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

A number of research firms have changed their ratings and price targets for Phillips 66 (NYSE: PSX):

• 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.
• 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”.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 18th. Phillips 66’s dividend payout ratio (DPR) is 50.05%.

Insider Transactions at Phillips 66

In related news, Director Kevin Omar Meyers purchased 175 shares of the stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $173.12 per share, for a total transaction of $30,296.00. Following the completion of the acquisition, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. This trade represents a 1.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Mitchell sold 600 shares of Phillips 66 stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $171.56, for a total transaction of $102,936.00. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $16,705,826.56. This represents a 0.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by 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.