NYSE:PSX

Phillips 66 - PSX Stock Forecast, Price & News

$99.22

+1.14 (+1.16%)

(As of 02/7/2023 10:29 AM ET)

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Today's Range: $98.53
▼
$99.59
50-Day Range: $97.99
▼
$111.49
52-Week Range: $73.85
▼
$113.53

Volume: 475,172 shs
Average Volume: 3.19 million shs
Market Capitalization: $46.89 billion

P/E Ratio: 4.32
Dividend Yield: 3.93%
Price Target: $120.00

Institutional Ownership

Phillips 66 MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 20.9% Upside
$120.00 Price Target
Short Interest: Healthy
2.07% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.56
Upright™ Environmental Score
News Sentiment: 0.14
Based on 27 Articles This Week
Insider Trading: Acquiring Shares
$1 M Bought Last Quarter
Proj. Earnings Growth: -13.83%
From $14.90 to $12.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Oils/Energy Sector

27th out of 237 stocks

Petroleum Refining Industry

2nd out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
Phillips 66 has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $120.00, Phillips 66 has a forecasted upside of 20.9% from its current price of $99.22.
Amount of Analyst Coverage
Phillips 66 has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.07% of the outstanding shares of Phillips 66 have been sold short.
Short Interest Ratio / Days to Cover
Phillips 66 has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Phillips 66 has recently decreased by 3.17%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Phillips 66 is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 is 16.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Phillips 66 will have a dividend payout ratio of 30.22% next year. This indicates that Phillips 66 will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Phillips 66 has received a -173.63% net impact score from Upright. The largest negative impact of Phillips 66 in category "GHG emissions" seems to be driven mostly by its "Oil and gas industry chemicals", "Ethylene and sulfur derivatives", "Refined natural gas", "Oil handling services", and "Retail of gasoline at a gas station" products. See details.
Environmental Sustainability
The Environmental Impact score for Phillips 66 is -5.56.

2.9

News and Social Media Coverage

News Sentiment
Phillips 66 has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 27 news articles for Phillips 66 this week, compared to 8 articles on an average week.
Search Interest
84 people have searched for PSX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
29 people have added Phillips 66 to their MarketBeat watchlist in the last 30 days. This is an increase of 53% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips 66 insiders have bought 149.25% more of their company's stock than they have sold. Specifically, they have bought $1,001,938.00 in company stock and sold $401,988.00 in company stock.
Percentage Held by Insiders
Only 0.74% of the stock of Phillips 66 is held by insiders.
Percentage Held by Institutions
70.76% of the stock of Phillips 66 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Phillips 66 are expected to decrease by -13.83% in the coming year, from $14.90 to $12.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 is 4.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 is 4.32, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.53.
Price to Earnings Growth Ratio
Phillips 66 has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Phillips 66 has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Phillips 66 (NYSE:PSX) Stock

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. The company was founded in 1875 and is headquartered in Houston, TX.

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PSX Stock News Headlines

January 23, 2023 | marketbeat.com

Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases (PSX)

The energy sector is bouncing back after a red-hot 2022, with stocks including ConocoPhillips, EOG, HF Sinclair, and Phillips 66 boasting strong price action.

February 6, 2023 | seekingalpha.com

Phillips 66: Buy The Drop And Secure A 3.9% Dividend Yield

February 7, 2023 | PressReach (Ad)

This Stock Could Rebound Quick

It's not often we see a stock with this much potential.

February 5, 2023 | americanbankingnews.com

Insider Buying: Phillips 66 (NYSE:PSX) Director Acquires 10,250 Shares of Stock

February 2, 2023 | finance.yahoo.com

Phillips 66 Full Year 2022 Earnings: EPS Misses Expectations

February 2, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, Phillips 66 (NYSE:PSX) Presents An Opportunity

February 1, 2023 | finance.yahoo.com

Layoffs hit Denver-based energy company amid Phillips 66 acquisition

February 1, 2023 | forbes.com

Why Phillips 66 Is A Top 10 Energy Dividend Stock

February 7, 2023 | PressReach (Ad)

This Stock Could Rebound Quick

It's not often we see a stock with this much potential.

