Phillips 66 (NYSE:PSX) Earns Neutral Rating from Mizuho

Posted by George Bondi on Oct 8th, 2026

Phillips 66 (NYSE:PSX – Get Free Report)‘s stock had its “neutral” rating restated by research analysts at Mizuho in a research note issued on Thursday, MarketBeat reports. They presently have a $300.00 price target on the oil and gas company’s stock, up from their prior price target of $220.00. Mizuho’s price target indicates a potential upside of 10.58% from the company’s current price.

Several other analysts have also weighed in on the company. Citigroup restated a “neutral” rating on shares of Phillips 66 in a report on Thursday, August 6th. BMO Capital Markets boosted their price target on shares of Phillips 66 from $260.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Jefferies Financial Group upped their price target on shares of Phillips 66 from $191.00 to $207.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Raymond James Financial lifted their price objective on shares of Phillips 66 from $240.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company boosted their target price on shares of Phillips 66 from $239.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.00.

Read Our Latest Stock Analysis on Phillips 66

Phillips 66 Price Performance

NYSE PSX opened at $271.29 on Thursday. Phillips 66 has a 12 month low of $126.74 and a 12 month high of $277.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. The firm has a market capitalization of $108.25 billion, a PE ratio of 15.46 and a beta of 0.71. The company’s 50 day simple moving average is $245.38 and its 200 day simple moving average is $202.00.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, topping the consensus estimate of $7.50 by $1.91. The firm had revenue of $51 billion for the quarter, compared to analysts’ expectations of $43.60 billion. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.During the same quarter in the previous year, the company earned $2.38 earnings per share. As a group, equities research analysts forecast that Phillips 66 will post 29.01 EPS for the current fiscal year.

Phillips 66 declared that its Board of Directors has approved a stock repurchase program on Friday, July 31st that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the oil and gas company to purchase up to 11.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Phillips 66

In other news, EVP Vanessa Sutherland sold 3,523 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $211.05, for a total transaction of $743,529.15. Following the sale, the executive vice president owned 27,537 shares in the company, valued at $5,811,683.85. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Brian Mandell sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the completion of the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $13,242,925. This trade represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 112,886 shares of company stock valued at $25,878,894 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in Phillips 66 in the 2nd quarter valued at $384,000. BlackRock Inc. bought a new stake in shares of Phillips 66 during the second quarter worth $5,766,779,000. Fifth Third Bancorp lifted its stake in shares of Phillips 66 by 543.7% during the first quarter. Fifth Third Bancorp now owns 128,156 shares of the oil and gas company’s stock valued at $23,348,000 after acquiring an additional 108,248 shares during the period. Stack Financial Management Inc acquired a new position in shares of Phillips 66 during the second quarter valued at $36,317,000. Finally, West Family Investments Inc. bought a new position in Phillips 66 in the second quarter valued at about $724,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Company Profile

(Get Free Report)

Phillips 66 is an energy manufacturing and logistics company engaged in the processing, transportation, storage and marketing of energy products. Its operations include refining crude oil into gasoline, diesel, jet fuel, lubricants and other refined products, as well as distributing and marketing fuels under the Phillips 66, 76 and JET brands.

The company also operates midstream infrastructure, including pipelines, terminals, processing facilities and storage assets that support the movement of crude oil, natural gas liquids and refined products.