Phillips 66 Stock Forecast, Price & News

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, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Phillips 66 stock.
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13 equities research analysts have issued 12-month price targets 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 $105.92 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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Phillips 66's stock was trading at $72.46 at the start of the year. Since then, PSX shares have increased by 16.2% and is now trading at $84.20.
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Phillips 66 is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
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Phillips 66 will be holding an earnings conference call on Friday, July 29th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) released its quarterly earnings data on Friday, April, 29th. The oil and gas company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. The oil and gas company earned $36.72 billion during the quarter, compared to analyst estimates of $34.86 billion. Phillips 66 had a net margin of 1.97% and a trailing twelve-month return on equity of 17.07%. During the same quarter in the previous year, the business posted ($1.16) earnings per share.
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Phillips 66 declared a quarterly dividend on Thursday, May 12th. Shareholders of record on Monday, May 23rd will be paid a dividend of $0.97 per share on Wednesday, June 1st. This represents a $3.88 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Friday, May 20th. This is a positive change from Phillips 66's previous quarterly dividend of $0.92.
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Phillips 66(NYSE:PSX) pays an annual dividend of $3.88 per share and currently has a dividend yield of 4.60%. 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 67.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Phillips 66 will have a dividend payout ratio of 40.12% next year. This indicates that Phillips 66 will be able to sustain or increase its dividend.
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Some companies that are related to Phillips 66 include Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), CVR Energy (CVI), Renewable Energy Group (REGI), Delek US (DK), Green Plains (GPRE), World Fuel Services (INT), Clean Energy Fuels (CLNE), Amyris (AMRS), Gevo (GEVO), REX American Resources (REX) and Adams Resources & Energy (AE).
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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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.55%), BlackRock Inc. (7.28%), State Street Corp (6.61%), Wellington Management Group LLP (1.49%), Bank of America Corp DE (1.37%) and Bank of New York Mellon Corp (1.04%). 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.

PSX stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, SIR Capital Management L.P., Bahl & Gaynor Inc., Deroy & Devereaux Private Investment Counsel Inc., Qube Research & Technologies Ltd, Mackenzie Financial Corp, Cibc World Markets Corp, and BNP Paribas Arbitrage SA. Company insiders that have sold Phillips 66 company stock in the last two years include Greg C Garland, Joseph Scott Pruitt, Paula Ann Johnson, Robert A Herman, and Timothy D Roberts.
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PSX stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, Vanguard Group Inc., State Street Corp, First Reserve GP XIII Ltd, Pacer Advisors Inc., Renaissance Technologies LLC, and Chickasaw Capital Management LLC.
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Shares of PSX 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 $84.20.

Phillips 66 (NYSE:PSX) has a market capitalization of $40.51 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 $5.739990 on an earnings per share basis.

Phillips 66 employs 7,110 workers across the globe.

Phillips 66 was founded in 1875.

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 [email protected], or via fax at 302-636-5454.