Phillips 66 (NYSE:PSX) Stock Has Consensus Price Target of $269.06

Shares of Phillips 66 (NYSE:PSX) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $269.88.

A number of equities research analysts recently issued reports on PSX shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $276.00 price target on shares of Phillips 66 in a research note on Sunday, October 11th. Barclays increased their price objective on shares of Phillips 66 from $216.00 to $282.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Morgan Stanley lifted their price objective on shares of Phillips 66 from $196.00 to $284.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of Phillips 66 from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Mizuho restated a “neutral” rating and set a $300.00 target price (up from $220.00) on shares of Phillips 66 in a research report on Thursday, October 8th.

Key Phillips 66 News

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

• Positive Sentiment: Dividend increased: Phillips 66 raised its quarterly dividend to $1.33 per share, reinforcing its appeal to income-focused investors and signaling confidence in cash generation and its shareholder-return strategy. Phillips 66 Raises Quarterly Dividend
• Positive Sentiment: Refining margins are supporting earnings: Industry refining margins have surged, with Valero reporting nearly a threefold increase. That environment could boost Phillips 66’s refining profitability, dividend coverage and near-term cash flow. Valero Refining Margins and Dividend Stocks
• Positive Sentiment: Q3 earnings expectations are strong: Analysts expect Phillips 66’s quarter ended September 2026 to benefit from stronger refining margins and stable midstream operations. A results beat or upbeat outlook could provide another catalyst after the company’s prior quarter substantially exceeded consensus estimates. Phillips 66 Q3 Earnings Preview
• Neutral Sentiment: Peer comparison remains mixed: Phillips 66 and Valero Energy both benefit from favorable refining conditions, but differences in crude sourcing, business diversification and valuation make the relative investment case less clear. Valero Versus Phillips 66
• Negative Sentiment: Valuation may constrain further gains: Analysts note that PSX’s premium valuation leaves less room for disappointment, particularly if refining margins normalize or Q3 estimates fail to rise further. This concern may be contributing to profit-taking after the stock’s recent advance. Phillips 66 Q3 Estimates Beyond Revenue and EPS

Insider Activity at Phillips 66

In other news, EVP Brian Mandell sold 23,400 shares of Phillips 66 stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $265.06, for a total value of $6,202,404.00. Following the completion of the transaction, the executive vice president owned 61,595 shares in the company, valued at approximately $16,326,370.70. The trade was a 27.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard G. Harbison sold 52,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total value of $11,657,896.00. Following the transaction, the executive vice president directly owned 39,094 shares in the company, valued at approximately $8,747,673.44. This represents a 57.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,800 shares of company stock worth $25,016,566 over the last three months. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Phillips 66

Institutional investors have recently bought and sold shares of the stock. NFSG Corp raised its stake in shares of Phillips 66 by 105.6% in the first quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth about $27,000. Compass Financial Management LLC purchased a new position in shares of Phillips 66 during the 2nd quarter worth about $28,000. Kelleher Financial Advisors bought a new position in Phillips 66 during the 2nd quarter valued at about $29,000. Finally, J.Safra Asset Management Corp bought a new position in Phillips 66 during the 2nd quarter valued at about $30,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Performance

NYSE:PSX opened at $282.91 on Wednesday. The company has a market cap of $112.89 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.16 and a beta of 0.71. Phillips 66 has a 1 year low of $127.16 and a 1 year high of $299.39. The stock’s 50 day simple moving average is $262.88 and its two-hundred day simple moving average is $210.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, beating analysts’ consensus estimates of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%. The firm had revenue of $51 billion during the quarter, compared to the consensus estimate of $43.60 billion. During the same period in the prior year, the company earned $2.38 EPS. As a group, equities analysts anticipate that Phillips 66 will post 31.39 earnings per share for the current fiscal year.

Phillips 66 declared that its board has approved a stock buyback program on Friday, July 31st that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to buy up to 11.8% of its shares through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its stock is undervalued.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a $1.33 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.27. This represents a $5.32 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, November 17th. Phillips 66’s dividend payout ratio (DPR) is 28.95%.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an energy manufacturing and logistics company headquartered in Houston, Texas. The company was established in 2012 following the separation of ConocoPhillips’ downstream and midstream businesses.

Phillips 66 operates across midstream, chemicals, refining and marketing. Its midstream activities include gathering, processing, transporting and storing crude oil, natural gas and natural gas liquids. Through its refining operations, the company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, lubricants and other refined petroleum products.

The company markets fuel and related products under the Phillips 66, 76 and Conoco brands, serving retail, commercial, aviation and industrial customers.