Wells Fargo & Company Raises Phillips 66 (NYSE:PSX) Price Target to $163.00

Phillips 66 (NYSE:PSX) had its price target boosted by investment analysts at Wells Fargo & Company from $162.00 to $163.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 6.42% from the company’s current price.

Several other research analysts have also issued reports on PSX. Piper Sandler raised their target price on Phillips 66 from $153.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group raised their price objective on Phillips 66 from $137.00 to $149.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Raymond James Financial lifted their price objective on Phillips 66 from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Citigroup increased their target price on shares of Phillips 66 from $137.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Hold” and a consensus target price of $155.12.

Phillips 66 Trading Down 1.0%

NYSE:PSX traded down $1.52 during mid-day trading on Thursday, hitting $153.17. 935,030 shares of the company’s stock were exchanged, compared to its average volume of 2,577,675. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $155.99. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $61.72 billion, a P/E ratio of 41.65, a PEG ratio of 0.53 and a beta of 0.90. The company has a 50 day simple moving average of $137.68 and a 200-day simple moving average of $133.32.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.32. The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same period in the prior year, the company posted ($0.15) EPS. As a group, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Insider Transactions at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 25,500 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $140.04, for a total value of $3,571,020.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,959,593.52. This trade represents a 30.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction on Friday, January 9th. The shares were sold at an average price of $145.00, for a total transaction of $637,130.00. Following the completion of the sale, the executive vice president directly owned 30,193 shares of the company’s stock, valued at approximately $4,377,985. This trade represents a 12.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,094 shares of company stock valued at $11,955,366 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of Phillips 66

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Phillips 66 by 14.8% in the second quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after acquiring an additional 5,978,841 shares in the last quarter. Norges Bank bought a new position in shares of Phillips 66 in the 2nd quarter worth $523,755,000. Elliott Investment Management L.P. grew its position in Phillips 66 by 22.4% in the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after purchasing an additional 3,526,000 shares during the period. M&T Bank Corp grew its position in Phillips 66 by 462.9% in the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock valued at $352,007,000 after purchasing an additional 2,243,268 shares during the period. Finally, Geode Capital Management LLC increased its stake in Phillips 66 by 17.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,327,304 shares of the oil and gas company’s stock valued at $1,226,815,000 after purchasing an additional 1,532,967 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 News Summary

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported non‑GAAP EPS of $2.47 versus consensus ~$2.15, driven by higher refining utilization and stronger realized margins; management highlighted solid cash flow generation. Refiner Phillips 66 beats quarterly profit estimates as margins rebound (Reuters)
• Positive Sentiment: Refining margins and volumes improving — Coverage notes that U.S. refining margins have rebounded from 2024 lows and higher midstream volumes helped lift results, a near‑term tailwind for cash generation. Phillips 66 Beats Estimates as Refining Margins Rebound From 2024 Lows (OilPrice)
• Positive Sentiment: Access to Venezuelan crude — Management/CEO said Phillips 66 can process ~250,000 bpd of Venezuelan crude, which could expand crude supply flexibility and lower feedstock costs if volumes materialize. Refiner Phillips 66 can process 250000 bpd Venezuelan crude, CEO says (Reuters)
• Neutral Sentiment: Earnings call and materials available — Full earnings transcript, highlights and slide deck provide more detail on segment performance and capital allocation decisions for investors doing deeper analysis. Phillips 66 (PSX) Q4 2025 Earnings Call Highlights (Yahoo Finance)
• Negative Sentiment: Revenue missed estimates and thin net margin — Reported revenue (~$32.16B) trailed consensus (~$33.8B) and the company’s net margin remains low, which could temper enthusiasm about sustainability of the EPS beat. Phillips 66 earnings and materials (MarketBeat)
• Negative Sentiment: Analyst action is muted/cautious — Morgan Stanley raised its price target to $147 but kept an “equal weight” rating; the new PT implies slight downside versus current levels, a reminder some analysts remain cautious on upside. PSX: Phillips price target raised at Morgan Stanley (The Fly)

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.