NYSE:PSX

Phillips 66 (PSX) Stock Forecast, Price & News

$116.64

+1.97 (+1.72%)

(As of 08/11/2023 08:48 PM ET)

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Today's Range: $115.04
▼
$117.29
50-Day Range: $90.81
▼
$116.64
52-Week Range: $74.02
▼
$117.29

Volume: 2.56 million shs
Average Volume: 3.43 million shs
Market Capitalization: $51.94 billion

P/E Ratio: 5.06
Dividend Yield: 3.60%
Price Target: $124.77

Phillips 66 MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 7.0% Upside
$124.77 Price Target
Short Interest: Healthy
2.21% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.56
Upright™ Environmental Score
News Sentiment: 0.48
Based on 18 Articles This Week
Insider Trading: Selling Shares
$20.35 M Sold Last Quarter
Proj. Earnings Growth: -22.53%
From $14.60 to $11.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Oils/Energy Sector

128th out of 252 stocks

Petroleum Refining Industry

9th out of 17 stocks

1.3

Analyst's Opinion

Consensus Rating
Phillips 66 has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $124.77, Phillips 66 has a forecasted upside of 7.0% from its current price of $116.64.
Amount of Analyst Coverage
Phillips 66 has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.21% of the outstanding shares of Phillips 66 have been sold short.
Short Interest Ratio / Days to Cover
Phillips 66 has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Phillips 66 has recently decreased by 11.68%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Phillips 66 is a leading dividend payer. It pays a dividend yield of 3.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 is 18.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Phillips 66 will have a dividend payout ratio of 37.14% next year. This indicates that Phillips 66 will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Phillips 66 has received a -173.63% net impact score from Upright. The largest negative impact of Phillips 66 in category "GHG emissions" seems to be driven mostly by its "Oil and gas industry chemicals", "Ethylene and sulfur derivatives", "Refined natural gas", "Oil handling services", and "Retail of gasoline at a gas station" products. See details.
Environmental Sustainability
The Environmental Impact score for Phillips 66 is -5.56.

1.9

News and Social Media Coverage

News Sentiment
Phillips 66 has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Phillips 66 this week, compared to 8 articles on an average week.
Search Interest
Only 43 people have searched for PSX on MarketBeat in the last 30 days. This is a decrease of -4% compared to the previous 30 days.
MarketBeat Follows
Only 18 people have added Phillips 66 to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips 66 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,351,956.00 in company stock.
Percentage Held by Insiders
Only 4.57% of the stock of Phillips 66 is held by insiders.
Percentage Held by Institutions
77.52% of the stock of Phillips 66 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Phillips 66 are expected to decrease by -22.53% in the coming year, from $14.60 to $11.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 is 5.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 is 5.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.00.
Price to Earnings Growth Ratio
Phillips 66 has a PEG Ratio of 0.43. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Phillips 66 has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Phillips 66 (NYSE:PSX) Stock

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. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.

PSX Price History

30 days | 90 days | 365 days | Advanced Chart

PSX Stock News Headlines

August 12, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) EVP Brian Mandell Sells 3,000 Shares

August 11, 2023 | finance.yahoo.com

Get Your Kicks at Phillips 66 as Stock Hits 52-Week High

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August 10, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Chairman Greg C. Garland Sells 169,400 Shares

August 10, 2023 | finance.yahoo.com

Refiners make hay as global profit margins rebound

August 9, 2023 | finance.yahoo.com

Marathon (MPC) Q2 Earnings Top Despite a Plunge in Margins

August 9, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Phillips 66's (NYSE:PSX) Stock?

