Zacks Research Predicts Increased Earnings for Phillips 66

Key Points

• Zacks Research has raised its FY2025 earnings per share estimate for Phillips 66 to $4.76, an increase from the previous forecast of $4.70.
• The company's recent quarterly earnings showed a significant increase, reporting $2.38 EPS for the quarter, surpassing the consensus estimate of $1.79.
• Phillips 66 declared a quarterly dividend of $1.20 per share, resulting in a 3.7% dividend yield, with a payout ratio currently at 115.38%.

Phillips 66 (NYSE:PSX - Free Report) - Zacks Research lifted their FY2025 earnings estimates for Phillips 66 in a research report issued on Friday, September 19th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $4.76 per share for the year, up from their previous forecast of $4.70. 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 $2.15 EPS, FY2026 earnings at $9.28 EPS, Q1 2027 earnings at $2.62 EPS and Q2 2027 earnings at $3.37 EPS.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Cantor Fitzgerald initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They issued a "neutral" rating for the company. Mizuho increased their price target on shares of Phillips 66 from $140.00 to $142.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Evercore ISI increased their price target on shares of Phillips 66 from $130.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Citigroup lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and raised their price objective for the company from $126.00 to $130.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.38.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded up $0.14 on Monday, reaching $129.86. 3,361,899 shares of the company's stock were exchanged, compared to its average volume of 2,462,234. The firm has a market capitalization of $52.48 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.86 and a beta of 1.15. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $140.60. The business's 50-day moving average is $127.04 and its two-hundred day moving average is $119.76. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.59. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. The firm had revenue of $33.77 billion for the quarter, compared to the consensus estimate of $32.11 billion. During the same period in the prior year, the firm posted $2.31 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. acquired a new position in Phillips 66 during the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its position in Phillips 66 by 62.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 82 shares during the period. von Borstel & Associates Inc. acquired a new position in Phillips 66 during the 1st quarter valued at about $27,000. Olde Wealth Management LLC acquired a new position in Phillips 66 during the 1st quarter valued at about $28,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Phillips 66 during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Michael A. Heim purchased 1,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were purchased at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the completion of the purchase, the director directly owned 12,043 shares of the company's stock, valued at approximately $1,517,056.71. This represents a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $135.00, for a total transaction of $593,055.00. Following the completion of the sale, the executive vice president directly owned 38,980 shares in the company, valued at approximately $5,262,300. The trade was a 10.13% decrease in their position. The disclosure for this sale can be found here. Insiders have bought 9,850 shares of company stock worth $1,188,910 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.20 per share. The ex-dividend date was Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.7%. Phillips 66's payout ratio is currently 115.38%.

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.