Phillips 66 (PSX) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Phillips 66 (NYSE: PSX) in the last few weeks:

• 7/14/2026 – Phillips 66 had its price target raised by Citigroup Inc. from $183.00 to $204.00. They now have a “neutral” rating on the stock.
• 7/13/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $218.00 to $235.00. They now have an “outperform” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $191.00 to $207.00. They now have a “hold” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Jefferies Financial Group Inc. from $191.00 to $207.00. They now have a “hold” rating on the stock.
• 7/9/2026 – Phillips 66 had its price target raised by Barclays PLC from $177.00 to $183.00. They now have an “equal weight” rating on the stock.
• 7/6/2026 – Phillips 66 was downgraded by Zacks Research from “strong-buy” to “hold”.
• 6/29/2026 – Phillips 66 had its price target raised by TD Cowen from $213.00 to $220.00. They now have a “buy” rating on the stock.
• 6/15/2026 – Phillips 66 had its “buy” rating reaffirmed by UBS Group AG. They now have a $212.00 price target on the stock.
• 6/13/2026 – Phillips 66 was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 6/12/2026 – Phillips 66 had its price target raised by Morgan Stanley from $180.00 to $196.00. They now have an “overweight” rating on the stock.
• 6/10/2026 – Phillips 66 had its price target raised by Raymond James Financial, Inc. from $215.00 to $218.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Phillips 66 was upgraded by Guggenheim to “outperform”.
• 5/27/2026 – Phillips 66 was upgraded by Mizuho from “neutral” to “outperform”. They now have a $212.00 price target on the stock, up from $170.00.
• 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.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s payout ratio is presently 50.05%.

Insider Activity

In other news, Director Kevin Omar Meyers acquired 175 shares of Phillips 66 stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $173.12 per share, with a total value of $30,296.00. Following the purchase, the director directly owned 16,799 shares of the company’s stock, valued at $2,908,242.88. The trade was a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin J. Mitchell sold 29,400 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the transaction, the chief financial officer owned 97,376 shares of the company’s stock, valued at approximately $16,553,920. This represents a 23.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,021 shares of company stock valued at $7,195,257 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

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.