NYSE:PSX

Phillips 66 (PSX) Stock Forecast, Price & News

$93.58

-1.33 (-1.40%)

(As of 05/30/2023 ET)

Compare

Today's Range: $92.18
▼
$93.79
50-Day Range: $91.89
▼
$106.46
52-Week Range: $74.02
▼
$113.53

Volume: 2.94 million shs
Average Volume: 3.33 million shs
Market Capitalization: $42.94 billion

P/E Ratio: 3.62
Dividend Yield: 4.49%
Price Target: $120.87

Phillips 66 MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.64 Rating Score
Upside/Downside: 29.2% Upside
$120.87 Price Target
Short Interest: Healthy
2.09% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.56
Upright™ Environmental Score
News Sentiment: 0.49
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -22.28%
From $14.36 to $11.16 Per Share

Overall MarketRank^™

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

2.59 out of 5 stars

Oils/Energy Sector

88th out of 249 stocks

Petroleum Refining Industry

9th out of 17 stocks

3.3

Analyst's Opinion

Consensus Rating
Phillips 66 has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 9 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $120.87, Phillips 66 has a forecasted upside of 29.2% from its current price of $93.58.
Amount of Analyst Coverage
Phillips 66 has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.09% 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 2.6, 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 4.09%, 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 4.43%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 is 16.24%. 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 37.63% 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.

1.9

News and Social Media Coverage

News Sentiment
Phillips 66 has a news sentiment score of 0.49. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Phillips 66 this week, compared to 8 articles on an average week.
Search Interest
44 people have searched for PSX on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
MarketBeat Follows
Only 21 people have added Phillips 66 to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips 66 insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.57% 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 -22.28% in the coming year, from $14.36 to $11.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 is 3.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 is 3.62, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.14.
Price to Earnings Growth Ratio
Phillips 66 has a PEG Ratio of 0.35. 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 1.23. 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

May 30, 2023 | msn.com

Phillips 66: Harvesting Juicy Energy Dividends

May 30, 2023 | finance.yahoo.com

Put These 3 Oil Refining & Marketing Stocks on the Watchlist

May 31, 2023 | Edge On The Street (Ad)

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May 28, 2023 | finance.yahoo.com

Phillips 66's (NYSE:PSX) investors will be pleased with their favorable 39% return over the last three years

May 26, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Rating Lowered to Hold at StockNews.com

May 25, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Receives $120.87 Average PT from Brokerages

May 23, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Price Target Lowered to $106.00 at Mizuho

May 21, 2023 | americanbankingnews.com

Piper Sandler Cuts Phillips 66 (NYSE:PSX) Price Target to $127.00

May 31, 2023 | Edge On The Street (Ad)

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May 19, 2023 | msn.com

Mizuho Maintains Phillips 66 (PSX) Neutral Recommendation

May 18, 2023 | msn.com

Piper Sandler Maintains Phillips 66 (PSX) Overweight Recommendation

May 17, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Upgraded by StockNews.com to "Buy"

May 14, 2023 | finance.yahoo.com

Phillips 66 (NYSE:PSX) Looks Interesting, And It's About To Pay A Dividend

May 13, 2023 | americanbankingnews.com

The Goldman Sachs Group Trims Phillips 66 (NYSE:PSX) Target Price to $119.00

May 12, 2023 | msn.com

Phillips 66 (PSX) Declares $1.05 Dividend

May 11, 2023 | finance.yahoo.com

PBF Energy (PBF) Tops on Q1 Earnings, Reiterates Refining Capex

May 11, 2023 | finance.yahoo.com

Sunoco (SUN) Stock Dips 2.6% Despite Reporting Q1 Earnings Beat

May 10, 2023 | msn.com

Phillips 66 declares $1.05 dividend

May 10, 2023 | marketwatch.com

Phillips 66 stock rises Wednesday, still underperforms market

May 9, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Downgraded to "Hold" at StockNews.com

May 8, 2023 | marketwatch.com

Phillips 66 stock rises Monday, outperforms market

May 8, 2023 | finance.yahoo.com

Murphy (MUSA) Q1 Earnings Beat Despite Lower Gasoline Prices

May 8, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Price Target Lowered to $110.00 at TD Cowen

May 6, 2023 | finance.yahoo.com

Phillips 66 Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 6, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Posts Quarterly Earnings Results, Beats Estimates By $0.63 EPS

May 5, 2023 | marketwatch.com

Phillips 66 stock rises Friday, still underperforms market

May 5, 2023 | markets.businessinsider.com

Mizuho Securities Reaffirms Their Hold Rating on Phillips 66 (PSX)

See More Headlines

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PSX Company Calendar

Last Earnings: 5/03/2023
Ex-Dividend for 6/1 Dividend: 5/19/2023
Today: 5/31/2023
Dividend Payable: 6/01/2023
Next Earnings (Estimated): 8/04/2023
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: 13,000
Year Founded: 1875

