Zacks Research Increases Earnings Estimates for Phillips 66

Phillips 66 (NYSE:PSX) – Research analysts at Zacks Research lifted their Q2 2026 earnings estimates for Phillips 66 in a report issued on Thursday, April 24th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $2.07 for the quarter, up from their prior forecast of $1.81. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Barclays reduced their target price on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group cut Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a report on Thursday, March 27th. StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday. Finally, Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.36.

Phillips 66 Stock Up 0.3 %

Shares of NYSE PSX opened at $106.08 on Monday. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The business has a fifty day moving average of $114.80 and a two-hundred day moving average of $120.72. The stock has a market cap of $43.22 billion, a PE ratio of 21.47, a PEG ratio of 4.84 and a beta of 1.17.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter last year, the business earned $1.90 EPS.

Institutional Trading of Phillips 66

A number of institutional investors have recently made changes to their positions in the business. Forum Financial Management LP increased its position in shares of Phillips 66 by 1.0% in the fourth quarter. Forum Financial Management LP now owns 7,486 shares of the oil and gas company’s stock valued at $853,000 after acquiring an additional 77 shares during the last quarter. NewEdge Wealth LLC increased its position in shares of Phillips 66 by 0.5% during the 4th quarter. NewEdge Wealth LLC now owns 15,199 shares of the oil and gas company’s stock worth $1,732,000 after purchasing an additional 81 shares during the last quarter. JBR Co Financial Management Inc raised its stake in shares of Phillips 66 by 0.9% during the 4th quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company’s stock worth $1,085,000 after purchasing an additional 85 shares in the last quarter. Nwam LLC boosted its holdings in shares of Phillips 66 by 2.2% in the 4th quarter. Nwam LLC now owns 3,876 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 85 shares during the last quarter. Finally, Webster Bank N. A. grew its stake in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, May 19th. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. Phillips 66’s dividend payout ratio (DPR) is currently 97.17%.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.