Phillips 66 (PSX) Stock Price, News & Analysis

$157.52
-1.32 (-0.83%)
(As of 02:52 PM ET)
Today's Range
$156.29
$158.18
50-Day Range
$141.15
$172.75
52-Week Range
$89.74
$174.08
Volume
969,910 shs
Average Volume
2.95 million shs
Market Capitalization
$67.39 billion
P/E Ratio
10.18
Dividend Yield
2.67%
Price Target
$158.00

Phillips 66 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
1.0% Upside
$158.00 Price Target
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.56
Upright™ Environmental Score
News Sentiment
0.69mentions of Phillips 66 in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$5.27 M Sold Last Quarter
Proj. Earnings Growth
6.47%
From $13.45 to $14.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Oils/Energy Sector

22nd out of 234 stocks

Petroleum Refining Industry

3rd out of 17 stocks

PSX stock logo

About Phillips 66 Stock (NYSE:PSX)

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. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

PSX Stock Price History

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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/1 Dividend
2/16/2024
Dividend Payable
3/01/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/26/2024
Ex-Dividend for 6/3 Dividend
5/17/2024
Dividend Payable
6/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Refining & Marketing
CUSIP
71854610
Employees
14,000
Year Founded
1875

Price Target and Rating

Average Stock Price Target
$158.00
High Stock Price Target
$191.00
Low Stock Price Target
$125.00
Potential Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
15 Analysts

Profitability

Net Income
$7.02 billion
Pretax Margin
6.42%

Debt

Sales & Book Value

Annual Sales
$149.89 billion
Cash Flow
$21.42 per share
Book Value
$71.94 per share

Miscellaneous

Free Float
426,883,000
Market Cap
$67.98 billion
Optionable
Optionable
Beta
1.37

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Should I Buy Phillips 66 Stock? PSX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Phillips 66:

  • Phillips 66 operates in the energy manufacturing and logistics sector, providing diversified revenue streams.
  • The company has a strong presence in the petroleum refining industry, which can offer stability and consistent cash flows.
  • Recent developments show that Phillips 66 has been investing in renewable energy initiatives, aligning with the growing focus on sustainability.
  • With a focus on innovation and efficiency, Phillips 66 is well-positioned to adapt to changing market dynamics and technological advancements.
  • Considering the current stock price and market trends, Phillips 66 may present a value investment opportunity.

Cons

Investors should be bearish about investing in Phillips 66 for these reasons:

  • The energy sector is subject to market volatility and regulatory changes, impacting the company's financial performance.
  • Fluctuations in oil prices can directly affect Phillips 66's profitability and margins.
  • Competition within the industry may pose challenges for Phillips 66 in maintaining market share and pricing power.
  • Environmental concerns and shifting consumer preferences towards sustainable energy sources could impact the demand for Phillips 66's products.
  • Global economic conditions and geopolitical factors can influence the energy market, affecting Phillips 66's operations and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Phillips 66 pros and cons to contact@marketbeat.com.

PSX Stock Analysis - Frequently Asked Questions

Should I buy or sell Phillips 66 stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 4 hold ratings and 11 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.

What is Phillips 66's stock price target for 2024?

15 equities research analysts have issued 1-year price targets for Phillips 66's shares. Their PSX share price targets range from $125.00 to $191.00. On average, they anticipate the company's stock price to reach $158.00 in the next year. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for PSX
or view top-rated stocks among Wall Street analysts.

How have PSX shares performed in 2024?

Phillips 66's stock was trading at $133.14 on January 1st, 2024. Since then, PSX shares have increased by 17.5% and is now trading at $156.44.
View the best growth stocks for 2024 here
.

When is Phillips 66's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our PSX earnings forecast
.

How can I listen to Phillips 66's earnings call?

Phillips 66 will be holding an earnings conference call on Friday, April 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Phillips 66's earnings last quarter?

Phillips 66 (NYSE:PSX) announced its quarterly earnings results on Wednesday, January, 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.72. The oil and gas company had revenue of $38.74 billion for the quarter, compared to analysts' expectations of $34.30 billion. Phillips 66 had a net margin of 4.68% and a trailing twelve-month return on equity of 22.10%.

How often does Phillips 66 pay dividends? What is the dividend yield for Phillips 66?

Phillips 66 announced a quarterly dividend on Wednesday, April 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $1.15 per share on Monday, June 3rd. This represents a $4.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for PSX
.

