Analysts’ Weekly Ratings Changes for Phillips 66 (PSX)

Posted by on Nov 4th, 2026

Phillips 66 (NYSE: PSX) has recently received a number of price target changes and ratings updates:

  • 11/4/2026 – Phillips 66 had its price target raised by Citigroup from $297.00 to $302.00. They now have a “neutral” rating on the stock.
  • 11/2/2026 – Phillips 66 had its price target raised by Morgan Stanley from $284.00 to $290.00. They now have an “overweight” rating on the stock.
  • 10/30/2026 – Phillips 66 was upgraded by Freedom Broker from “sell” to “hold”. They now have a $258.00 price target on the stock, up from $173.00.
  • 10/29/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $345.00 to $346.00. They now have an “overweight” rating on the stock.
  • 10/29/2026 – Phillips 66 had its price target raised by Piper Sandler from $264.00 to $268.00. They now have a “neutral” rating on the stock.
  • 10/22/2026 – Phillips 66 had its price target raised by TD Cowen from $295.00 to $308.00. They now have a “buy” rating on the stock.
  • 10/19/2026 – Phillips 66 had its “outperform” rating reaffirmed by Raymond James Financial. They now have a $335.00 price target on the stock.
  • 10/14/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $335.00 to $345.00. They now have an “overweight” rating on the stock.
  • 10/13/2026 – Phillips 66 had its price target raised by Citigroup from $217.00 to $297.00. They now have a “neutral” rating on the stock.
  • 10/12/2026 – Phillips 66 had its price target raised by Barclays from $216.00 to $282.00. They now have an “equal weight” rating on the stock.
  • 10/11/2026 – Phillips 66 had its “hold” rating reaffirmed by Jefferies Financial Group. They now have a $276.00 price target on the stock.
  • 10/8/2026 – Phillips 66 was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
  • 10/8/2026 – Phillips 66 was downgraded by Mizuho from “outperform” to “neutral”. They now have a $300.00 price target on the stock, up from $220.00.
  • 9/30/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group from $245.00 to $274.00. They now have a “neutral” rating on the stock.
  • 9/30/2026 – Phillips 66 had its price target raised by TD Cowen from $255.00 to $295.00. They now have a “buy” rating on the stock.
  • 9/17/2026 – Phillips 66 had its price target raised by BMO Capital Markets from $260.00 to $310.00. They now have an “outperform” rating on the stock.
  • 9/14/2026 – Phillips 66 had its price target raised by Raymond James Financial from $240.00 to $300.00. They now have an “outperform” rating on the stock.
  • 9/14/2026 – Phillips 66 had its price target raised by Morgan Stanley from $196.00 to $284.00. They now have an “overweight” rating on the stock.
  • 9/8/2026 – Phillips 66 had its price target raised by UBS Group from $235.00 to $300.00. They now have a “buy” rating on the stock.
  • 9/7/2026 – Phillips 66 was upgraded by Zacks Research from “hold” to “strong-buy”.

Phillips 66 Trading Down 4.6%

NYSE PSX traded down $12.55 during trading hours on Wednesday, hitting $259.38. 5,473,716 shares of the company’s stock were exchanged, compared to its average volume of 2,599,632. The firm has a market cap of $101.18 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.15 and a beta of 0.69. The stock has a 50-day simple moving average of $267.86 and a 200 day simple moving average of $200.44. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49. Phillips 66 has a 1-year low of $127.16 and a 1-year high of $299.39.

Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The oil and gas company reported $14.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.73 by $2.35. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $44.91 billion. Phillips 66 had a return on equity of 33.12% and a net margin of 7.27%. During the same period in the previous year, the firm earned $2.52 earnings per share. On average, equities analysts forecast that Phillips 66 will post 33.63 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a $1.33 dividend. This represents a $5.32 annualized dividend and a yield of 2.1%. This is a boost from Phillips 66’s previous quarterly dividend of $1.27. The ex-dividend date is Tuesday, November 17th. Phillips 66’s dividend payout ratio (DPR) is presently 16.22%.

Insiders Place Their Bets

In related news, EVP Richard G. Harbison sold 52,100 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total transaction of $11,657,896.00. Following the transaction, the executive vice president owned 39,094 shares in the company, valued at $8,747,673.44. The trade was a 57.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Mandell sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 61,595 shares in the company, valued at $13,242,925. This represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 108,800 shares of company stock worth $25,016,566. 0.40% of the stock is owned by insiders.

Phillips 66 (NYSE: PSX) is an energy manufacturing and logistics company headquartered in Houston, Texas. The company was established in 2012 following the separation of ConocoPhillips’ downstream and midstream businesses.

Phillips 66 operates across midstream, chemicals, refining and marketing. Its midstream activities include gathering, processing, transporting and storing crude oil, natural gas and natural gas liquids. Through its refining operations, the company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, lubricants and other refined petroleum products.

The company markets fuel and related products under the Phillips 66, 76 and Conoco brands, serving retail, commercial, aviation and industrial customers.

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