BMO Capital Markets Raises Phillips 66 (NYSE:PSX) Price Target to $195.00

Phillips 66 (NYSE:PSX) had its target price upped by analysts at BMO Capital Markets from $175.00 to $195.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. BMO Capital Markets’ target price points to a potential upside of 16.13% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. TD Cowen lifted their price target on shares of Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Argus lifted their price target on shares of Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Citigroup lifted their price target on shares of Phillips 66 from $146.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings upgraded shares of Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Phillips 66 from $161.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $179.06.

Phillips 66 Stock Down 3.9%

NYSE PSX opened at $167.92 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $190.61. The company has a 50 day moving average of $165.02 and a 200-day moving average of $145.90. The company has a market cap of $67.29 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.31 and a beta of 0.76.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share 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 company had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same period in the previous year, the business earned ($0.15) earnings per share. On average, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the transaction, the executive vice president directly owned 25,799 shares of the company’s stock, valued at $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,317 shares of company stock valued at $17,036,749 over the last three months. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Phillips 66

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

Phillips 66 News Summary

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

• Positive Sentiment: Multiple Wall Street firms raised price targets and kept generally constructive ratings (Piper Sandler to $177, Barclays to $177, JPMorgan to $188, BMO to $195), signaling analyst confidence in PSX’s medium‑term outlook despite near‑term volatility. Piper Sandler raise Barclays raise JPMorgan raise BMO raise
• Positive Sentiment: Energy sector strength from the Iran conflict has lifted oil and diesel prices, which can boost refining and midstream cash flows over time—a tailwind for PSX’s core businesses. Oil surge article
• Neutral Sentiment: Analyst commentary (Wolfe Research cited) expects the stock to rise, reflecting differing views on how temporary derivative hits will translate into long‑term earnings; this keeps opinions mixed and trading volatile. Wolfe Research note
• Negative Sentiment: Phillips 66 flagged roughly $900 million (pre‑tax) mark‑to‑market losses on net‑short commodity derivative positions as oil surged; the refining segment is expected to absorb $350–$450 million of that hit. This is the primary near‑term driver of the stock decline because it will depress Q1 reported results and inject earnings volatility. Yahoo Finance on $900M loss Offshore-Technology coverage Seeking Alpha on derivatives losses

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.