UBS Group Forecasts Strong Price Appreciation for Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) had its price objective upped by equities research analysts at UBS Group from $172.00 to $212.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective would indicate a potential upside of 20.34% from the company’s previous close.

A number of other brokerages have also recently weighed in on PSX. Morgan Stanley lifted their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Raymond James Financial raised their price objective on Phillips 66 from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Jefferies Financial Group upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. TD Cowen boosted their target price on Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Argus raised their price target on Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.78.

Phillips 66 Stock Performance

Shares of NYSE:PSX opened at $176.17 on Thursday. The firm’s 50 day simple moving average is $163.10 and its 200 day simple moving average is $144.94. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $190.61. The company has a market capitalization of $70.60 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. During the same quarter in the previous year, the company earned ($0.15) earnings per share. As a group, sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Insider Transactions at Phillips 66

In other Phillips 66 news, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director owned 8,701 shares in the company, valued at approximately $1,517,193.37. This represents a 30.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $168.22, for a total value of $2,835,516.32. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at $16,380,590.72. This represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 100,317 shares of company stock worth $17,036,749. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Phillips 66

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of Phillips 66 in the second quarter valued at approximately $25,000. Board of the Pension Protection Fund acquired a new position in Phillips 66 during the fourth quarter worth $26,000. Accordant Advisory Group Inc boosted its holdings in Phillips 66 by 900.0% during the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Phillips 66 in the fourth quarter valued at $27,000. Finally, SWAN Capital LLC grew its position in Phillips 66 by 1,055.6% in the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 News Roundup

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

• Positive Sentiment: Analyst upgrade: UBS raised its PSX price target to $212 and maintained a Buy rating, implying meaningful upside versus recent levels. Phillips 66 (NYSE:PSX) Price Target Raised to $212.00 at UBS Group
• Positive Sentiment: Additional broker support: Wells Fargo and TD Cowen also boosted targets/ratings this week, reinforcing analyst conviction that refining/midstream fundamentals and dividends justify higher valuations. Wells Fargo Increases Phillips 66 Price Target to $201
• Positive Sentiment: Earnings momentum: Coverage notes Phillips 66 has a strong history of beating earnings and consensus models expect substantial year‑over‑year EPS growth for Q1, a near‑term catalyst if results meet or beat. Will Phillips 66 (PSX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Upcoming catalyst: Q1 earnings are due later this month — results and management commentary will likely determine near‑term direction and validate (or reverse) recent upgrades. Phillips 66’s Q1 2026 Earnings: What to Expect
• Neutral Sentiment: Valuation/metrics: At a market cap ~ $70.6B with a mid‑teens P/E and moderate leverage, PSX looks attractively priced to some analysts but remains sensitive to refining margins and commodity swings. MarketBeat PSX Summary
• Negative Sentiment: Insider selling: CFO Kevin Mitchell sold 15,629 shares (~$2.97M) at about $190/share (SEC filing); while not uncommon, the sale reduces insider ownership and may raise short‑term caution premiums. SEC Form 4 – Kevin Mitchell
• Negative Sentiment: Recent price weakness: PSX pulled back in recent sessions (~3.6% drop noted in headlines), signaling near‑term volatility despite analyst enthusiasm. Phillips 66 (PSX) Stock Dips While Market Gains
• Negative Sentiment: Broader insider dispositions: Media reports of cumulative insider selling over the past year may concern some investors about near‑term conviction. Insider Selling Coverage

About Phillips 66

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.