Phillips 66 (PSX) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSX shares.
View PSX analyst ratings or view top-rated stocks.

14 analysts have issued 12-month price targets for Phillips 66's stock. Their PSX share price forecasts range from $105.00 to $144.00. On average, they expect the company's share price to reach $129.73 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price.
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Phillips 66's stock was trading at $104.08 at the beginning of 2023. Since then, PSX shares have increased by 18.1% and is now trading at $122.95.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our PSX earnings forecast.

Phillips 66 will be holding an earnings conference call on Friday, October 27th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) posted its earnings results on Wednesday, August, 2nd. The oil and gas company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.54 by $0.33. The oil and gas company earned $35.74 billion during the quarter, compared to the consensus estimate of $32.13 billion. Phillips 66 had a trailing twelve-month return on equity of 26.25% and a net margin of 6.81%. During the same period in the previous year, the firm posted $6.77 earnings per share.
Read the conference call transcript.

Phillips 66 announced a quarterly dividend on Wednesday, July 12th. Stockholders of record on Friday, August 18th will be given a dividend of $1.05 per share on Friday, September 1st. This represents a $4.20 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for PSX.

ETFs with the largest weight of Phillips 66 (NYSE:PSX) stock in their portfolio include VanEck Oil Refiners ETF (CRAK), Invesco S&P Ultra Dividend Revenue ETF (RDIV), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Nasdaq Oil & Gas ETF (FTXN), Energy Select Sector SPDR Fund (XLE) and Morgan Dempsey Large Cap Value ETF (MDLV).

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 33.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Chevron (CVX), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), ConocoPhillips (COP) and CVS Health (CVS).

Phillips 66 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSX."

Phillips 66's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.25%), State Street Corp (7.01%), Wells Fargo & Company MN (3.84%), Geode Capital Management LLC (2.19%), Aristotle Capital Management LLC (1.76%) and Barclays PLC (1.67%). Insiders that own company stock include Brian Mandell, Greg C Garland, Greg C Garland, Gregory Hayes, Joseph Scott Pruitt, Kevin J Mitchell, Paula Ann Johnson, Robert A Herman and Timothy D Roberts.
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Shares of PSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSX stock can currently be purchased for approximately $122.95.

Phillips 66 (NYSE:PSX) has a market capitalization of $54.75 billion and generates $175.70 billion in revenue each year. The oil and gas company earns $11.02 billion in net income (profit) each year or $23.05 on an earnings per share basis.

The company employs 13,000 workers across the globe.

Phillips 66's mailing address is 2331 CITYWEST BOULEVARD, HOUSTON TX, 77042. The official website for the company is www.phillips66.com. The oil and gas company can be reached via phone at (281) 293-6600, via email at investorrelations@p66.com, or via fax at 302-636-5454.