Phillips 66 (NYSE:PSX) Price Target Raised to $170.00 at Mizuho

Phillips 66 (NYSE:PSX) had its price objective hoisted by Mizuho from $152.00 to $170.00 in a research note released on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Several other analysts also recently issued reports on PSX. Piper Sandler lifted their price target on shares of Phillips 66 from $153.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Barclays set a $158.00 price target on shares of Phillips 66 in a research report on Friday, February 20th. Weiss Ratings raised shares of Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. The Goldman Sachs Group upped their target price on Phillips 66 from $168.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Zacks Research lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.33.

Phillips 66 Price Performance

PSX stock opened at $172.83 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. The company’s 50-day moving average is $152.83 and its 200-day moving average is $140.74. The stock has a market capitalization of $69.26 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $178.38.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The business had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. During the same period in the previous year, the company posted ($0.15) EPS. Equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were issued a dividend of $1.27 per share. The ex-dividend date was Monday, February 23rd. This represents a $5.08 annualized dividend and a yield of 2.9%. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

Insiders Place Their Bets

In other Phillips 66 news, Director Kevin Omar Meyers bought 175 shares of Phillips 66 stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average cost of $173.20 per share, for a total transaction of $30,310.00. Following the acquisition, the director directly owned 16,624 shares in the company, valued at approximately $2,879,276.80. This represents a 1.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lisa Ann Davis sold 3,800 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the sale, the director owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 84,688 shares of company stock worth $14,066,145. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Phillips 66

Several large investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. purchased a new stake in shares of Phillips 66 in the second quarter valued at $25,000. Board of the Pension Protection Fund purchased a new position in shares of Phillips 66 during the 4th quarter worth about $26,000. Accordant Advisory Group Inc grew its holdings in Phillips 66 by 900.0% during the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 180 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Phillips 66 during the 4th quarter valued at about $27,000. Finally, SWAN Capital LLC raised its position in Phillips 66 by 1,055.6% in the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 190 shares during the period. 76.93% of the stock is owned by institutional investors.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Jefferies upgraded PSX from “hold” to “strong‑buy”, which can attract buyer interest and support the stock. Jefferies Upgrade
• Positive Sentiment: Board/executive-friendly cash return: Phillips 66 recently raised its quarterly dividend to $1.27 (paid Mar 4), boosting yield and income appeal for yield‑seeking investors. Dividend Notice
• Positive Sentiment: Director Kevin Omar Meyers bought 175 shares (~$30.3k), a small but supportive insider purchase disclosed to the SEC. Kevin Meyers SEC Filing
• Neutral Sentiment: Piper Sandler presentation transcript was released (investor / management commentary available), which may provide operational color but no headline surprises reported so far. Conference Transcript
• Neutral Sentiment: Mizuho raised its price target to $170 but kept a “neutral” rating — the PT is near current levels, so it’s not a clear catalyst. Mizuho Note
• Neutral Sentiment: Analyst/ownership backdrop: mixed analyst ratings (buy/hold split) and steady institutional ownership; recent quarterly EPS beat (Feb 4) but revenue missed consensus — a mixed fundamentals picture that tempers large moves. Analyst & Earnings Summary
• Negative Sentiment: Large insider sales: EVP Brian Mandell sold 42,800 shares (~$7.26M), a significant reduction in insider holdings that can pressure sentiment. Mandell SEC Filing
• Negative Sentiment: Director Lisa Ann Davis sold 3,800 shares (~$662.6k), trimming her stake by ~30%, another sign of insider selling pressure. Davis 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.