Zacks Research Increases Earnings Estimates for Phillips 66

Phillips 66 (NYSE:PSX) – Research analysts at Zacks Research increased their Q4 2025 EPS estimates for shares of Phillips 66 in a report issued on Wednesday, November 19th. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $1.35 for the quarter, up from their prior estimate of $1.33. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Phillips 66’s current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Phillips 66’s Q1 2026 earnings at $1.67 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.85 EPS, Q4 2026 earnings at $2.78 EPS, FY2026 earnings at $9.48 EPS, Q2 2027 earnings at $3.10 EPS, Q3 2027 earnings at $2.95 EPS and FY2027 earnings at $12.16 EPS.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.38. The firm had revenue of $33.69 billion during the quarter, compared to the consensus estimate of $32.29 billion. Phillips 66 had a return on equity of 5.51% and a net margin of 1.12%.During the same period last year, the business posted $2.04 EPS.

PSX has been the topic of several other reports. TD Cowen boosted their price objective on shares of Phillips 66 from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Bank of America downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating and upped their price target for the company from $144.00 to $147.00 in a report on Wednesday, September 3rd. Cowen reiterated a “buy” rating on shares of Phillips 66 in a research report on Thursday, October 30th. Mizuho raised their price objective on shares of Phillips 66 from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Phillips 66 in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.71.

Phillips 66 Stock Down 2.9%

Phillips 66 stock opened at $134.40 on Thursday. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $143.25. The firm has a market capitalization of $54.15 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The stock’s fifty day moving average is $134.28 and its two-hundred day moving average is $126.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 17th. Phillips 66’s payout ratio is presently 131.15%.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $138.00, for a total value of $4,140,000.00. Following the completion of the transaction, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. This represents a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $140.00, for a total value of $615,020.00. Following the transaction, the executive vice president owned 34,587 shares in the company, valued at $4,842,180. This trade represents a 11.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,786 shares of company stock valued at $5,348,075 over the last ninety days. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSX. Evolution Wealth Management Inc. purchased a new position in Phillips 66 in the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC boosted its stake in shares of Phillips 66 by 62.1% in the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Pinpoint Asset Management Ltd purchased a new position in shares of Phillips 66 in the first quarter valued at $29,000. Webster Bank N. A. grew its holdings in Phillips 66 by 58.8% during the 2nd quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Phillips 66 during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Company Profile

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.