Zacks Research Has Positive View of Phillips 66 Q3 Earnings

Phillips 66 (NYSE:PSX) – Analysts at Zacks Research raised their Q3 2025 earnings estimates for shares of Phillips 66 in a report issued on Wednesday, July 9th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $1.98 for the quarter, up from their previous estimate of $1.96. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Phillips 66’s FY2025 earnings at $4.02 EPS, Q1 2026 earnings at $1.51 EPS and FY2027 earnings at $11.66 EPS.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to analysts’ expectations of $31.93 billion. Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. During the same period last year, the company earned $1.90 earnings per share.

Other equities analysts have also issued research reports about the stock. Compass Point began coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. set a $115.00 price target on Phillips 66 in a report on Wednesday, June 18th. Piper Sandler increased their price target on Phillips 66 from $131.00 to $148.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Finally, The Goldman Sachs Group downgraded Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target on the stock. in a report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $135.07.

Phillips 66 Price Performance

NYSE PSX opened at $131.66 on Friday. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a 50 day simple moving average of $119.47 and a 200-day simple moving average of $117.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12.

Hedge Funds Weigh In On Phillips 66

Several institutional investors have recently modified their holdings of the stock. Vanguard Capital Wealth Advisors grew its position in shares of Phillips 66 by 127.7% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 5,045 shares of the oil and gas company’s stock worth $602,000 after buying an additional 2,829 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in shares of Phillips 66 by 5.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 20,377 shares of the oil and gas company’s stock worth $2,431,000 after buying an additional 985 shares during the period. Farther Finance Advisors LLC grew its position in shares of Phillips 66 by 7.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,546 shares of the oil and gas company’s stock worth $1,735,000 after buying an additional 988 shares during the period. Pinnacle Bancorp Inc. grew its position in shares of Phillips 66 by 6.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 150 shares during the period. Finally, AA Financial Advisors LLC grew its position in shares of Phillips 66 by 29.4% in the 2nd quarter. AA Financial Advisors LLC now owns 6,932 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 1,576 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total value of $571,090.00. Following the transaction, the executive vice president directly owned 43,373 shares in the company, valued at $5,638,490. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Pease acquired 439 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the acquisition, the director directly owned 4,091 shares of the company’s stock, valued at $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.65%. Phillips 66’s payout ratio is 109.34%.

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.