Q2 EPS Estimates for Phillips 66 Cut by Zacks Research

Phillips 66 (NYSE:PSX) – Investment analysts at Zacks Research decreased their Q2 2025 earnings estimates for Phillips 66 in a report issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $3.02 per share for the quarter, down from their previous estimate of $3.33. The consensus estimate for Phillips 66’s current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Phillips 66’s Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $9.77 EPS and Q3 2026 earnings at $3.14 EPS.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the business posted $4.63 earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley lowered their target price on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Mizuho decreased their price objective on shares of 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 decreased their target price on Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Bank of America began coverage on Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.69.

Phillips 66 Price Performance

NYSE:PSX opened at $130.93 on Wednesday. The firm has a market capitalization of $54.07 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 4.29 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The business has a 50 day simple moving average of $129.90 and a 200-day simple moving average of $135.55. Phillips 66 has a 1 year low of $114.94 and a 1 year high of $174.08.

Hedge Funds Weigh In On Phillips 66

Several large investors have recently bought and sold shares of PSX. Crewe Advisors LLC purchased a new position in shares of Phillips 66 in the 1st quarter valued at about $25,000. Strategic Financial Concepts LLC acquired a new position in Phillips 66 in the second quarter valued at approximately $26,000. nVerses Capital LLC purchased a new position in Phillips 66 in the third quarter valued at approximately $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 during the third quarter worth approximately $30,000. Finally, Bank & Trust Co acquired a new position in shares of Phillips 66 in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.51%. Phillips 66’s dividend payout ratio (DPR) is currently 59.05%.

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.