S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:PSX

Phillips 66 - PSX Stock Forecast, Price & News

$83.76
+1.11 (+1.34%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$81.51
$84.49
50-Day Range
$78.55
$110.25
52-Week Range
$63.19
$111.28
Volume
1.80 million shs
Average Volume
3.00 million shs
Market Capitalization
$40.29 billion
P/E Ratio
7.21
Dividend Yield
4.63%
Price Target
$108.29

Phillips 66 MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
29.3% Upside
$108.29 Price Target
Short Interest
Healthy
2.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.77
Upright™ Environmental Score
News Sentiment
0.38mentions of Phillips 66 in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$32.33 M Sold Last Quarter
Proj. Earnings Growth
-32.01%
From $16.15 to $10.98 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Oils/Energy Sector

21st out of 336 stocks

Petroleum Refining Industry

3rd out of 21 stocks

PSX stock logo

About Phillips 66 (NYSE:PSX) Stock

Phillips 66 operates as an energy manufacturing and logistics company. 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 fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com raised shares of Phillips 66 from a "buy" rating to a "strong-buy" rating in a report on Monday, August 1st. Wells Fargo & Company lifted their target price on shares of Phillips 66 from $114.00 to $127.00 and gave the company an "overweight" rating in a report on Tuesday, June 14th. JPMorgan Chase & Co. lifted their target price on shares of Phillips 66 from $102.00 to $112.00 in a report on Tuesday, May 17th. Credit Suisse Group lifted their target price on shares of Phillips 66 to $122.00 in a report on Thursday, June 9th. Finally, Barclays lifted their target price on shares of Phillips 66 from $95.00 to $113.00 and gave the company an "overweight" rating in a report on Wednesday, July 6th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.29.

Phillips 66 Stock Performance

NYSE:PSX traded up $1.11 during midday trading on Friday, reaching $83.76. The stock had a trading volume of 1,796,206 shares, compared to its average volume of 3,001,298. The stock has a market cap of $40.29 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.45 and a beta of 1.41. Phillips 66 has a 12-month low of $63.19 and a 12-month high of $111.28. The firm has a fifty day simple moving average of $90.45 and a two-hundred day simple moving average of $87.93. The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 0.51.

Phillips 66 (NYSE:PSX - Get Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $6.77 EPS for the quarter, topping the consensus estimate of $5.92 by $0.85. The company had revenue of $49.31 billion for the quarter, compared to analyst estimates of $40.93 billion. Phillips 66 had a net margin of 3.59% and a return on equity of 29.60%. The business's revenue was up 76.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, equities analysts expect that Phillips 66 will post 16.15 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $3.88 annualized dividend and a dividend yield of 4.63%. Phillips 66's payout ratio is currently 33.42%.

Insider Buying and Selling

In related news, CEO Greg C. Garland sold 146,700 shares of the business's stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $109.70, for a total value of $16,092,990.00. Following the sale, the chief executive officer now directly owns 656,563 shares in the company, valued at approximately $72,024,961.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Robert A. Herman sold 47,200 shares of the business's stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $102.82, for a total value of $4,853,104.00. Following the completion of the transaction, the executive vice president now owns 64,106 shares of the company's stock, valued at approximately $6,591,378.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Greg C. Garland sold 146,700 shares of the business's stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $109.70, for a total transaction of $16,092,990.00. Following the completion of the transaction, the chief executive officer now directly owns 656,563 shares of the company's stock, valued at approximately $72,024,961.10. The disclosure for this sale can be found here. Insiders have sold 297,700 shares of company stock worth $32,327,782 in the last three months. Corporate insiders own 0.74% of the company's stock.

