Phillips 66 Stock Price, News & Analysis (NYSE:PSX)

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSX shares.
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14 Wall Street research analysts have issued 12-month target prices for Phillips 66's shares. Their PSX share price targets range from $116.00 to $150.00. On average, they expect the company's share price to reach $134.43 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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Phillips 66's stock was trading at $104.08 at the beginning of the year. Since then, PSX stock has increased by 20.2% and is now trading at $125.08.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
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Phillips 66 (NYSE:PSX) posted its earnings results on Friday, October, 27th. The oil and gas company reported $4.63 EPS for the quarter, missing the consensus estimate of $4.78 by $0.15. Phillips 66 had a net margin of 5.05% and a trailing twelve-month return on equity of 23.32%. During the same period last year, the company posted $6.46 earnings per share.
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Phillips 66 declared a quarterly dividend on Friday, October 6th. Shareholders of record on Friday, November 17th will be given a dividend of $1.05 per share on Friday, December 1st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for PSX.

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 3.24%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 25.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 31.11% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (2.06%), Barclays PLC (1.74%), Aristotle Capital Management LLC (1.72%), Morgan Stanley (1.54%), Invesco Ltd. (1.30%) and Northern Trust Corp (1.11%). 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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