August 8, 2023 | msn.com

Phillips 66, ADM in talks on biofuels joint venture - Reuters

August 14, 2023 | Chaikin Analytics (Ad)

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August 8, 2023 | msn.com

Phillips 66: Maintain Buy Recommendation Following Solid Q2 Results

August 8, 2023 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

August 6, 2023 | americanbankingnews.com

Piper Sandler Raises Phillips 66 (NYSE:PSX) Price Target to $136.00

August 3, 2023 | oilprice.com

Phillips 66 Sees Profit Plunge 46% As Refiners Are Hit By Lower Margins

August 3, 2023 | reuters.com

Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3

August 3, 2023 | msn.com

Phillips 66 (PSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

August 3, 2023 | msn.com

Phillips 66 sees refineries running at mid-90% of combined capacity in Q3

August 3, 2023 | finance.yahoo.com

Phillips 66 (PSX) Q2 2023 Earnings Call Transcript

August 2, 2023 | markets.businessinsider.com

Phillips 66 Q2 Adj. Profit Declines

August 2, 2023 | msn.com

Phillips 66 joins rival refiners with sharp profit drop on lower margins

August 2, 2023 | msn.com

Phillips 66 Tops Q2 Estimates, Expects To Deliver $10B To $12B Shareholder Distribution By End Of 2024

August 2, 2023 | finance.yahoo.com

UPDATE 2-Phillips 66 joins rival refiners with sharp profit drop on lower margins

August 2, 2023 | finance.yahoo.com

Phillips 66 (PSX) Q2 Earnings and Revenues Surpass Estimates

August 2, 2023 | markets.businessinsider.com

Phillips 66 Stock (NYSE:PSX): More Gains on the Way?

July 28, 2023 | finance.yahoo.com

Phillips 66 (PSX) to Post Q2 Earnings: What's in Store?

July 26, 2023 | finance.yahoo.com

Phillips 66 Insider Ups Holding During Year

July 24, 2023 | seekingalpha.com

Phillips 66: Q2 Results To Show, Once Again, Weak Chemicals Margin

July 20, 2023 | msn.com

Morgan Stanley Reiterates Phillips 66 (PSX) Equal-Weight Recommendation

See More Headlines

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PSX Company Calendar

Ex-Dividend for 6/1 Dividend: 5/19/2023
Dividend Payable: 6/01/2023
Last Earnings: 8/02/2023
Today: 8/13/2023
Ex-Dividend for 9/1 Dividend: 8/17/2023
Dividend Payable: 9/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Petroleum refining
Sub-Industry: Oil & Gas Refining & Marketing
Sector: Oils/Energy
Current Symbol: NYSE:PSX
CUSIP: 71854610
CIK: 1534701
Web: www.phillips66.com
Phone: (281) 293-6600
Fax: 302-636-5454
Employees: 13,000
Year Founded: 1875

Price Target and Rating

Average Stock Price Forecast: $124.77
High Stock Price Forecast: $139.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: +7.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $23.05
Trailing P/E Ratio: 5.06
Forward P/E Ratio: 7.99
P/E Growth: 0.43
Net Income: $11.02 billion
Net Margins: 6.81%
Pretax Margin: 9.10%
Return on Equity: 26.25%
Return on Assets: 11.44%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 1.33
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $175.70 billion
Price / Sales: 0.30
Cash Flow: $22.34 per share
Price / Cash Flow: 5.22
Book Value: $69.75 per share
Price / Book: 1.67

Miscellaneous

Outstanding Shares: 445,290,000
Free Float: 424,938,000
Market Cap: $51.94 billion
Optionable: Optionable
Beta: 1.37

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Key Executives

Mr. Greg C. Garland (Age 66)
Exec. Chairman
Comp: $5.9M

Mr. Mark E. Lashier (Age 61)
Pres, CEO & Director
Comp: $4.82M

Mr. Kevin J. Mitchell (Age 57)
Exec. VP & CFO
Comp: $2.86M

Ms. Vanessa L. Allen Sutherland (Age 51)
Exec. VP of Gov. Affairs, Gen. Counsel & Corp. Sec.
Comp: $1.84M

