Phillips 66 (NYSE:PSX) Given New $215.00 Price Target at Raymond James Financial

Phillips 66 (NYSE:PSX) had its price objective increased by Raymond James Financial from $205.00 to $215.00 in a report released on Thursday morning,MarketScreener reports.

Several other equities analysts have also recently issued reports on PSX. Citigroup boosted their price objective on Phillips 66 from $159.00 to $183.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating and issued a $180.00 price target on shares of Phillips 66 in a report on Thursday. Wall Street Zen cut shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Wolfe Research lifted their target price on shares of Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Piper Sandler boosted their target price on shares of Phillips 66 from $168.00 to $177.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.50.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded down $4.13 during midday trading on Thursday, reaching $175.03. The company’s stock had a trading volume of 431,459 shares, compared to its average volume of 3,010,261. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $167.69 and a 200 day moving average of $149.00. Phillips 66 has a twelve month low of $103.38 and a twelve month high of $190.61. The firm has a market capitalization of $70.14 billion, a PE ratio of 17.26, a P/E/G ratio of 0.29 and a beta of 0.76.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 11.04%. The company had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. During the same period in the previous year, the firm posted ($0.90) earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Phillips 66 will post 15.47 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $1.27 per share. The ex-dividend date is Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. Phillips 66’s dividend payout ratio is currently 50.05%.

Insider Buying and Selling

In related news, CFO Kevin J. Mitchell sold 15,629 shares of Phillips 66 stock in a transaction on Monday, March 30th. The shares were sold at an average price of $190.07, for a total value of $2,970,604.03. Following the sale, the chief financial officer owned 97,376 shares of the company’s stock, valued at approximately $18,508,256.32. This trade represents a 13.83% decrease in their position. The transaction 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 business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average cost of $173.20 per share, with a total value of $30,310.00. Following the acquisition, the director owned 16,624 shares in the company, valued at $2,879,276.80. This represents a 1.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 95,923 shares of company stock valued at $16,399,619 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Phillips 66

Institutional investors have recently modified their holdings of the stock. Board of the Pension Protection Fund acquired a new position in shares of Phillips 66 during the 4th quarter worth about $26,000. Accordant Advisory Group Inc boosted its holdings in Phillips 66 by 900.0% in the 4th 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 purchased a new stake in Phillips 66 during the 4th quarter worth approximately $27,000. SWAN Capital LLC increased its stake in Phillips 66 by 1,055.6% during the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after buying an additional 190 shares in the last quarter. Finally, Stephens Consulting LLC raised its holdings in shares of Phillips 66 by 67.7% during the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 News Summary

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

• Positive Sentiment: Q1 earnings beat — PSX reported an unexpected quarterly profit driven by higher realized refining margins and improved throughput; the market focused on underlying operations rather than derivative losses. Phillips 66 Q1 2026 Earnings Call Summary
• Positive Sentiment: Analyst upgrade / momentum — Tudor Pickering upgraded PSX from Hold to Strong Buy, and Zacks added PSX to its Rank #1 (Strong Buy) growth stocks list, boosting sentiment and buy-side interest. Zacks.com TickerReport
• Positive Sentiment: Oil price tailwind — Brent crude spiked toward $117 on Iran-related geopolitical risk, supporting refining margins and near-term profitability for refiners like PSX. Brent Crude Spikes to $117
• Neutral Sentiment: Operations update — Management said refineries are running in the low- to mid-90% range of combined capacity, which supports volumes but is largely in line with expectations. Reuters: Phillips 66 running refineries
• Neutral Sentiment: Peer context — Valero’s blowout Q1 results on surging crack spreads underscore sector strength; peers’ results can buoy PSX multiple but also set higher expectations. Valero Energy’s Earnings
• Negative Sentiment: Derivative losses and near-term costs — The quarter included large mark-to-market losses on derivatives (management noted sizable pre-tax impacts) and guidance of $120M–$150M in Q2 turnaround expense; these weigh on reported profits and cash. Seeking Alpha: debt target & turnaround expense

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.