Investment Analysts’ Weekly Ratings Updates for Phillips 66 (PSX)

Phillips 66 (NYSE: PSX) has recently received a number of price target changes and ratings updates:

• 5/26/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $173.00 to $191.00. They now have a “hold” rating on the stock.
• 5/19/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $192.00 to $207.00. They now have a “neutral” rating on the stock.
• 5/16/2026 – Phillips 66 was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 5/14/2026 – Phillips 66 had its price target raised by Argus from $185.00 to $197.00. They now have a “buy” rating on the stock.
• 5/13/2026 – Phillips 66 had its price target raised by BMO Capital Markets from $195.00 to $215.00. They now have an “outperform” rating on the stock.
• 5/2/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 5/1/2026 – Phillips 66 was downgraded by Weiss Ratings from “buy (b-)” to “hold (c)”.
• 4/30/2026 – Phillips 66 had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $180.00 price target on the stock.
• 4/30/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $205.00 to $215.00.
• 4/30/2026 – Phillips 66 had its price target raised by JPMorgan Chase & Co. from $188.00 to $202.00.
• 4/30/2026 – Phillips 66 was upgraded by Tudor Pickering from “hold” to “strong-buy”.
• 4/27/2026 – Phillips 66 was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/22/2026 – Phillips 66 had its price target raised by Scotiabank from $140.00 to $151.00. They now have a “sector perform” rating on the stock.
• 4/13/2026 – Phillips 66 was downgraded by Jefferies Financial Group Inc. from “strong-buy” to “hold”.
• 4/11/2026 – Phillips 66 was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 4/10/2026 – Phillips 66 had its price target raised by The Goldman Sachs Group, Inc. from $186.00 to $192.00. They now have a “neutral” rating on the stock.
• 4/9/2026 – Phillips 66 had its price target raised by Citigroup Inc. from $159.00 to $183.00. They now have a “neutral” rating on the stock.
• 4/8/2026 – Phillips 66 had its price target raised by JPMorgan Chase & Co. from $161.00 to $188.00. They now have an “overweight” rating on the stock.
• 4/8/2026 – Phillips 66 had its price target raised by Piper Sandler from $168.00 to $177.00. They now have a “neutral” rating on the stock.
• 4/8/2026 – Phillips 66 had its price target raised by Barclays PLC from $158.00 to $177.00. They now have an “equal weight” rating on the stock.
• 4/7/2026 – Phillips 66 had its price target raised by BMO Capital Markets from $175.00 to $195.00. They now have an “outperform” rating on the stock.
• 4/6/2026 – Phillips 66 had its price target raised by Wolfe Research from $187.00 to $193.00. They now have an “outperform” rating on the stock.
• 4/2/2026 – Phillips 66 had its price target raised by UBS Group AG from $172.00 to $212.00. They now have a “buy” rating on the stock.
• 4/1/2026 – Phillips 66 had its price target raised by TD Cowen from $155.00 to $213.00. They now have a “buy” rating on the stock.
• 3/31/2026 – Phillips 66 had its price target raised by Wells Fargo & Company from $163.00 to $201.00. They now have an “overweight” rating on the stock.
• 3/27/2026 – Phillips 66 was upgraded by Scotiabank to “hold”.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th. Phillips 66’s payout ratio is currently 50.05%.

Insider Transactions at Phillips 66

In related news, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the sale, the director owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. The trade was a 30.40% 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 Brian Mandell sold 42,800 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the transaction, the executive vice president directly owned 61,595 shares in the company, valued at $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 114,029 shares of company stock worth $19,641,455. 0.40% of the stock is owned by corporate insiders.

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.