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 "buy" PSX shares.
View PSX analyst ratings or view top-rated stocks.

14 equities research analysts have issued twelve-month price targets for Phillips 66's stock. Their PSX share price forecasts range from $105.00 to $139.00. On average, they predict the company's stock price to reach $121.13 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
View analysts price targets for PSX or view top-rated stocks among Wall Street analysts.

Phillips 66's stock was trading at $104.08 at the beginning of the year. Since then, PSX stock has decreased by 6.8% and is now trading at $97.03.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our PSX earnings forecast.

Phillips 66 (NYSE:PSX) announced its quarterly earnings data on Wednesday, May, 3rd. The oil and gas company reported $4.21 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.63. The oil and gas company earned $35.09 billion during the quarter, compared to analysts' expectations of $29.76 billion. Phillips 66 had a net margin of 7.13% and a trailing twelve-month return on equity of 32.37%. During the same quarter last year, the business posted $1.32 earnings per share.
Read the conference call transcript.

Phillips 66 declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Monday, May 22nd will be given a dividend of $1.05 per share on Thursday, June 1st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, May 19th.
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), Invesco Dynamic Energy Exploration & Production ETF (PXE), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Timothy Plan Market Neutral ETF (TPMN), Invesco S&P 500 Equal Weight Energy ETF (RYE), WBI BullBear Yield 3000 ETF (WBIG) and First Trust Nasdaq Oil & Gas ETF (FTXN).

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 4.51%. PSX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 16.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 36.30% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.16%), State Street Corp (7.05%), Geode Capital Management LLC (2.12%), Wellington Management Group LLP (1.88%), FMR LLC (1.76%) and Aristotle Capital Management LLC (1.73%). Insiders that own company stock include Greg C Garland, Greg C Garland, Gregory Hayes, John E Lowe, Joseph Scott Pruitt, 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 $97.03.

Phillips 66 (NYSE:PSX) has a market capitalization of $44.52 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 $25.86 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.