Phillips 66 (PSX) Stock Price, News & Analysis

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSX shares.
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15 brokerages have issued 12 month target prices for Phillips 66's stock. Their PSX share price targets range from $125.00 to $191.00. On average, they expect the company's stock price to reach $156.86 in the next year. This suggests that the stock has a possible downside of 2.5%.
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Phillips 66's stock was trading at $133.14 on January 1st, 2024. Since then, PSX shares have increased by 20.8% and is now trading at $160.82.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
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Phillips 66 will be holding an earnings conference call on Friday, April 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 (NYSE:PSX) issued its quarterly earnings data on Wednesday, January, 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.72. The oil and gas company had revenue of $38.74 billion for the quarter, compared to the consensus estimate of $34.30 billion. Phillips 66 had a net margin of 4.68% and a trailing twelve-month return on equity of 22.10%.

Phillips 66 declared a quarterly dividend on Wednesday, April 3rd. Shareholders of record on Monday, May 20th will be given a dividend of $1.15 per share on Monday, June 3rd. This represents a $4.60 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for PSX.

Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.58%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 30.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSX.

ETFs with the largest weight of Phillips 66 (NYSE:PSX) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), VanEck Oil Refiners ETF (CRAK), Morgan Dempsey Large Cap Value ETF (MDLV), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), Energy Select Sector SPDR Fund (XLE), iShares U.S. Energy ETF (IYE) and First Trust Nasdaq Oil & Gas ETF (FTXN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Chevron (CVX), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), ConocoPhillips (COP) and CVS Health (CVS).

Phillips 66's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Miller Howard Investments Inc. NY (0.07%), Chickasaw Capital Management LLC (0.03%), F&V Capital Management LLC (0.03%), Annex Advisory Services LLC (0.03%), Eldred Rock Partners LLC (0.02%) and Alaska Permanent Fund Corp (0.02%). Insiders that own company stock include Brian Mandell, Greg C Garland, Gregory Hayes, Joseph Scott Pruitt, Kevin J Mitchell, Paula Ann Johnson, Richard G Harbison, Robert A Herman, Robert W Pease, Timothy D Roberts, Vanessa Allen Sutherland and Zhanna Golodryga.
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Shares of PSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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