Phillips 66 (NYSE:PSX) Given New $213.00 Price Target at TD Cowen

Phillips 66 (NYSE:PSX) had its target price lifted by TD Cowen from $155.00 to $213.00 in a research note published on Wednesday morning,MarketScreener reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

PSX has been the topic of a number of other reports. Morgan Stanley lifted their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Weiss Ratings upgraded Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. dropped their price target on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Wolfe Research lifted their price target on shares of Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.56.

Phillips 66 Stock Performance

Phillips 66 stock opened at $175.64 on Wednesday. The company’s 50-day moving average is $161.72 and its two-hundred day moving average is $144.41. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $190.61. The company has a market cap of $70.39 billion, a PE ratio of 16.23, a PEG ratio of 0.34 and a beta of 0.76. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, February 4th. 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 9.13%. The firm had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. During the same quarter in the previous year, the business earned ($0.15) EPS. Equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a $1.27 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Phillips 66’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity

In other news, EVP Brian Mandell sold 42,800 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the sale, the executive vice president owned 61,595 shares in the company, valued at $10,442,200.35. This represents a 41.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Don Baldridge sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total value of $1,200,000.00. Following the completion of the sale, the executive vice president directly owned 38,488 shares of the company’s stock, valued at approximately $6,158,080. The trade was a 16.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 84,688 shares of company stock valued at $14,066,145. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

A number of large investors have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of Phillips 66 in the 2nd quarter valued at about $25,000. Board of the Pension Protection Fund bought a new position in Phillips 66 during the fourth quarter worth about $26,000. Accordant Advisory Group Inc increased its position in Phillips 66 by 900.0% during the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Phillips 66 during the fourth quarter worth approximately $27,000. Finally, SWAN Capital LLC raised 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 buying an additional 190 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 News Roundup

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

• Positive Sentiment: TD Cowen bumped its price target to $213 and kept a “buy” rating, signaling meaningful upside vs. recent levels which supports a bullish medium‑term view. TD Cowen Adjusts Price Target on Phillips 66 to $213
• Positive Sentiment: Wells Fargo raised its target to $201 and assigned an “overweight” rating, another institutional vote of confidence that could support shares if market sentiment stabilizes. Wells Fargo Raises Target
• Positive Sentiment: Coverage pieces note Phillips 66 recently hit a new 1‑year high, indicating recent momentum and giving context for possible profit‑taking after gains. Phillips 66 Reaches New 1-Year High
• Neutral Sentiment: News wires and market summaries reported the intraday decline while broader markets were mixed, highlighting that the drop is being noted but not yet tied to new company fundamentals. Phillips 66 (PSX) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Recent insider activity includes a multi‑million dollar transaction by a top executive, which markets often interpret as a negative signal about near‑term confidence. Top Phillips 66 Executive Executes Major Multi-Million Dollar Stock Move
• Negative Sentiment: Reporting shows insiders have sold roughly US$1.9M of stock over the past year, which can amplify selling pressure and concern among investors if perceived as a lack of insider conviction. Insiders At Phillips 66 Sold US$1.9m In Stock

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.