February 1, 2023 | investors.com

Stock Market Ends January On High Note; Phillips 66 Is S&P Biggest Loser

January 31, 2023 | finance.yahoo.com

Phillips 66 stock drops on Q4 earnings miss, lower refining margins

January 31, 2023 | marketwatch.com

Phillips 66 stock falls Tuesday, underperforms market

January 31, 2023 | finance.yahoo.com

U.S. refiners expect Russian fuel sanctions to keep margins high

January 31, 2023 | finance.yahoo.com

Phillips 66 (PSX) Q4 2022 Earnings Call Transcript

January 31, 2023 | seekingalpha.com

Phillips 66, Vivakor the only losers among Energy/Materials stocks, Lithium Americas leads gainers

January 31, 2023 | msn.com

Phillips 66 plunges after Q4 earnings miss as refining margin declined

January 31, 2023 | msn.com

Shares for Phillips 66 lower after release of fourth-quarter earnings

January 31, 2023 | markets.businessinsider.com

Phillips 66 Adj. EPS Miss Estimates

January 31, 2023 | reuters.com

Refiner Phillips 66 joins rivals in posting sky-high profit

January 31, 2023 | finance.yahoo.com

Phillips 66 Reports Fourth-Quarter 2022 Financial Results

January 30, 2023 | msn.com

Phillips 66 Q4 2022 Earnings Preview

January 26, 2023 | finance.yahoo.com

Phillips 66 Looks Like It's on the Right Route

January 25, 2023 | marketwatch.com

Phillips 66 stock rises Wednesday, outperforms market

January 24, 2023 | finance.yahoo.com

Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery

January 24, 2023 | marketwatch.com

Phillips 66 stock rises Tuesday, outperforms market

January 20, 2023 | markets.businessinsider.com

Phillips 66 (PSX) Receives a Rating Update from a Top Analyst

January 19, 2023 | fool.com

Up 50% in The 2022 Bear Market, Is Phillips 66 Still a Winner?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PSX Company Calendar

Ex-Dividend for 12/1 Dividend: 11/16/2022
Dividend Payable: 12/01/2022
Last Earnings: 1/31/2023
Today: 2/07/2023
Next Earnings (Estimated): 5/05/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Petroleum refining
Sub-Industry: Oil & Gas Refining & Marketing
Sector: Oils/Energy
Current Symbol: NYSE:PSX
CUSIP: 71854610
CIK: 1534701
Web: www.phillips66.com
Phone: (281) 293-6600
Fax: 302-636-5454
Employees: 7,110
Year Founded: 1875

Price Target and Rating

Average Stock Price Forecast: $120.00
High Stock Price Forecast: $137.00
Low Stock Price Forecast: $89.00
Forecasted Upside/Downside: +20.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $22.95
Trailing P/E Ratio: 4.32
Forward P/E Ratio: 6.66
P/E Growth: 0.37
Net Income: $11.02 billion
Net Margins: 6.27%
Pretax Margin: 8.33%
Return on Equity: 33.38%
Return on Assets: 13.30%

Debt

Debt-to-Equity Ratio: 0.50
Current Ratio: 1.30
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $175.70 billion
Price / Sales: 0.27
Cash Flow: $22.40 per share
Price / Cash Flow: 4.43
Book Value: $49.39 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 472,630,000
Free Float: 469,135,000
Market Cap: $46.89 billion
Optionable: Optionable
Beta: 1.39

Social Links

Key Executives

Mark E. Lashier
President, Chief Executive Officer & Director

Kevin J. Mitchell
Chief Financial Officer & Executive VP-Finance

Scott J. Pruitt
Controller & Vice President

Heather Crowder
Vice President & General Tax Officer

Tim Roberts
Executive Vice President-Midstream

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PSX Stock - Frequently Asked Questions