Mr. Brian M. Mandell (Age 59)
Exec. VP of Marketing & Commercial
Comp: $2.28M

Mr. Timothy D. Roberts (Age 61)
Exec. VP of Midstream & Chemicals
Comp: $2.61M

Ms. Tandra Perkins
Sr. VP and Chief Digital & Admin. Officer

Mr. Jeffrey Alan Dietert
VP of Investor Relations

Ms. Sonya M. Reed (Age 49)
Sr. VP & Chief HR Officer

Ms. Zhanna Golodryga (Age 67)
Exec. VP of Emerging Energy & Sustainability

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PSX Stock - Frequently Asked Questions

Should I buy or sell Phillips 66 stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSX shares.
View PSX analyst ratings or view top-rated stocks.
What is Phillips 66's stock price forecast for 2023?: 12 Wall Street research analysts have issued twelve-month price objectives for Phillips 66's shares. Their PSX share price forecasts range from $105.00 to $139.00. On average, they anticipate the company's stock price to reach $124.77 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for PSX or view top-rated stocks among Wall Street analysts.
How have PSX shares performed in 2023?: Phillips 66's stock was trading at $104.08 at the start of the year. Since then, PSX shares have increased by 12.1% and is now trading at $116.64.
View the best growth stocks for 2023 here.
Are investors shorting Phillips 66?: Phillips 66 saw a increase in short interest in July. As of July 15th, there was short interest totaling 11,130,000 shares, an increase of 23.8% from the June 30th total of 8,990,000 shares. Based on an average trading volume of 3,280,000 shares, the days-to-cover ratio is presently 3.4 days.
View Phillips 66's Short Interest.
When is Phillips 66's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our PSX earnings forecast.
How were Phillips 66's earnings last quarter?: Phillips 66 (NYSE:PSX) released its quarterly earnings data on Wednesday, August, 2nd. The oil and gas company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.54 by $0.33. The oil and gas company earned $35.74 billion during the quarter, compared to the consensus estimate of $32.13 billion. Phillips 66 had a trailing twelve-month return on equity of 26.25% and a net margin of 6.81%. During the same period in the previous year, the firm earned $6.77 EPS.
Read the conference call transcript.
How often does Phillips 66 pay dividends? What is the dividend yield for Phillips 66?: Phillips 66 announced a quarterly dividend on Wednesday, July 12th. Shareholders of record on Friday, August 18th will be given a dividend of $1.05 per share on Friday, September 1st. This represents a $4.20 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for PSX.
What ETFs hold Phillips 66's stock?: ETFs with the largest weight of Phillips 66 (NYSE:PSX) stock in their portfolio include VanEck Oil Refiners ETF (CRAK), Invesco S&P Ultra Dividend Revenue ETF (RDIV), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Nasdaq Oil & Gas ETF (FTXN), Energy Select Sector SPDR Fund (XLE) and EA Series Trust - Morgan Dempsey Large Cap Value ETF (MDLV).

