Phillips 66 - PSX Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSX shares.
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14 Wall Street analysts have issued 12 month price targets for Phillips 66's shares. Their PSX share price forecasts range from $78.00 to $132.00. On average, they expect the company's stock price to reach $106.73 in the next year. This suggests a possible upside of 31.1% from the stock's current price.
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Phillips 66's stock was trading at $72.46 at the beginning of 2022. Since then, PSX stock has increased by 12.3% and is now trading at $81.40.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Phillips 66 will be holding an earnings conference call on Tuesday, November 1st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) released its earnings results on Friday, July, 29th. The oil and gas company reported $6.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.92 by $0.85. The oil and gas company earned $49.31 billion during the quarter, compared to analysts' expectations of $40.93 billion. Phillips 66 had a trailing twelve-month return on equity of 29.60% and a net margin of 3.59%. Phillips 66's quarterly revenue was up 76.8% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share.
Read the conference call transcript.

Phillips 66 declared a quarterly dividend on Tuesday, July 12th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.97 per share on Thursday, September 1st. This represents a $3.88 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Wednesday, August 17th.
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 5.09%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 34.19% 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 State Street Corp (6.79%), FMR LLC (2.13%), Northern Trust Corp (1.06%), JPMorgan Chase & Co. (0.83%), Legal & General Group Plc (0.80%) and Amundi (0.50%). Insiders that own company stock include Chukwuemeka A Oyolu, 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 $81.40.

Phillips 66 (NYSE:PSX) has a market capitalization of $39.16 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 $11.61 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.