Phillips 66 (NYSE:PSX) Stock Price Expected to Rise, TD Cowen Analyst Says

Phillips 66 (NYSE:PSX) had its target price boosted by equities research analysts at TD Cowen from $155.00 to $213.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential upside of 20.91% from the company’s previous close.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group upped their target price on shares of Phillips 66 from $168.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $163.00 to $201.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank raised shares of Phillips 66 to a “hold” rating in a research report on Friday, March 27th. Raymond James Financial upped their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Citigroup raised their target price on shares of Phillips 66 from $146.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.78.

Phillips 66 Stock Performance

Phillips 66 stock opened at $176.17 on Wednesday. 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 PEG ratio of 0.31 and a beta of 0.76. The stock has a fifty day moving average of $162.40 and a two-hundred day moving average of $144.63. 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 (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 the consensus estimate of $2.15 by $0.32. The business had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.During the same period in the prior year, the business earned ($0.15) earnings per share. On average, analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Insider Activity at Phillips 66

In related news, EVP Don Baldridge sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the executive vice president directly owned 38,488 shares of the company’s stock, valued at approximately $6,158,080. This represents a 16.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Omar Meyers purchased 175 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average price of $173.20 per share, with a total value of $30,310.00. Following the completion of the acquisition, the director owned 16,624 shares in the company, valued at $2,879,276.80. This represents a 1.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 100,317 shares of company stock valued at $17,036,749 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PSX. Clifford Group LLC lifted its position in Phillips 66 by 2.0% during the 4th quarter. Clifford Group LLC now owns 3,315 shares of the oil and gas company’s stock worth $428,000 after acquiring an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC grew its position 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 acquiring an additional 66 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Phillips 66 by 2.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after purchasing an additional 72 shares during the period. Johnson Financial Group Inc. lifted its position in shares of Phillips 66 by 11.9% during the fourth quarter. Johnson Financial Group Inc. now owns 679 shares of the oil and gas company’s stock worth $88,000 after purchasing an additional 72 shares in the last quarter. Finally, L2 Asset Management LLC lifted its position in shares of Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

More Phillips 66 News

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

• Positive Sentiment: Multiple brokerages raised price targets and reiterated buy ratings (UBS to $212, TD Cowen to $213, Wells Fargo to $201), implying ~20% upside from recent levels and signaling renewed analyst conviction. Read More. Read More. Read More.
• Positive Sentiment: Phillips 66 has a history of earnings beats and analysts expect robust Q1 results (consensus calls for big year-over-year EPS growth), supporting the bullish narrative for near-term upside. Read More. Read More.
• Neutral Sentiment: Q1 earnings are due later this month and consensus models point to massive bottom‑line growth; the release (and management commentary) will be the key catalyst that validates current analyst upgrades. Read More.
• Neutral Sentiment: Valuation and balance‑sheet snapshot: market cap around $70.6B, P/E ~16, PEG ~0.34 and modest leverage — metrics that support analyst bullishness but keep the stock sensitive to oil/refining margin swings. (See MarketBeat summary for current metrics.) Read More.
• Negative Sentiment: Insider selling: CFO Kevin Mitchell sold ~15,629 shares (~$2.97M) at ~ $190/share; the filing reduces his stake and adds a note of caution for some investors. Read More. Read More.
• Negative Sentiment: Recent short-term weakness: PSX traded lower in prior sessions (a ~3.6% dip reported in recent headlines), indicating near-term volatility despite analyst enthusiasm. Read More.
• Negative Sentiment: Broader insider selling over the past year (reported cumulative insider dispositions) could be viewed by some investors as a red flag on near-term conviction. Read More.

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.