Phillips 66 - PSX Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSX shares.
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13 analysts have issued 12 month target prices for Phillips 66's shares. Their PSX share price forecasts range from $89.00 to $139.00. On average, they expect the company's stock price to reach $121.27 in the next twelve months. This suggests a possible upside of 26.0% 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 start of the year. Since then, PSX stock has decreased by 7.5% and is now trading at $96.23.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PSX earnings forecast.

Phillips 66 will be holding an earnings conference call on Wednesday, May 3rd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) issued its quarterly earnings results on Tuesday, January, 31st. The oil and gas company reported $4.00 EPS for the quarter, missing the consensus estimate of $4.35 by $0.35. The oil and gas company had revenue of $40.91 billion for the quarter, compared to analyst estimates of $34.30 billion. Phillips 66 had a net margin of 6.27% and a trailing twelve-month return on equity of 31.20%. During the same period in the prior year, the company earned $2.94 EPS.
Read the conference call transcript.

Phillips 66 declared a quarterly dividend on Wednesday, February 8th. Stockholders of record on Tuesday, February 21st will be given a dividend of $1.05 per share on Wednesday, March 1st. This represents a $4.20 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, February 17th. This is an increase from the stock's previous quarterly dividend of $0.97.
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 Dynamic Energy Exploration & Production ETF (PXE), 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), First Trust Nasdaq Oil & Gas ETF (FTXN), Energy Select Sector SPDR Fund (XLE) and First Trust Energy AlphaDEX Fund (FXN).

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 4.48%. 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 18.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 31.25% 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 Wells Fargo & Company MN (3.56%), Moneta Group Investment Advisors LLC (2.11%), Geode Capital Management LLC (2.06%), Aristotle Capital Management LLC (1.74%), Morgan Stanley (1.47%) and Bank of America Corp DE (1.37%). Insiders that own company stock include Gary Kramer Adams, 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 $96.23.

Phillips 66 (NYSE:PSX) has a market capitalization of $44.64 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 $22.95 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.