Zacks Research Expects Increased Earnings for Phillips 66

Phillips 66 (NYSE:PSX) – Research analysts at Zacks Research increased their FY2025 earnings per share (EPS) estimates for Phillips 66 in a report issued on Friday, September 19th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $4.76 per share for the year, up from their prior forecast of $4.70. 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 Q2 2026 earnings at $2.15 EPS, FY2026 earnings at $9.28 EPS, Q1 2027 earnings at $2.62 EPS and Q2 2027 earnings at $3.37 EPS.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.59. The business had revenue of $33.77 billion for the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same quarter last year, the business posted $2.31 EPS.

Several other equities analysts have also commented on PSX. Jefferies Financial Group upped their price target on shares of Phillips 66 from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Mizuho upped their target price on shares of Phillips 66 from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. UBS Group lifted their price target on Phillips 66 from $141.00 to $143.00 and gave the company a “buy” rating in a report on Monday, July 28th. Scotiabank reiterated a “sector perform” rating and set a $133.00 price objective on shares of Phillips 66 in a research report on Friday, July 11th. Finally, Evercore ISI raised their target price on Phillips 66 from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.94.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $129.39 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79. The firm has a market capitalization of $52.29 billion, a PE ratio of 31.10, a P/E/G ratio of 1.86 and a beta of 1.15. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $140.60. The business’s fifty day moving average price is $127.04 and its two-hundred day moving average price is $119.76.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, August 19th. Phillips 66’s dividend payout ratio (DPR) is presently 115.38%.

Insider Activity

In other news, Director Gregory Hayes bought 8,350 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $119.90 per share, with a total value of $1,001,165.00. Following the completion of the transaction, the director directly owned 29,423 shares in the company, valued at approximately $3,527,817.70. The trade was a 39.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Heim purchased 1,000 shares of Phillips 66 stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of $125.97 per share, with a total value of $125,970.00. Following the transaction, the director owned 12,043 shares in the company, valued at $1,517,056.71. This represents a 9.06% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 9,850 shares of company stock valued at $1,188,910. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Hedge funds have recently modified their holdings of the business. Forum Financial Management LP raised its position in Phillips 66 by 1.0% during the fourth quarter. Forum Financial Management LP now owns 7,486 shares of the oil and gas company’s stock valued at $853,000 after buying an additional 77 shares during the period. WealthTrust Axiom LLC lifted its position in shares of Phillips 66 by 1.1% in the first quarter. WealthTrust Axiom LLC now owns 7,241 shares of the oil and gas company’s stock worth $894,000 after purchasing an additional 81 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Magnus Financial Group LLC grew its position in Phillips 66 by 2.8% during the second quarter. Magnus Financial Group LLC now owns 3,083 shares of the oil and gas company’s stock valued at $368,000 after purchasing an additional 84 shares in the last quarter. Finally, Biltmore Wealth Management LLC increased its stake in Phillips 66 by 2.4% in the 2nd quarter. Biltmore Wealth Management LLC now owns 3,613 shares of the oil and gas company’s stock valued at $431,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

About Phillips 66

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.