Is Phillips 66 a good dividend stock?: Phillips 66 (NYSE:PSX) pays an annual dividend of $4.20 per share and currently has a dividend yield of 3.60%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 37.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSX.
What other stocks do shareholders of Phillips 66 own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Chevron (CVX), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), ConocoPhillips (COP) and CVS Health (CVS).
What is Phillips 66's stock symbol?: Phillips 66 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSX."
Who are Phillips 66's major shareholders?: Phillips 66's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.25%), Geode Capital Management LLC (2.19%), Barclays PLC (1.62%), Northern Trust Corp (1.03%), Bank of New York Mellon Corp (0.89%) and Dimensional Fund Advisors LP (0.73%). Insiders that own company stock include Brian Mandell, Greg C Garland, Greg C Garland, Gregory Hayes, John E Lowe, Joseph Scott Pruitt, Kevin J Mitchell, Paula Ann Johnson, Robert A Herman and Timothy D Roberts.
View institutional ownership trends.
How do I buy shares of Phillips 66?: Shares of PSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Phillips 66's stock price today?: One share of PSX stock can currently be purchased for approximately $116.64.
How much money does Phillips 66 make?: Phillips 66 (NYSE:PSX) has a market capitalization of $51.94 billion and generates $175.70 billion in revenue each year. The oil and gas company earns $11.02 billion in net income (profit) each year or $23.05 on an earnings per share basis.
How many employees does Phillips 66 have?: The company employs 13,000 workers across the globe.
Does Phillips 66 have any subsidiaries?: The following companies are subsidiares of Phillips 66: Asamera Oil (US) Inc., C.S. Land Inc., Central Retail Holdings LLC, Douglas Oil Company of California, Gray Oak Holdings LLC, JET Energy Trading GmbH, JET Petrol Limited, JET Petroleum Limited, JET Retail UK Limited, JET Tankstellen Austria GmbH, JET Tankstellen Deutschland GmbH, KHQ LLC, Kansas City Retail and Convenience LLC, Kayo Oil Company, Linden Urban Renewal Limited Partnership, Merey Sweeny LLC, OK CNG 5 LLC, Phillips 66 Alliance Dock LLC, Phillips 66 Alliance H2PL LLC, Phillips 66 Aviation LLC, Phillips 66 CS Limited, Phillips 66 Canada Ltd., Phillips 66 Capital Holdings LLC, Phillips 66 Carrier LLC, Phillips 66 Central Europe Inc., Phillips 66 Communications Inc., Phillips 66 Company, Phillips 66 Continental Holding GmbH, Phillips 66 DAPL Holdings LLC, Phillips 66 ETCO Holdings LLC, Phillips 66 European Power Limited, Phillips 66 Export Terminal LLC, Phillips 66 GmbH, Phillips 66 Gulf Coast Pipeline LLC, Phillips 66 Gulf Coast Properties LLC, Phillips 66 International Holdings Company, Phillips 66 International Investments Ltd., Phillips 66 International Trading Pte. Ltd., Phillips 66 Investment Holdings LLC, Phillips 66 Ireland Pension Trust Limited, Phillips 66 LCR Isomerization LLC, Phillips 66 Limited, Phillips 66 Partners Finance Corporation, Phillips 66 Partners GP LLC, Phillips 66 Partners Holdings LLC, Phillips 66 Partners LP, Phillips 66 Pension Plan Trustee Limited, Phillips 66 Pipeline LLC, Phillips 66 Project Development Inc., Phillips 66 Sand Hills LLC, Phillips 66 Southern Hills LLC, Phillips 66 Spectrum Corporation, Phillips 66 Stillwater Retail Corporation, Phillips 66 Stillwater Retail One LLC, Phillips 66 Stillwater Retail Two LLC, Phillips 66 Sweeny Crude Export LLC, Phillips 66 Sweeny Frac 2 LLC, Phillips 66 Sweeny Frac LLC, Phillips 66 Sweeny-Freeport 2 Pipeline LLC, Phillips 66 Sweeny-Freeport LLC, Phillips 66 TS Limited, Phillips 66 Treasury Limited, Phillips 66 UK Development Limited, Phillips 66 UK Funding Limited, Phillips 66 UK Holdings Limited, Phillips 66 WRB Partner LLC, Phillips Chemical Holdings LLC, Phillips Gas Company LLC, Phillips Gas Company Shareholder Inc., Phillips Utility Gas Corporation, Phoenix Sub LLC, Pioneer Investments Corp., Pioneer Pipe Line Company, Qingdao Phillips 66 Energy Co. Ltd., Radius Insurance Company, SHC Insurance Company, Salt Lake Terminal Company, Sentinel Transportation LLC, Spectrum Corporation, Spirit Insurance Company, Sweeny Cogeneration LLC, Tosco Corporation, WesTTex 66 Pipeline LLC, West Retail Holdings LLC, and eFUEL LLC.
Read More
How can I contact Phillips 66?: Phillips 66's mailing address is 2331 CITYWEST BOULEVARD, HOUSTON TX, 77042. The official website for the company is www.phillips66.com. The oil and gas company can be reached via phone at (281) 293-6600, via email at investorrelations@p66.com, or via fax at 302-636-5454.

This page (NYSE:PSX) was last updated on 8/14/2023 by MarketBeat.com Staff

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