FY2026 EPS Estimates for Phillips 66 Raised by Scotiabank

Phillips 66 (NYSE:PSX) – Research analysts at Scotiabank raised their FY2026 earnings per share estimates for Phillips 66 in a note issued to investors on Wednesday, February 11th. Scotiabank analyst P. Cheng now expects that the oil and gas company will earn $10.35 per share for the year, up from their previous estimate of $9.15. Scotiabank has a “Sector Perform” rating and a $140.00 price objective on the stock. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share. Scotiabank also issued estimates for Phillips 66’s FY2027 earnings at $11.95 EPS.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. The business had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. During the same period in the prior year, the company posted ($0.15) EPS.

PSX has been the subject of a number of other reports. 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. Barclays raised their price objective on Phillips 66 from $141.00 to $142.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Morgan Stanley boosted their target price on Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Zacks Research lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Piper Sandler raised their price target on Phillips 66 from $153.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $158.72.

Phillips 66 Stock Up 2.2%

PSX stock opened at $159.75 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $140.39 and its 200 day moving average price is $134.92. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $163.79. The company has a market cap of $64.37 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.56 and a beta of 0.90.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, February 23rd will be given a dividend of $1.27 per share. The ex-dividend date is Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a yield of 3.2%. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. Phillips 66’s dividend payout ratio (DPR) is 44.36%.

Insider Activity

In other Phillips 66 news, EVP Brian Mandell sold 26,200 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total value of $3,607,216.00. Following the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,825,455.84. This represents a 31.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction dated 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 owned 25,799 shares of the company’s stock, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,488 shares of company stock valued at $8,474,466 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC increased its stake in Phillips 66 by 5.7% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 66 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Phillips 66 by 2.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after buying an additional 72 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Phillips 66 by 11.9% during the 4th quarter. Johnson Financial Group Inc. now owns 679 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 72 shares during the last quarter. L2 Asset Management LLC lifted its holdings in shares of Phillips 66 by 4.0% during the 3rd quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 72 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its position in shares of Phillips 66 by 0.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 73 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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.