Phillips 66 (NYSE:PSX - Free Report) - Zacks Research raised their Q2 2026 earnings estimates for Phillips 66 in a report released on Thursday, April 24th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $2.07 per share for the quarter, up from their previous estimate of $1.81. The consensus estimate for Phillips 66's current full-year earnings is $6.80 per share.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its 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). 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 the consensus estimate of $31.93 billion. During the same period in the previous year, the firm posted $1.90 EPS.
Several other equities analysts also recently weighed in on PSX. Morgan Stanley reduced their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Mizuho cut their price objective on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a research note on Thursday, March 27th. Scotiabank reduced their price target on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, TD Cowen cut their price target on Phillips 66 from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of "Moderate Buy" and a consensus price target of $136.36.
Check Out Our Latest Analysis on PSX
Phillips 66 Stock Down 1.7 %
NYSE PSX traded down $1.85 during trading hours on Monday, reaching $104.15. 3,211,075 shares of the company's stock traded hands, compared to its average volume of 2,894,546. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a 50-day simple moving average of $114.80 and a 200 day simple moving average of $120.72. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.91. The firm has a market cap of $42.43 billion, a PE ratio of 21.08, a PEG ratio of 4.84 and a beta of 1.17.
Hedge Funds Weigh In On Phillips 66
A number of large investors have recently bought and sold shares of PSX. Bogart Wealth LLC grew its holdings in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. von Borstel & Associates Inc. acquired a new position in Phillips 66 during the 1st quarter valued at approximately $27,000. J.Safra Asset Management Corp purchased a new position in Phillips 66 in the 4th quarter worth $25,000. Olde Wealth Management LLC acquired a new stake in shares of Phillips 66 during the first quarter worth about $28,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Phillips 66 in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 76.93% of the company's stock.
Phillips 66 Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio (DPR) is 97.17%.
About Phillips 66
(
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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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