Phillips 66 (NYSE:PSX) Price Target Raised to $163.00

Phillips 66 (NYSE:PSX) had its target price increased by Wells Fargo & Company from $162.00 to $163.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their target price on shares of Phillips 66 from $137.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Wall Street Zen downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Barclays raised their target price on Phillips 66 from $141.00 to $142.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. UBS Group reiterated a “buy” rating on shares of Phillips 66 in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.41.

Phillips 66 Price Performance

Shares of PSX opened at $157.75 on Thursday. The business’s fifty day moving average is $138.47 and its 200 day moving average is $133.74. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $159.15. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a market cap of $63.56 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.57 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. The firm had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the sale, the executive vice president directly owned 25,799 shares in the company, valued at $3,869,850. The trade was a 14.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Mandell sold 25,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the completion of the transaction, the executive vice president directly owned 56,838 shares in the company, valued at $7,959,593.52. This trade represents a 30.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 60,488 shares of company stock valued at $8,474,466. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSX. EverSource Wealth Advisors LLC lifted its stake in Phillips 66 by 16.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,439 shares of the oil and gas company’s stock valued at $1,218,000 after purchasing an additional 1,351 shares during the last quarter. Americana Partners LLC raised its stake in shares of Phillips 66 by 3.1% in the fourth quarter. Americana Partners LLC now owns 22,087 shares of the oil and gas company’s stock valued at $2,850,000 after buying an additional 673 shares during the period. Legato Capital Management LLC purchased a new position in shares of Phillips 66 during the 4th quarter valued at $1,670,000. Advisory Alpha LLC grew its stake in shares of Phillips 66 by 2.5% during the 4th quarter. Advisory Alpha LLC now owns 3,173 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 77 shares during the period. Finally, Evoke Wealth LLC increased its holdings in Phillips 66 by 23.7% in the 4th quarter. Evoke Wealth LLC now owns 5,427 shares of the oil and gas company’s stock worth $700,000 after acquiring an additional 1,040 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Key Phillips 66 News

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported $2.47 EPS vs. $2.15 consensus, with improving refining margins and stronger midstream volumes that bolster cash flow and support the company’s growth narrative. PSX Q4 2025 Earnings Highlights
• Positive Sentiment: Management emphasizes midstream-led growth — management told investors the firm is leaning into fee-based midstream businesses to reduce cyclicality and grow stable cash flow, a strategic positive for valuation and dividend coverage. Earnings Call: Midstream-Led Growth
• Positive Sentiment: Analyst upgrade / higher price target from Wells Fargo — Wells Fargo raised its PT to $163 with an overweight rating, signaling incremental upside and helping investor sentiment. Wells Fargo Raises PSX Price Target
• Neutral Sentiment: Morgan Stanley raised its price target to $147 but kept an equal-weight rating — the uplift is constructive, though the target remains below current market levels, producing a mixed signal. Morgan Stanley Price Target Update
• Negative Sentiment: Los Angeles refinery shutdown and layoffs — Phillips 66 is winding down operations at its last California refinery and will cut a large portion of local jobs; this could lower future refining throughput, trigger one‑time costs and attract regulatory/PR scrutiny. Refinery Shutdown / Layoffs
• Negative Sentiment: Insider sale — EVP Vanessa Allen Sutherland sold ~4,394 shares at about $150; not large for the company but can be perceived negatively by some investors. SEC Form 4: Insider Sale

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.