Zacks Research Equities Analysts Lift Earnings Estimates for Phillips 66 (NYSE:PSX)

Phillips 66 (NYSE:PSX) – Analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for Phillips 66 in a report issued on Tuesday, September 17th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $2.33 for the quarter, up from their previous forecast of $2.32. The consensus estimate for Phillips 66’s current full-year earnings is $9.10 per share. Zacks Research also issued estimates for Phillips 66’s Q2 2026 earnings at $3.65 EPS.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.33. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. Phillips 66’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.87 EPS.

PSX has been the topic of a number of other research reports. Scotiabank cut their target price on Phillips 66 from $156.00 to $145.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. cut their price objective on Phillips 66 from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Mizuho lowered their target price on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, September 16th. TD Cowen cut their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Piper Sandler lowered their price objective on shares of Phillips 66 from $151.00 to $136.00 and set an “overweight” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.21.

Phillips 66 Price Performance

Phillips 66 stock opened at $129.97 on Friday. The company’s 50 day simple moving average is $135.20 and its 200-day simple moving average is $143.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. Phillips 66 has a 1 year low of $107.85 and a 1 year high of $174.08. The company has a market capitalization of $55.10 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 4.67 and a beta of 1.33.

Institutional Trading of Phillips 66

Institutional investors and hedge funds have recently made changes to their positions in the company. Gryphon Financial Partners LLC boosted its holdings in shares of Phillips 66 by 11.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,166 shares of the oil and gas company’s stock valued at $546,000 after acquiring an additional 426 shares during the period. TrinityPoint Wealth LLC grew its position in Phillips 66 by 14.9% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,170 shares of the oil and gas company’s stock worth $688,000 after purchasing an additional 672 shares during the last quarter. Clearbridge Investments LLC grew its position in Phillips 66 by 55.1% during the 4th quarter. Clearbridge Investments LLC now owns 33,625 shares of the oil and gas company’s stock worth $4,477,000 after purchasing an additional 11,945 shares during the last quarter. Assetmark Inc. increased its stake in Phillips 66 by 792.6% in the fourth quarter. Assetmark Inc. now owns 1,455 shares of the oil and gas company’s stock valued at $194,000 after purchasing an additional 1,292 shares during the period. Finally, Dai ichi Life Insurance Company Ltd raised its holdings in shares of Phillips 66 by 201.2% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 35,930 shares of the oil and gas company’s stock valued at $4,784,000 after buying an additional 24,000 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the transaction, the chief financial officer now owns 81,937 shares in the company, valued at approximately $11,390,062.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Tuesday, August 20th. Phillips 66’s dividend payout ratio (DPR) is 35.38%.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.