Phillips 66 (NYSE:PSX) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Phillips 66 (NYSE:PSX) had its price objective boosted by equities researchers at Raymond James Financial from $175.00 to $205.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s target price points to a potential upside of 11.35% from the company’s previous close.

A number of other brokerages have also weighed in on PSX. Mizuho increased their price target on Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company upped their target price on Phillips 66 from $162.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group increased their target price on Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. BMO Capital Markets reissued an “outperform” rating and issued a $170.00 price target on shares of Phillips 66 in a research note on Friday, February 6th. Finally, Wolfe Research lifted their price target on Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $184.10 on Wednesday. The company has a 50-day simple moving average of $158.24 and a 200-day simple moving average of $142.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. The company has a market cap of $73.78 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $187.57.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data 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 business had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $168.22, for a total value of $2,835,516.32. Following the transaction, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,380,590.72. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the sale, the executive vice president directly owned 25,799 shares of the company’s stock, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 84,688 shares of company stock worth $14,066,145. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Phillips 66 by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock valued at $6,701,052,000 after buying an additional 205,480 shares in the last quarter. State Street Corp raised its stake in shares of Phillips 66 by 0.8% in the 4th quarter. State Street Corp now owns 23,589,550 shares of the oil and gas company’s stock valued at $3,043,996,000 after acquiring an additional 175,616 shares during the period. Elliott Investment Management L.P. lifted its holdings in shares of Phillips 66 by 22.4% during 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 acquiring an additional 3,526,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Phillips 66 by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company’s stock valued at $1,338,596,000 after acquiring an additional 45,340 shares in the last quarter. Finally, Norges Bank purchased a new stake in Phillips 66 during the 4th quarter worth $640,206,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

More Phillips 66 News

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

• Positive Sentiment: Raymond James raised its price target to $205 and kept an outperform rating, citing nearly doubled refining margins that materially improve PSX’s earnings outlook; that upgrade is a direct catalyst for investor buying. Raymond James Sets $205 Target on PSX
• Positive Sentiment: Phillips 66 and Kinder Morgan extended the second open season for the Western Gateway pipeline, which helps secure long-term transport commitments into the Los Angeles market and reduces logistics risk for refined-product flows. Business Wire: Open Season Extension
• Positive Sentiment: Zacks flagged PSX as a strong momentum stock, reflecting positive style-score signals that can attract quant and momentum buyers and reinforce the recent run. Zacks: Strong Momentum Stock
• Positive Sentiment: Zacks also highlights PSX as a strong growth stock based on its style scores, reinforcing the buy-side narrative that the company is delivering improving fundamentals. Zacks: Strong Growth Stock
• Positive Sentiment: Coverage noting PSX set a new 52‑week high is reinforcing momentum traders and headline-driven flows into the stock. AmericanBankingNews: Sets New 52-Week High
• Neutral Sentiment: Some commentary is examining valuation after the recent rally — higher multiples raise the risk that further upside depends on sustained margins and execution rather than multiple expansion alone. Yahoo Finance: Valuation After Momentum
• Neutral Sentiment: Investor reaction pieces synthesize the pipeline extension and margin backdrop; these help explain the stock’s move but note outcomes still depend on finalized shipper commitments and sustained refining spreads. Yahoo Finance: How Investors Are Reacting

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.