Phillips 66 (NYSE:PSX) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Phillips 66 (NYSE:PSX) had its price target increased by analysts at The Goldman Sachs Group from $186.00 to $192.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 20.42% from the company’s previous close.

Several other equities research analysts have also recently commented on PSX. Citigroup raised their target price on shares of Phillips 66 from $159.00 to $183.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen upped their target price on Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. UBS Group upped their target price on Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Raymond James Financial upped their target price on Phillips 66 from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Finally, Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.72.

Phillips 66 Price Performance

PSX opened at $159.44 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. Phillips 66 has a 52-week low of $93.50 and a 52-week high of $190.61. The stock has a market capitalization of $63.90 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.28 and a beta of 0.76. The stock’s 50 day moving average price is $165.68 and its 200-day moving average price is $146.31.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS 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 9.13%. The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. During the same period last year, the company posted ($0.15) EPS. On average, equities research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Insider Buying and Selling at Phillips 66

In other Phillips 66 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 completion of the transaction, the executive vice president owned 25,799 shares in the company, valued at approximately $3,869,850. The trade was a 14.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Don Baldridge sold 7,500 shares of Phillips 66 stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total value of $1,200,000.00. Following the transaction, the executive vice president owned 38,488 shares of the company’s stock, valued at $6,158,080. The trade was a 16.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,923 shares of company stock valued at $16,399,619 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new stake in Phillips 66 during the 2nd quarter valued at about $25,000. Board of the Pension Protection Fund purchased a new position in Phillips 66 in the 4th quarter worth approximately $26,000. Accordant Advisory Group Inc raised its holdings in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Phillips 66 in the 4th quarter worth approximately $27,000. Finally, SWAN Capital LLC raised its holdings 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 acquiring an additional 190 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Multiple bullish analyst actions: Wolfe Research and UBS published buy calls, reinforcing a positive long-term view on execution and cash return potential. Phillips 66 (PSX) Gets a Buy from Wolfe Research UBS Sticks to Their Buy Rating for Phillips 66 (PSX)
• Positive Sentiment: Valuation lifts from independent research: a recent fair-value update raised PSX’s assessed value (from US$165.45 to ~US$179.10), reflecting higher pricing assumptions across the Street. This supports a higher base for targets. How The Evolving Investment Story Is Shaping Phillips 66 (PSX) Valuation Targets
• Positive Sentiment: Broker price-target increases continue: independent outlets and aggregators show new targets in the high $170s–$195 range, supporting upside versus recent levels. Example: a $195 target was published and several banks raised targets this week. Phillips 66 (NYSE:PSX) Price Target Raised to $195.00
• Neutral Sentiment: Goldman Sachs raised its price target to $192 but kept a neutral rating — that implies upside in target but not an upgrade in conviction. Goldman Sachs adjusts price target on Phillips 66 to $192
• Neutral Sentiment: Context on refining economics: industry coverage notes that refiners are still seeing elevated “war-era” crack spreads (strong near-term margins), which supports earnings but leaves PSX exposed to swings in crude and product prices. Crude Fell, The Crack Spread Didn’t: 6 Refiner Stocks To Watch This Earnings Season
• Negative Sentiment: Company-disclosed derivatives hit: Phillips 66 flagged roughly a $900 million derivatives loss tied to net-short commodity positions as oil and diesel surged amid geopolitical-driven crude volatility — a direct, near-term earnings/cash-impact item and clear reason for investor caution. Phillips 66 Flags $900 Million Derivatives Loss As Oil Surges 68%
• Negative Sentiment: Ongoing commodity exposure and crude trade-flow risk: analysts raising targets continue to warn that PSX’s earnings remain sensitive to crude/diesel swings and refining cracks; the recent geopolitical shock is reinforcing that risk premium and likely pressured the stock. Phillips 66: Strong Execution, But The Stock Got There First

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.