Phillips 66 (PSX) – Research Analysts’ Weekly Ratings Updates

Phillips 66 (NYSE: PSX) recently received a number of ratings updates from brokerages and research firms:

• 9/17/2026 – Phillips 66 had its price target raised by BMO Capital Markets from $260.00 to $310.00. They now have an “outperform” rating on the stock.
• 9/14/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $240.00 to $300.00. They now have an “outperform” rating on the stock.
• 9/14/2026 – Phillips 66 had its price target raised by Morgan Stanley from $196.00 to $284.00. They now have an “overweight” rating on the stock.
• 9/8/2026 – Phillips 66 had its price target raised by UBS Group AG from $235.00 to $300.00. They now have a “buy” rating on the stock.
• 9/7/2026 – Phillips 66 was upgraded by Zacks Research from “hold” to “strong-buy”.
• 9/3/2026 – Phillips 66 had its price target raised by Piper Sandler from $209.00 to $264.00. They now have a “neutral” rating on the stock.
• 9/1/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $239.00 to $335.00. They now have an “overweight” rating on the stock.
• 8/12/2026 – Phillips 66 was upgraded by Weiss Ratings from “hold (c)” to “buy (b)”.
• 8/10/2026 – Phillips 66 had its price target raised by Piper Sandler from $208.00 to $209.00. They now have a “neutral” rating on the stock.
• 8/6/2026 – Phillips 66 had its “neutral” rating reaffirmed by Citigroup Inc..
• 8/6/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $201.00 to $239.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Phillips 66 had its price target raised by Barclays PLC from $183.00 to $216.00. They now have an “equal weight” rating on the stock.
• 8/6/2026 – Phillips 66 had its price target raised by TD Cowen from $240.00 to $255.00. They now have a “buy” rating on the stock.
• 7/29/2026 – Phillips 66 had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 7/27/2026 – Phillips 66 had its price target raised by UBS Group AG from $212.00 to $235.00. They now have a “buy” rating on the stock.
• 7/26/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 7/23/2026 – Phillips 66 had its “neutral” rating reaffirmed by Piper Sandler. They now have a $208.00 price target on the stock.
• 7/22/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $207.00 to $235.00. They now have a “neutral” rating on the stock.
• 7/21/2026 – Phillips 66 had its price target raised by TD Cowen from $220.00 to $240.00. They now have a “buy” rating on the stock.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Phillips 66’s dividend payout ratio is 28.95%.

Insider Buying and Selling at Phillips 66

In other news, EVP Vanessa Sutherland sold 3,523 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $211.05, for a total transaction of $743,529.15. Following the completion of the transaction, the executive vice president directly owned 27,537 shares of the company’s stock, valued at $5,811,683.85. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Mitchell sold 11,021 shares of Phillips 66 stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $190.03, for a total value of $2,094,320.63. Following the transaction, the chief financial officer owned 97,376 shares of the company’s stock, valued at $18,504,361.28. This represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 123,907 shares of company stock valued at $27,973,214 over the last three months. Company insiders own 0.40% of the company’s stock.

Phillips 66 (NYSE: PSX) is an energy company that operates across the midstream, chemicals, refining and marketing sectors. Headquartered in Houston, Texas, the company was established in 2012 when ConocoPhillips separated its downstream businesses into an independent company.

The company’s midstream operations include transportation, processing, storage and other infrastructure for crude oil, natural gas and natural gas liquids. Phillips 66 also owns and operates refineries that process crude oil into transportation fuels, lubricants, specialty products and other refined petroleum products.

Phillips 66 markets gasoline, diesel and other fuels under the Phillips 66, Conoco and 76 brands, primarily in the United States.