Zacks Research Predicts Increased Earnings for Phillips 66

Phillips 66 (NYSE:PSX - Free Report) - Equities researchers at Zacks Research increased their Q3 2025 earnings per share estimates for shares of Phillips 66 in a research report issued on Wednesday, July 9th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $1.98 for the quarter, up from their prior estimate of $1.96. 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 FY2025 earnings at $4.02 EPS, Q1 2026 earnings at $1.51 EPS and FY2027 earnings at $11.66 EPS.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the company earned $1.90 earnings per share.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a $115.00 price target on shares of Phillips 66 in a research report on Wednesday, June 18th. Tudor Pickering lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wells Fargo & Company reduced their price objective on Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. TD Cowen lifted their target price on Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Evercore ISI began coverage on Phillips 66 in a report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus target price of $135.07.

Phillips 66 Price Performance

NYSE PSX traded down $2.73 during trading hours on Friday, reaching $131.66. 1,679,501 shares of the company's stock were exchanged, compared to its average volume of 3,119,398. The firm has a fifty day moving average of $118.98 and a 200-day moving average of $117.59. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The stock has a market cap of $53.64 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.

Hedge Funds Weigh In On Phillips 66

Large investors have recently added to or reduced their stakes in the company. Elliott Investment Management L.P. grew its holdings in shares of Phillips 66 by 1,929.0% during the first quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company's stock worth $1,941,723,000 after buying an additional 14,950,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Phillips 66 by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company's stock worth $968,844,000 after acquiring an additional 82,758 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Phillips 66 by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,709,108 shares of the oil and gas company's stock valued at $828,442,000 after purchasing an additional 682,459 shares during the last quarter. Invesco Ltd. lifted its position in shares of Phillips 66 by 15.9% in the first quarter. Invesco Ltd. now owns 4,765,866 shares of the oil and gas company's stock worth $588,489,000 after purchasing an additional 653,248 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Phillips 66 by 10.6% in the fourth quarter. Northern Trust Corp now owns 4,589,079 shares of the oil and gas company's stock worth $522,834,000 after purchasing an additional 440,107 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Insiders Place Their Bets

In other Phillips 66 news, EVP Brian Mandell sold 9,800 shares of Phillips 66 stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president owned 56,838 shares of the company's stock, valued at approximately $7,104,750. The trade was a 14.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Pease acquired 439 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the transaction, the director directly owned 4,091 shares of the company's stock, valued at $465,760.35. This represents a 12.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company's stock.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.65%. Phillips 66's payout ratio is 109.34%.

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.