Q2 EPS Estimates for Phillips 66 Decreased by Zacks Research

Phillips 66 (NYSE:PSX - Free Report) - Investment analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for Phillips 66 in a note issued to investors on Wednesday, July 9th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $1.58 for the quarter, down from their prior estimate of $1.59. The consensus estimate for Phillips 66's current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Phillips 66's Q2 2026 earnings at $2.07 EPS, Q4 2026 earnings at $2.28 EPS, FY2026 earnings at $8.39 EPS, Q1 2027 earnings at $0.46 EPS and Q2 2027 earnings at $1.89 EPS.

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter in the previous year, the company earned $1.90 earnings per share.

Several other research analysts have also issued reports on PSX. Cantor Fitzgerald started coverage on Phillips 66 in a report on Wednesday, June 18th. They issued a "neutral" rating on the stock. The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. Mizuho lifted their price target on shares of Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Raymond James Financial decreased their price target on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Phillips 66 currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.07.

Phillips 66 Price Performance

Shares of PSX opened at $131.66 on Monday. The firm has a market cap of $53.64 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12. The business's 50 day moving average price is $119.47 and its two-hundred day moving average price is $117.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, August 19th. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Insiders Place Their Bets

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the transaction, the executive vice president directly owned 43,373 shares of the company's stock, valued at $5,638,490. This trade represents a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian Mandell sold 9,800 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total transaction of $1,225,000.00. Following the sale, the executive vice president owned 56,838 shares of the company's stock, valued at approximately $7,104,750. This represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.22% of the company's stock.

Institutional Trading of Phillips 66

Large investors have recently made changes to their positions in the stock. Pacific Center for Financial Services bought a new stake in Phillips 66 during the fourth quarter valued at approximately $27,000. von Borstel & Associates Inc. bought a new stake in Phillips 66 during the first quarter valued at approximately $27,000. Graney & King LLC bought a new stake in Phillips 66 during the fourth quarter valued at approximately $28,000. Olde Wealth Management LLC purchased a new position in Phillips 66 during the first quarter valued at approximately $28,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Phillips 66 during the fourth quarter valued at approximately $29,000. 76.93% of the stock is currently owned by institutional investors.

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.

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