Q2 EPS Estimates for Phillips 66 Increased by Zacks Research

Phillips 66 (NYSE:PSX - Free Report) - Stock analysts at Zacks Research raised their Q2 2025 earnings estimates for shares of Phillips 66 in a research note issued on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $1.58 per share for the quarter, up from their prior estimate of $1.57. 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 Q3 2025 earnings at $1.93 EPS, FY2025 earnings at $3.95 EPS, Q2 2026 earnings at $2.06 EPS, Q3 2026 earnings at $2.49 EPS, Q4 2026 earnings at $2.29 EPS and FY2027 earnings at $10.93 EPS.

Other equities analysts have also recently issued reports about the company. Tudor Pickering cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group lowered their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Scotiabank decreased their price objective on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Barclays raised their price target on Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.86.

Phillips 66 Trading Up 1.7%

PSX traded up $1.89 on Thursday, reaching $115.02. 831,498 shares of the company's stock were exchanged, compared to its average volume of 2,994,895. The company's 50 day moving average is $110.28 and its 200-day moving average is $118.86. The company has a market cap of $46.86 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 4.84 and a beta of 1.01. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The company had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same period in the prior year, the company earned $1.90 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tallon Kerry Patrick purchased a new stake in Phillips 66 during the fourth quarter valued at about $336,000. Merit Financial Group LLC boosted its holdings in shares of Phillips 66 by 100.9% during the fourth quarter. Merit Financial Group LLC now owns 8,372 shares of the oil and gas company's stock worth $954,000 after purchasing an additional 4,204 shares during the period. Ballentine Partners LLC lifted its holdings in Phillips 66 by 11.4% in the fourth quarter. Ballentine Partners LLC now owns 3,040 shares of the oil and gas company's stock worth $346,000 after buying an additional 312 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in Phillips 66 in the fourth quarter worth about $372,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Phillips 66 by 22.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 238,300 shares of the oil and gas company's stock worth $27,150,000 after buying an additional 43,631 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $1.20 per share. This is a boost from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a yield of 4.17%. Phillips 66's payout ratio is presently 109.34%.

About Phillips 66

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.