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PSX Stock News Headlines

Phillips 66 (NYSE:PSX) Upgraded to Strong-Buy at StockNews.com
3 Energy Stocks Riding the Benefits of Strong Pricing
Phillips 66 Q2 Profit Increases, beats estimates
Phillips 66: Buy The Dip Prior To Q2 Report
Phillips 66: This 4.8% Refinery Yield Is A Bargain
Phillips 66 (NYSE:PSX) PT Raised to $105.00
See More Headlines
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PSX Company Calendar

Ex-Dividend for 6/1 Dividend
5/20/2022
Dividend Payable
6/01/2022
Last Earnings
7/29/2022
Today
8/07/2022
Ex-Dividend for 9/1 Dividend
8/17/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Refining & Marketing
CUSIP
71854610
Employees
7,110
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$108.29
High Stock Price Forecast
$132.00
Low Stock Price Forecast
$78.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
4.64%

Debt

Sales & Book Value

Annual Sales
$114.85 billion
Cash Flow
$9.48 per share
Book Value
$51.08 per share

Miscellaneous

Free Float
477,491,000
Market Cap
$40.29 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mr. Greg C. Garland (Age 65)
    Exec. Chairman
    Comp: $6.49M
  • Mr. Mark E. Lashier (Age 60)
    Pres, CEO & Director
    Comp: $2.74M
  • Mr. Kevin J. Mitchell (Age 56)
    Exec. VP of Fin. & CFO
    Comp: $2.52M
  • Mr. Timothy D. Roberts (Age 60)
    Exec. VP of Midstream
    Comp: $2.31M
  • Ms. Zhanna Golodryga (Age 66)
    Sr. VP and Chief Digital & Admin. Officer
  • Mr. Jeffrey Alan Dietert
    VP of Investor Relations
  • Ms. Vanessa L. Allen Sutherland (Age 50)
    Exec. VP of Legal & Gov. Affairs, Gen. Counsel and Corp. Sec.
  • Ms. Sonya M. Reed (Age 48)
    Sr. VP of HR & Corp. Communications
  • Ms. Pam McGinnis
    Pres of Global Marketing Group
  • Mr. Brian M. Mandell (Age 58)
    Exec. VP of Marketing & Commercial













PSX Stock - Frequently Asked Questions

Should I buy or sell Phillips 66 stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Phillips 66 stock.
View analyst ratings for Phillips 66
or view top-rated stocks.

What is Phillips 66's stock price forecast for 2022?

13 brokers have issued 12-month target prices for Phillips 66's stock. Their PSX stock forecasts range from $78.00 to $132.00. On average, they expect Phillips 66's share price to reach $108.29 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
View analysts' price targets for Phillips 66
or view top-rated stocks among Wall Street analysts.

How has Phillips 66's stock price performed in 2022?

Phillips 66's stock was trading at $72.46 at the start of the year. Since then, PSX shares have increased by 15.6% and is now trading at $83.76.
View the best growth stocks for 2022 here
.

When is Phillips 66's next earnings date?

Phillips 66 is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our earnings forecast for Phillips 66
.

How were Phillips 66's earnings last quarter?

Phillips 66 (NYSE:PSX) announced its earnings results on Friday, July, 29th. The oil and gas company reported $6.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.59% and a trailing twelve-month return on equity of 29.60%. The business's revenue was up 76.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS.
Read Phillips 66's conference call transcript
.

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

Phillips 66 declared a quarterly dividend on Tuesday, July 12th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.97 per share on Thursday, September 1st. This represents a $3.88 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, August 17th.
View Phillips 66's dividend history
.

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 4.63%. PSX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Phillips 66 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 of Phillips 66 is 33.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Phillips 66 will have a dividend payout ratio of 35.34% next year. This indicates that Phillips 66 will be able to sustain or increase its dividend.
View Phillips 66's dividend history.

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 a number of institutional and retail investors. Top institutional shareholders include abrdn plc (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Envestnet Asset Management Inc. (0.21%), Russell Investments Group Ltd. (0.19%), Fort Washington Investment Advisors Inc. OH (0.15%) and Chickasaw Capital Management LLC (0.14%). Company insiders that own Phillips 66 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, Robert A Herman and Timothy D Roberts.
View institutional ownership trends for Phillips 66
.

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 $83.76.

How much money does Phillips 66 make?

Phillips 66 (NYSE:PSX) has a market capitalization of $40.29 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.

How many employees does Phillips 66 have?

Phillips 66 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

When was Phillips 66 founded?

Phillips 66 was founded in 1875.

How can I contact Phillips 66?

Phillips 66's mailing address is 2331 CITYWEST BOULEVARD, HOUSTON TX, 77042. The official website for Phillips 66 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 8/7/2022 by MarketBeat.com Staff

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