Phillips 66 (NYSE:PSX) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Phillips 66 (NYSE:PSX) had its price target raised by analysts at Morgan Stanley from $140.00 to $147.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s price objective points to a potential downside of 6.81% from the company’s current price.

PSX has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Phillips 66 from $137.00 to $149.00 and gave the company a “hold” rating in a report on Monday, January 26th. Citigroup increased their price objective on Phillips 66 from $137.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Phillips 66 in a research report on Tuesday, January 6th. Scotiabank restated a “sector perform” rating and issued a $140.00 target price on shares of Phillips 66 in a report on Friday, January 16th. Finally, Wall Street Zen cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $156.41.

Phillips 66 Stock Performance

NYSE:PSX opened at $157.75 on Thursday. 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 company has a market capitalization of $63.56 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The firm has a 50-day moving average price of $138.47 and a two-hundred day moving average price of $133.69. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $159.15.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. The company had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. As a group, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brian Mandell sold 25,500 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the completion of the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at $7,959,593.52. This represents a 30.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the 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 transaction, the executive vice president owned 25,799 shares in the company, valued at approximately $3,869,850. The trade was a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,488 shares of company stock valued at $8,474,466 in the last 90 days. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Phillips 66

Hedge funds have recently made changes to their positions in the stock. Evolution Wealth Management Inc. purchased a new position in shares of Phillips 66 in the 2nd quarter worth $25,000. 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 increased its stake 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 acquiring an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Phillips 66 in the 4th quarter worth about $27,000. Finally, Stephens Consulting LLC lifted its stake in shares of Phillips 66 by 67.7% in the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds 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: 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

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.