Phillips 66 (NYSE:PSX) Stock Rating Upgraded by Jefferies Financial Group

Phillips 66 (NYSE:PSX) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler boosted their price target on shares of Phillips 66 from $153.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Mizuho lifted their price objective on shares of Phillips 66 from $150.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. BMO Capital Markets reissued an “outperform” rating and issued a $170.00 target price on shares of Phillips 66 in a research note on Friday, February 6th. Scotiabank reaffirmed a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a research note on Friday, January 16th. Finally, TD Cowen reiterated a “buy” rating on shares of Phillips 66 in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $162.33.

Phillips 66 Stock Performance

NYSE PSX opened at $172.83 on Monday. The firm has a market cap of $69.26 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $178.38. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $152.83 and its 200-day moving average is $140.74.

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

Insider Buying and Selling

In other news, EVP Brian Mandell sold 42,800 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the completion of the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at $10,442,200.35. This represents a 41.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction that occurred 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 $3,869,850. This trade represents a 14.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 84,688 shares of company stock valued at $14,066,145 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position in Phillips 66 by 5.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 150,396 shares of the oil and gas company’s stock worth $19,407,000 after acquiring an additional 7,758 shares during the period. World Investment Advisors grew its position in shares of Phillips 66 by 5.1% during the 4th quarter. World Investment Advisors now owns 12,407 shares of the oil and gas company’s stock valued at $1,601,000 after acquiring an additional 599 shares during the period. Green Ridge Wealth Planning LLC bought a new stake in shares of Phillips 66 during the 4th quarter valued at $250,000. Bayban purchased a new stake in shares of Phillips 66 in the 4th quarter worth $58,000. Finally, Rehmann Capital Advisory Group increased its stake in shares of Phillips 66 by 23.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,534 shares of the oil and gas company’s stock worth $327,000 after purchasing an additional 488 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

More Phillips 66 News

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

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.