Phillips 66 (NYSE:PSX) Price Target Raised to $212.00

Phillips 66 (NYSE:PSX) had its target price increased by UBS Group from $172.00 to $212.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective would suggest a potential upside of 20.48% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group raised their target price on Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Argus upped their price target on Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Wolfe Research increased their price target on shares of Phillips 66 from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. JPMorgan Chase & Co. cut their price objective on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $171.78.

Phillips 66 Stock Performance

PSX stock traded up $0.32 during midday trading on Thursday, reaching $175.96. 1,867,103 shares of the company’s stock traded hands, compared to its average volume of 3,088,483. The firm has a market capitalization of $70.51 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.34 and a beta of 0.76. The company has a 50-day moving average price of $161.72 and a two-hundred day moving average price of $144.41. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $190.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30.

Phillips 66 (NYSE:PSX) last posted its quarterly 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. The firm had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.During the same period last year, the company earned ($0.15) earnings per share. As a group, equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Insider Activity

In other Phillips 66 news, EVP Don Baldridge sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the sale, the executive vice president owned 38,488 shares in the company, valued at $6,158,080. This trade represents a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total value of $662,606.00. Following the sale, the director directly owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 100,317 shares of company stock worth $17,036,749. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Phillips 66

A number of large investors have recently modified their holdings of the company. Elliott Investment Management L.P. boosted its holdings in Phillips 66 by 22.4% during the 2nd 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 acquiring an additional 3,526,000 shares during the period. Oppenheimer & Co. Inc. increased its stake in Phillips 66 by 57.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,858 shares of the oil and gas company’s stock worth $7,734,000 after purchasing an additional 20,742 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Phillips 66 by 5.0% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 209,700 shares of the oil and gas company’s stock valued at $28,523,000 after purchasing an additional 10,000 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Phillips 66 by 15.5% during the third quarter. TD Asset Management Inc now owns 174,413 shares of the oil and gas company’s stock valued at $23,724,000 after purchasing an additional 23,364 shares during the period. Finally, First National Bank of Omaha bought a new position in shares of Phillips 66 in the third quarter worth approximately $2,357,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Key Phillips 66 News

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

• Positive Sentiment: Analysts raising price targets and ratings — TD Cowen boosted its price target to $213 and kept a Buy rating; Wells Fargo raised its target to $201, both implying meaningful upside from current levels. TD Cowen raises PT / MarketScreener Wells Fargo raises PT
• Positive Sentiment: Strong earnings outlook — previews suggest Phillips 66 could deliver another beat: Zacks highlights the company’s history of surprises and the right setup for another beat, and Barchart notes analysts expect large (triple‑digit) YoY bottom‑line growth for Q1. Upcoming earnings are a likely near‑term catalyst. Zacks: Will PSX beat estimates? Barchart: Q1 expectations
• Positive Sentiment: Solid multi‑month rally and fundamentals — media notes PSX has climbed substantially over the past year (cited ~46% surge in some coverage), which supports higher analyst targets but also raises profit‑taking risk. Blockonomi: stock surge context
• Neutral Sentiment: Reports noting the recent price dip — several outlets recap that PSX moved down while broader markets rose; these are market‑movement summaries rather than new fundamentals. Yahoo Finance: Stock dips while market gains
• Negative Sentiment: Material insider selling — CFO Kevin J. Mitchell sold 15,629 shares (~$2.97M) and reduced his holding by ~13.8% per the SEC filing; broader insider selling has been reported, which can signal profit‑taking or raise governance/near‑term sentiment concerns. SEC Form 4 (Mitchell sale) InsiderTrades coverage
• Negative Sentiment: Near‑term weakness from profit‑taking — repeated press coverage of insider sales and the recent pullback likely reflects short‑term selling after a strong run; this is weighing on price even as fundamentals and analyst views remain supportive. Yahoo: Insiders sold

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.