Phillips 66 (NYSE:PSX) Given New $215.00 Price Target at Raymond James Financial

Phillips 66 (NYSE:PSX) had its price objective lifted by equities researchers at Raymond James Financial from $205.00 to $215.00 in a research report issued on Thursday,MarketScreener reports. Raymond James Financial’s target price indicates a potential upside of 23.67% from the company’s current price.

A number of other research analysts have also recently commented on PSX. Argus boosted their target price on shares of Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. BMO Capital Markets boosted their target price on shares of Phillips 66 from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. UBS Group boosted their target price on shares of Phillips 66 from $172.00 to $212.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings upgraded shares of Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Phillips 66 from $186.00 to $192.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $184.50.

Phillips 66 Trading Down 3.0%

Phillips 66 stock traded down $5.30 during trading on Thursday, reaching $173.85. The company had a trading volume of 153,883 shares, compared to its average volume of 3,007,326. Phillips 66 has a 12-month low of $103.38 and a 12-month high of $190.61. The stock’s 50 day moving average price is $167.69 and its two-hundred day moving average price is $149.00. The firm has a market capitalization of $69.67 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.29 and a beta of 0.76. 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 released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 11.04%. The firm had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. During the same period in the previous year, the firm earned ($0.90) earnings per share. Phillips 66’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Phillips 66 will post 15.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Phillips 66 news, CFO Kevin J. Mitchell sold 15,629 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $190.07, for a total value of $2,970,604.03. Following the completion of the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $18,508,256.32. This represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin Omar Meyers purchased 175 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average cost of $173.20 per share, with a total value of $30,310.00. Following the completion of the acquisition, the director directly owned 16,624 shares in the company, valued at $2,879,276.80. The trade was a 1.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 95,923 shares of company stock worth $16,399,619 in the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Trading of Phillips 66

A number of hedge funds have recently bought and sold shares of PSX. Clifford Group LLC lifted its position in shares of Phillips 66 by 2.0% in the fourth quarter. Clifford Group LLC now owns 3,315 shares of the oil and gas company’s stock worth $428,000 after purchasing an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of 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 worth $158,000 after purchasing an additional 66 shares in the last quarter. L2 Asset Management LLC lifted its position in shares of Phillips 66 by 4.0% in 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. GHP Investment Advisors Inc. lifted its position in shares of Phillips 66 by 2.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock worth $414,000 after purchasing an additional 72 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Phillips 66 by 11.9% in 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. 76.93% of the stock is owned by hedge funds and other institutional investors.

Key Phillips 66 News

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

• Positive Sentiment: Q1 earnings beat — PSX reported an unexpected quarterly profit driven by higher realized refining margins and improved throughput; the market focused on underlying operations rather than derivative losses. Phillips 66 Q1 2026 Earnings Call Summary
• Positive Sentiment: Analyst upgrade / momentum — Tudor Pickering upgraded PSX from Hold to Strong Buy, and Zacks added PSX to its Rank #1 (Strong Buy) growth stocks list, boosting sentiment and buy-side interest. Zacks.com TickerReport
• Positive Sentiment: Oil price tailwind — Brent crude spiked toward $117 on Iran-related geopolitical risk, supporting refining margins and near-term profitability for refiners like PSX. Brent Crude Spikes to $117
• Neutral Sentiment: Operations update — Management said refineries are running in the low- to mid-90% range of combined capacity, which supports volumes but is largely in line with expectations. Reuters: Phillips 66 running refineries
• Neutral Sentiment: Peer context — Valero’s blowout Q1 results on surging crack spreads underscore sector strength; peers’ results can buoy PSX multiple but also set higher expectations. Valero Energy’s Earnings
• Negative Sentiment: Derivative losses and near-term costs — The quarter included large mark-to-market losses on derivatives (management noted sizable pre-tax impacts) and guidance of $120M–$150M in Q2 turnaround expense; these weigh on reported profits and cash. Seeking Alpha: debt target & turnaround expense

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.