Price Target and Rating

Average Stock Price Forecast: $120.87
High Stock Price Forecast: $139.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: +29.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.64
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $25.86
Trailing P/E Ratio: 3.62
Forward P/E Ratio: 6.52
P/E Growth: 0.35
Net Income: $11.02 billion
Net Margins: 7.13%
Pretax Margin: 9.46%
Return on Equity: 32.37%
Return on Assets: 13.98%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 1.54
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $175.70 billion
Price / Sales: 0.24
Cash Flow: $22.02 per share
Price / Cash Flow: 4.25
Book Value: $76.09 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 458,860,000
Free Float: 437,892,000
Market Cap: $42.94 billion
Optionable: Optionable
Beta: 1.38

Social Links

Key Executives

Mark E. Lashier
President, Chief Executive Officer & Director

Kevin J. Mitchell
Chief Financial Officer & Executive Vice President

Scott J. Pruitt
Controller & Vice President

Heather Crowder
Vice President & General Tax Officer

Tandra C. Jackson
SVP-Chief Digital & Administrative Officer

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?: 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.
View PSX analyst ratings or view top-rated stocks.
What is Phillips 66's stock price forecast for 2023?: 14 brokers have issued twelve-month price targets for Phillips 66's shares. Their PSX share price forecasts range from $105.00 to $139.00. On average, they predict the company's share price to reach $120.87 in the next year. This suggests a possible upside of 29.2% 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 on January 1st, 2023. Since then, PSX shares have decreased by 10.1% and is now trading at $93.58.
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, August 4th 2023.
View our PSX earnings forecast.
How were Phillips 66's earnings last quarter?: Phillips 66 (NYSE:PSX) announced its quarterly earnings data on Wednesday, May, 3rd. The oil and gas company reported $4.21 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.63. The oil and gas company earned $35.09 billion during the quarter, compared to the consensus estimate of $29.76 billion. Phillips 66 had a trailing twelve-month return on equity of 32.37% and a net margin of 7.13%. During the same quarter in the previous year, the company earned $1.32 EPS.
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 Wednesday, May 10th. Stockholders of record on Monday, May 22nd will be paid a dividend of $1.05 per share on Thursday, June 1st. This represents a $4.20 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, May 19th.
Read our dividend analysis for PSX.
What ETFs hold Phillips 66's stock?: ETFs with the largest weight of Phillips 66 (NYSE:PSX) stock in their portfolio include VanEck Oil Refiners ETF (CRAK), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco Dynamic Energy Exploration & Production ETF (PXE), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Timothy Plan Market Neutral ETF (TPMN), Invesco S&P 500 Equal Weight Energy ETF (RYE), WBI BullBear Yield 3000 ETF (WBIG) and First Trust Nasdaq Oil & Gas ETF (FTXN).
Is Phillips 66 a good dividend stock?: Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 4.43%. 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 16.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 37.63% 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.16%), State Street Corp (7.05%), Geode Capital Management LLC (2.12%), Wellington Management Group LLP (1.88%), FMR LLC (1.76%) and Aristotle Capital Management LLC (1.73%). Insiders that own company stock include 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 $93.58.
How much money does Phillips 66 make?: Phillips 66 (NYSE:PSX) has a market capitalization of $42.94 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 $25.86 on an earnings per share basis.
How many employees does Phillips 66 have?: The company employs 13,000 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., Central Retail Holdings LLC, Douglas Oil Company of California, Gray Oak Holdings LLC, JET Energy Trading GmbH, JET Petrol Limited, JET Petroleum Limited, JET Retail UK Limited, JET Tankstellen Austria GmbH, JET Tankstellen Deutschland GmbH, KHQ LLC, Kansas City Retail and Convenience LLC, Kayo Oil Company, Linden Urban Renewal Limited Partnership, Merey Sweeny LLC, OK CNG 5 LLC, Phillips 66 Alliance Dock LLC, Phillips 66 Alliance H2PL LLC, 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 DAPL Holdings LLC, Phillips 66 ETCO Holdings LLC, Phillips 66 European Power Limited, Phillips 66 Export Terminal LLC, Phillips 66 GmbH, Phillips 66 Gulf Coast Pipeline LLC, Phillips 66 Gulf Coast Properties LLC, Phillips 66 International Holdings Company, 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 Project Development Inc., Phillips 66 Sand Hills LLC, Phillips 66 Southern Hills LLC, Phillips 66 Spectrum Corporation, Phillips 66 Stillwater Retail Corporation, Phillips 66 Stillwater Retail One LLC, Phillips 66 Stillwater Retail Two LLC, Phillips 66 Sweeny Crude Export LLC, Phillips 66 Sweeny Frac 2 LLC, Phillips 66 Sweeny Frac LLC, Phillips 66 Sweeny-Freeport 2 Pipeline LLC, Phillips 66 Sweeny-Freeport LLC, Phillips 66 TS 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 Utility Gas Corporation, Phoenix Sub LLC, Pioneer Investments Corp., Pioneer Pipe Line Company, Qingdao Phillips 66 Energy Co. Ltd., Radius Insurance Company, SHC Insurance Company, Salt Lake Terminal Company, Sentinel Transportation LLC, Spectrum Corporation, Spirit Insurance Company, Sweeny Cogeneration LLC, Tosco Corporation, WesTTex 66 Pipeline LLC, West Retail Holdings LLC, and eFUEL LLC.
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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 5/31/2023 by MarketBeat.com Staff

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