Is Phillips 66 a good dividend stock?

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.67%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 29.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSX.

What other stocks do shareholders of Phillips 66 own?

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).

Who are Phillips 66's major shareholders?

Phillips 66's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.28%), Raymond James & Associates (0.18%), Raymond James Financial Services Advisors Inc. (0.16%), Stonegate Investment Group LLC (0.12%), Miller Howard Investments Inc. NY (0.07%) and Cookson Peirce & Co. Inc. (0.07%). Insiders that own company stock include Brian Mandell, Greg C Garland, Gregory Hayes, Joseph Scott Pruitt, Kevin J Mitchell, Paula Ann Johnson, Richard G Harbison, Robert A Herman, Robert W Pease, Timothy D Roberts, Vanessa Allen Sutherland and Zhanna Golodryga.
View institutional ownership trends
.

How do I buy shares of Phillips 66?

Shares of PSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Phillips 66 have any subsidiaries?
The following companies are subsidiares of Phillips 66: Asamera Oil (US) Inc., C.S. Land Inc., Central Retail Holdings LLC, Douglas Oil Company of California, Gray Oak Holdings LLC, JET Energy Trading GmbH, JET Petrol Limited, JET Petroleum Limited, JET Retail UK Limited, JET Tankstellen Austria GmbH, JET Tankstellen Deutschland GmbH, KHQ LLC, Kansas City Retail and Convenience LLC, Kayo Oil Company, Linden Urban Renewal Limited Partnership, Merey Sweeny LLC, OK CNG 5 LLC, Phillips 66 Alliance Dock LLC, Phillips 66 Alliance H2PL LLC, Phillips 66 Aviation LLC, Phillips 66 CS Limited, Phillips 66 Canada Ltd., Phillips 66 Capital Holdings LLC, Phillips 66 Carrier LLC, Phillips 66 Central Europe Inc., Phillips 66 Communications Inc., Phillips 66 Company, Phillips 66 Continental Holding GmbH, Phillips 66 DAPL Holdings LLC, Phillips 66 ETCO Holdings LLC, Phillips 66 European Power Limited, Phillips 66 Export Terminal LLC, Phillips 66 GmbH, Phillips 66 Gulf Coast Pipeline LLC, Phillips 66 Gulf Coast Properties LLC, Phillips 66 International Holdings Company, Phillips 66 International Investments Ltd., Phillips 66 International Trading Pte. Ltd., Phillips 66 Investment Holdings LLC, Phillips 66 Ireland Pension Trust Limited, Phillips 66 LCR Isomerization LLC, Phillips 66 Limited, Phillips 66 Partners Finance Corporation, Phillips 66 Partners GP LLC, Phillips 66 Partners Holdings LLC, Phillips 66 Partners LP, Phillips 66 Pension Plan Trustee Limited, Phillips 66 Pipeline LLC, Phillips 66 Project Development Inc., Phillips 66 Sand Hills LLC, Phillips 66 Southern Hills LLC, Phillips 66 Spectrum Corporation, Phillips 66 Stillwater Retail Corporation, Phillips 66 Stillwater Retail One LLC, Phillips 66 Stillwater Retail Two LLC, Phillips 66 Sweeny Crude Export LLC, Phillips 66 Sweeny Frac 2 LLC, Phillips 66 Sweeny Frac LLC, Phillips 66 Sweeny-Freeport 2 Pipeline LLC, Phillips 66 Sweeny-Freeport LLC, Phillips 66 TS Limited, Phillips 66 Treasury Limited, Phillips 66 UK Development Limited, Phillips 66 UK Funding Limited, Phillips 66 UK Holdings Limited, Phillips 66 WRB Partner LLC, Phillips Chemical Holdings LLC, Phillips Gas Company LLC, Phillips Gas Company Shareholder Inc., Phillips Utility Gas Corporation, Phoenix Sub LLC, Pioneer Investments Corp., Pioneer Pipe Line Company, Qingdao Phillips 66 Energy Co. Ltd., Radius Insurance Company, SHC Insurance Company, Salt Lake Terminal Company, Sentinel Transportation LLC, Spectrum Corporation, Spirit Insurance Company, Sweeny Cogeneration LLC, Tosco Corporation, WesTTex 66 Pipeline LLC, West Retail Holdings LLC, and eFUEL LLC.
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This page (NYSE:PSX) was last updated on 4/24/2024 by MarketBeat.com Staff

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