Phillips 66 (NYSE:PSX) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts: Phillips 66 has a consensus rating of "Hold" from 23 analysts (12 hold, 11 buy) with an average 12‑month target of $181.33, while several firms have recently raised price targets (e.g., Raymond James to $205, JPMorgan to $188, Argus to $185).
• Insider selling: Company insiders sold 95,923 shares worth about $16.4M in the last quarter, including EVP Brian Mandell's sale of 42,800 shares (a 41% reduction); insiders now own roughly 0.40% of the stock.
• Financials & corporate actions: Phillips 66 reported Q1 EPS of $2.47 (beating estimates) but missed on revenue, declared a $1.27 quarterly dividend (annualized $5.08, yield ~3.1%, ex-dividend May 18), and completed the acquisition of the Lindsey Oil Refinery assets in the U.K.

Phillips 66 (NYSE:PSX - Get Free Report) has received a consensus rating of "Hold" from the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $181.3333.

A number of research firms have commented on PSX. Raymond James Financial lifted their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, March 25th. Barclays lifted their price objective on shares of Phillips 66 from $158.00 to $177.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 8th. Argus lifted their price objective on shares of Phillips 66 from $152.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Zacks Research downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Phillips 66 from $161.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th.

Insider Activity at Phillips 66

In other news, EVP Brian Mandell sold 42,800 shares of the business's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the completion of the transaction, the executive vice president owned 61,595 shares of the company's stock, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total transaction of $659,100.00. Following the transaction, the executive vice president directly owned 25,799 shares of the company's stock, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 95,923 shares of company stock valued at $16,399,619. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Phillips 66

Institutional investors and hedge funds have recently bought and sold shares of the stock. Board of the Pension Protection Fund bought a new stake in shares of Phillips 66 during the 4th quarter worth about $26,000. Accordant Advisory Group Inc raised its position in shares of Phillips 66 by 900.0% during 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 in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Phillips 66 during the 4th quarter worth about $27,000. SWAN Capital LLC raised its position in shares of 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 position in shares of Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company's stock worth $29,000 after buying an additional 90 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $165.04 on Wednesday. The company has a market cap of $66.14 billion, a PE ratio of 15.25, a P/E/G ratio of 0.28 and a beta of 0.76. The company has a fifty day moving average price of $166.90 and a two-hundred day moving average price of $148.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. Phillips 66 has a 12 month low of $102.16 and a 12 month high of $190.61.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Research analysts expect that Phillips 66 will post 15.18 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $1.27 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.08 annualized dividend and a dividend yield of 3.1%. Phillips 66's payout ratio is 46.95%.

More Phillips 66 News

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

• Positive Sentiment: Zacks added PSX to multiple Rank #1 (Strong Buy) lists — including momentum and income picks — which can attract buy-side flows and short-term momentum traders. Best Momentum Stocks to Buy for April 28th New Strong Buy Stocks for April 28th Best Income Stocks to Buy for April 28th
• Positive Sentiment: Analyst upgrade to earnings forecasts: Scotiabank raised its FY2026 EPS estimate materially (from $10.35 to $12.05), signaling analysts see stronger earnings potential than previously modeled. That improves forward earnings visibility versus peers. Scotiabank raises FY2026 EPS estimate
• Positive Sentiment: Strategic asset addition: Phillips 66 Limited completed the acquisition of Prax Lindsey Oil Refinery assets in the U.K., expanding refining footprint and potential product supply flexibility in Europe. This is a tangible growth/capacity move that supports mid- to long-term earnings. Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets
• Positive Sentiment: Institutional/press recognition: PSX is cited in recent screens and articles (Zacks, Yahoo) highlighting women-led companies and growth-oriented profiles, which can broaden investor interest and demand. 5 Women-Run Company Stocks to Buy for Strong Market Returns 5 Women-Run Company Stocks to Buy for Strong Market Returns (Zacks)
• Neutral Sentiment: Zacks published a positive thematic piece on PSX as a strong-growth stock using its Style Scores — useful context for investors but not an immediate catalyst. Here's Why Phillips 66 (PSX) is a Strong Growth Stock
• Neutral Sentiment: Pre-earnings analysis: Zacks’ “countdown to Q1 earnings” piece walks through metric-level estimates beyond revenue/EPS, which helps set expectations but does not change fundamentals by itself. Countdown to Phillips 66 (PSX) Q1 Earnings
• Negative Sentiment: Q1 outlook risk: Several previews (Zacks, Yahoo) note a projected Q1 EPS loss (~$0.55) and declines in midstream revenues and product sales volumes year-over-year — a clear near-term earnings headwind that could pressure the stock if results miss expectations. Phillips 66 Set to Report Q1 Earnings: What's in the Offing? Phillips 66 Set to Report Q1 Earnings (Zacks)
• Negative Sentiment: Operational risk from global supply shocks: Coverage (MSN) highlights supply-blockade dynamics affecting refiners, which could compress margins or disrupt volumes in the near term. Navigating the blockade: Phillips 66, Valero, and ConocoPhillips face Q1 test amid global supply shocks

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.

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