Should I buy or sell Phillips 66 stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSX shares.
View PSX analyst ratings or view top-rated stocks.
What is Phillips 66's stock price forecast for 2023?: 12 Wall Street analysts have issued 1-year target prices for Phillips 66's stock. Their PSX share price forecasts range from $89.00 to $137.00. On average, they anticipate the company's stock price to reach $120.00 in the next twelve months. This suggests a possible upside of 21.2% 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 2023?: Phillips 66's stock was trading at $104.08 at the start of the year. Since then, PSX stock has decreased by 4.9% and is now trading at $99.00.
View the best growth stocks for 2023 here.
When is Phillips 66's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our PSX earnings forecast.
How were Phillips 66's earnings last quarter?: Phillips 66 (NYSE:PSX) announced its earnings results on Tuesday, January, 31st. The oil and gas company reported $4.00 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 33.38% and a net margin of 6.27%. During the same period last year, the firm posted $2.94 earnings per share.
Read the conference call transcript.
How often does Phillips 66 pay dividends? What is the dividend yield for Phillips 66?: Phillips 66 announced a quarterly dividend on Friday, October 7th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.97 per share on Thursday, December 1st. This represents a $3.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Wednesday, November 16th.
Read our dividend analysis for PSX.
Is Phillips 66 a good dividend stock?: Phillips 66 (NYSE:PSX) pays an annual dividend of $3.88 per share and currently has a dividend yield of 3.93%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 30.22% 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).
What is Phillips 66's stock symbol?: Phillips 66 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSX."
Who are Phillips 66's major shareholders?: Phillips 66's stock is owned by many different institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Bank of Montreal Can (0.24%), Los Angeles Capital Management LLC (0.15%), Fort Washington Investment Advisors Inc. OH (0.13%) and Mizuho Markets Americas LLC (0.13%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Phillips 66's stock price today?: One share of PSX stock can currently be purchased for approximately $99.00.
How much money does Phillips 66 make?: Phillips 66 (NYSE:PSX) has a market capitalization of $46.79 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.
How many employees does Phillips 66 have?: The company employs 7,110 workers across the globe.
Does Phillips 66 have any subsidiaries?: The following companies are subsidiares of Phillips 66: Asamera Oil (US) Inc., C.S. Land Inc., Colorado Liberty Pipeline LLC, Douglas Oil Company of California, Gray Oak Holdings LLC, Harrogate Investments Limited, JET Energy Trading GmbH, JET Petrol Limited, JET Petroleum Limited, JET Retail UK Limited, JET Tankstellen Austria GmbH, JET Tankstellen Deutschland GmbH (CPGG), KHQ LLC, Kansas City Retail and Convenience LLC, Kayo Oil Company, Kenworth Limited, Linden Urban Renewal Limited Partnership, Merey Sweeny LLC, OK CNG 5 LLC, Phillips 66 Alliance Dock LLC, Phillips 66 Alliance H2PL LLC, Phillips 66 Asia Ltd., Phillips 66 Asia Pacific Investments Ltd., 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 Crude Condensate Pipeline A LLC, Phillips 66 Crude Condensate Pipeline B LLC, Phillips 66 DAPL Holdings LLC, Phillips 66 ETCO Holdings LLC, Phillips 66 European Power Limited, Phillips 66 Export Terminal Alpha LLC, Phillips 66 Export Terminal Bravo LLC, Phillips 66 Export Terminal Charlie LLC, Phillips 66 Export Terminal Delta LLC, Phillips 66 Export Terminal LLC, Phillips 66 Funding Ltd., Phillips 66 GmbH, Phillips 66 Gulf Coast Pipeline LLC, Phillips 66 Gulf Coast Properties Alpha LLC, Phillips 66 Gulf Coast Properties Bravo LLC, Phillips 66 Gulf Coast Properties LLC, Phillips 66 International Holdings Company, Phillips 66 International Inc., 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 Power Holdings Ltd., 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 Sweeny Crude Export LLC, Phillips 66 Sweeny Frac 2 A LLC, Phillips 66 Sweeny Frac 2 B LLC, Phillips 66 Sweeny Frac 2 C LLC, Phillips 66 Sweeny Frac 2 LLC, Phillips 66 Sweeny Frac LLC, Phillips 66 Sweeny-Freeport 2 Pipeline LLC, Phillips 66 Sweeny-Freeport A LLC, Phillips 66 Sweeny-Freeport B LLC, Phillips 66 Sweeny-Freeport LLC, Phillips 66 TS Limited, Phillips 66 Trading 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 Gas Pipeline Company, Phillips Utility Gas Corporation, Pioneer Investments Corp., Pioneer Pipe Line Company, Qingdao Phillips 66 Energy Co. Ltd., R.A.Z. Properties Inc., Radius Insurance Company, SHC Insurance Company, Salt Lake Terminal Company, Seagas Pipeline Company, Sentinel Transportation LLC, Spectrum Corporation, Spirit Insurance Company, Sweeny Cogeneration LLC, Tosco Corporation, WesTTex 66 Pipeline LLC, and West Retail Holdings LLC.
Read More
How can I contact Phillips 66?: 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.

This page (NYSE:PSX) was last updated on 2/7/2023 by MarketBeat.com Staff

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Phillips 66 - PSX Stock Forecast, Price & News

Phillips 66 MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Phillips 66 (NYSE:PSX) Stock

PSX Stock News Headlines

PSX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

PSX Stock - Frequently Asked Questions

Overall MarketRank^™