Phillips 66 - PSX Stock Forecast, Price & News

14 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSX shares.
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14 brokerages have issued twelve-month price targets for Phillips 66's shares. Their PSX share price forecasts range from $78.00 to $155.00. On average, they anticipate the company's stock price to reach $116.73 in the next twelve months. This suggests a possible upside of 5.4% 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 $72.46 at the beginning of 2022. Since then, PSX stock has increased by 52.9% and is now trading at $110.78.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our PSX earnings forecast.

Phillips 66 (NYSE:PSX) announced its quarterly earnings data on Tuesday, November, 1st. The oil and gas company reported $6.46 EPS for the quarter, beating analysts' consensus estimates of $4.82 by $1.64. Phillips 66 had a net margin of 6.18% and a trailing twelve-month return on equity of 32.66%. During the same period in the previous year, the business posted $3.18 EPS.
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Phillips 66 declared 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 3.50%. The ex-dividend date of this dividend is Wednesday, November 16th.
Read our dividend analysis for PSX.

Phillips 66 (NYSE:PSX) pays an annual dividend of $3.88 per share and currently has a dividend yield of 3.50%. 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 17.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 25.43% 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.72%), BlackRock Inc. (7.47%), State Street Corp (6.99%), Barrow Hanley Mewhinney & Strauss LLC (1.36%), Bank of New York Mellon Corp (0.92%) and Dimensional Fund Advisors LP (0.66%). Insiders that own company stock include Gary Kramer Adams, Greg C Garland, Greg C Garland, 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 $110.78.

Phillips 66 (NYSE:PSX) has a market capitalization of $52.36 billion and generates $114.85 billion in revenue each year. The oil and gas company earns $1.32 billion in net income (profit) each year or $21.86 on an earnings per share basis.

The company employs 7,110 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.