Zacks Research Decreases Earnings Estimates for Phillips 66

Phillips 66 (NYSE:PSX) – Analysts at Zacks Research reduced their Q2 2025 earnings estimates for shares of Phillips 66 in a research report issued to clients and investors on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $3.02 per share for the quarter, down from their previous estimate of $3.33. The consensus estimate for Phillips 66’s current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Phillips 66’s Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $9.77 EPS and Q3 2026 earnings at $3.14 EPS.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Barclays reduced their price target on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Raymond James upped their price target on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group cut their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler set a $144.00 target price on shares of Phillips 66 in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $149.69.

Phillips 66 Stock Up 0.3 %

Shares of NYSE PSX opened at $131.90 on Wednesday. The firm’s 50-day simple moving average is $130.15 and its 200 day simple moving average is $135.50. The company has a market cap of $54.47 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $114.94 and a 12-month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.63 EPS.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.49%. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

Institutional Trading of Phillips 66

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Phillips 66 by 263.3% in the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Phillips 66 during the 2nd quarter worth approximately $17,670,000. M&G Plc bought a new stake in Phillips 66 during the 2nd quarter worth approximately $3,596,000. Mizuho Securities USA LLC increased its stake in Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Phillips 66 by 318.9% during the 1st quarter. Cetera Investment Advisers now owns 142,548 shares of the oil and gas company’s stock worth $23,284,000 after purchasing an additional 108,515 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

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.