% in the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Finally, SWAN Capital LLC boosted its stake in Phillips 66 by 1,055.6% in the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds 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.