Q2 EPS Estimates for Phillips 66 Lowered by Zacks Research

Phillips 66 (NYSE:PSX) – Zacks Research decreased their Q2 2025 EPS estimates for shares of Phillips 66 in a research note issued to investors on Wednesday, July 9th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $1.58 per share for the quarter, down from their previous estimate of $1.59. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Phillips 66’s Q2 2026 earnings at $2.07 EPS, Q4 2026 earnings at $2.28 EPS, FY2026 earnings at $8.39 EPS, Q1 2027 earnings at $0.46 EPS and Q2 2027 earnings at $1.89 EPS.

Other analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Wells Fargo & Company reduced their price objective on shares of Phillips 66 from $149.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, June 11th. TD Cowen increased their target price on shares of Phillips 66 from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Compass Point started coverage on Phillips 66 in a report on Wednesday, June 18th. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald started coverage on Phillips 66 in a research note on Wednesday, June 18th. They set a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $135.21.

Phillips 66 Stock Down 0.4%

Shares of Phillips 66 stock opened at $128.52 on Monday. The firm has a market cap of $52.36 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 2.07 and a beta of 1.02. The stock has a 50-day simple moving average of $120.37 and a 200-day simple moving average of $118.00. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. The company had revenue of $31.92 billion for the quarter, compared to analysts’ expectations of $31.93 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share.

Institutional Trading of Phillips 66

Institutional investors have recently modified their holdings of the company. Elliott Investment Management L.P. raised its stake in shares of Phillips 66 by 1,929.0% in the 1st quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock valued at $1,941,723,000 after buying an additional 14,950,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Phillips 66 by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company’s stock valued at $968,844,000 after purchasing an additional 82,758 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Phillips 66 by 11.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,709,108 shares of the oil and gas company’s stock valued at $828,442,000 after purchasing an additional 682,459 shares during the period. Invesco Ltd. raised its stake in Phillips 66 by 15.9% during the first quarter. Invesco Ltd. now owns 4,765,866 shares of the oil and gas company’s stock worth $588,489,000 after acquiring an additional 653,248 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Phillips 66 by 10.6% in the fourth quarter. Northern Trust Corp now owns 4,589,079 shares of the oil and gas company’s stock valued at $522,834,000 after buying an additional 440,107 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total transaction of $571,090.00. Following the sale, the executive vice president directly owned 43,373 shares of the company’s stock, valued at $5,638,490. This trade represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Mandell sold 9,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the completion of the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at approximately $7,104,750. This trade represents a 14.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, August 19th. Phillips 66’s payout ratio is currently 109.34%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.