Phillips 66 - PSX Stock Forecast, Price & News

13 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 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSX shares.
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13 equities research analysts have issued 12-month price targets for Phillips 66's shares. Their PSX share price forecasts range from $89.00 to $137.00. On average, they anticipate the company's share price to reach $118.93 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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Phillips 66's stock was trading at $104.08 at the beginning of 2023. Since then, PSX shares have increased by 2.2% and is now trading at $106.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023.
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Phillips 66 will be holding an earnings conference call on Tuesday, January 31st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) posted its quarterly earnings data on Tuesday, November, 1st. The oil and gas company reported $6.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $1.48. The oil and gas company earned $48.76 billion during the quarter, compared to analysts' expectations of $40.68 billion. Phillips 66 had a trailing twelve-month return on equity of 32.66% and a net margin of 6.18%. During the same quarter in the prior year, the business posted $3.18 earnings per share.
Read the conference call transcript.

Phillips 66 declared a quarterly dividend on Friday, October 7th. Investors 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 yield of 3.65%. 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 3.57%. 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 26.06% 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 variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.32%), Fort Washington Investment Advisors Inc. OH (0.13%), Chickasaw Capital Management LLC (0.11%), New York State Teachers Retirement System (0.11%), RNC Capital Management LLC (0.11%) and Stonegate Investment Group LLC (0.10%). 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 $106.42.

Phillips 66 (NYSE:PSX) has a market capitalization of $50.30 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.