NYSE:PSX

Phillips 66 - PSX Stock Forecast, Price & News

$85.86

-0.46 (-0.53%)

(As of 09/8/2022 11:04 AM ET)

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Today's Range: $85.63
▼
$86.85
50-Day Range: $78.55
▼
$93.81
52-Week Range: $63.19
▼
$111.28

Volume: 22,152 shs
Average Volume: 2.90 million shs
Market Capitalization: $41.30 billion

P/E Ratio: 7.40
Dividend Yield: 4.47%
Price Target: $108.29

Phillips 66 MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.77 Rating Score
Upside/Downside: 26.1% Upside
$108.29 Price Target
Short Interest: Healthy
2.24% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -6.77
Upright™ Environmental Score
News Sentiment: 0.17
Based on 11 Articles This Week
Insider Trading: Selling Shares
$22.61 M Sold Last Quarter
Proj. Earnings Growth: -31.69%
From $16.03 to $10.95 Per Share

Overall MarketRank^™

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

2.97 out of 5 stars

Oils/Energy Sector

12th out of 247 stocks

Petroleum Refining Industry

1st out of 20 stocks

4.4

Analyst's Opinion

Consensus Rating
Phillips 66 has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $108.29, Phillips 66 has a forecasted upside of 26.1% from its current price of $85.86.
Amount of Analyst Coverage
Phillips 66 has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.24% 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 2.9, 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 1.01%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Phillips 66 is a leading dividend payer. It pays a dividend yield of 4.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 is 33.42%. 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 35.43% 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 -147.71% 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", "Retail of gasoline at a gas station", "Ethylene and sulfur derivatives", "Retail of diesel at a gas station", and "Alkenes" products. See details.
Environmental Sustainability
The Environmental Impact score for Phillips 66 is -6.77.

1.8

News and Social Media Coverage

News Sentiment
Phillips 66 has a news sentiment score of 0.17. 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 is a lower news sentiment than the 0.51 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Phillips 66 this week, compared to 7 articles on an average week.
Search Interest
Only 52 people have searched for PSX on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
MarketBeat Follows
Only 37 people have added Phillips 66 to their MarketBeat watchlist in the last 30 days. This is a decrease of -51% 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 $22,606,401.00 in company stock.
Percentage Held by Insiders
Only 0.74% of the stock of Phillips 66 is held by insiders.
Percentage Held by Institutions
71.42% 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 -31.69% in the coming year, from $16.03 to $10.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 is 7.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 is 7.40, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 40.95.
Price to Earnings Growth Ratio
Phillips 66 has a PEG Ratio of 0.44. 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 1.74. 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. 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 fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. 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.

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PSX Stock News Headlines

September 8, 2022 | reuters.com

PSX.DF - Phillips 66 | Stock Price & Latest News | Reuters

September 7, 2022 | finance.yahoo.com

Are Phillips 66's (NYSE:PSX) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

September 8, 2022 | Wealthy Millionaire (Ad)

Stock With Amazing Potential

Set to supply a new industry, this little-known stock could soon make a big splash.

September 6, 2022 | seekingalpha.com

Phillips 66 slides as EPA rejects permit for Bluewater export terminal

September 6, 2022 | theglobeandmail.com

Phillips 66 Is Attractive With Its High Yield and Covered Call Income Plays

September 6, 2022 | finance.yahoo.com

EPA reportedly revokes permit for Bluewater offshore terminal proposed by Phillips 66, Trafigura

September 4, 2022 | seekingalpha.com

Phillips 66 (PSX) Investor Presentation - Slideshow

September 4, 2022 | thestreet.com

Phillips 66 (PSX) Stock Gains After Plans to Strengthen Joint Venture

September 8, 2022 | Wealthy Millionaire (Ad)

Stock With Amazing Potential

Set to supply a new industry, this little-known stock could soon make a big splash.

September 3, 2022 | investing.com

Phillips 66 (PSX)

September 2, 2022 | finance.yahoo.com

U.S. EPA denies permit for Phillips, Trafigura's Bluewater offshore terminal

September 2, 2022 | finance.yahoo.com

UPDATE 1-U.S. EPA revokes permit for Phillips-Trafigura Bluewater offshore terminal

September 1, 2022 | finance.yahoo.com

Here is What to Know Beyond Why Phillips 66 (PSX) is a Trending Stock

August 31, 2022 | nasdaq.com

These 4 Measures Indicate That Phillips 66 (NYSE:PSX) Is Using Debt Reasonably Well

August 29, 2022 | finance.yahoo.com

Biden’s Latest Move to Lower Gas Prices Could Hurt Refiner Stocks

August 22, 2022 | seekingalpha.com

Phillips 66 Makes A Big Move, But Enbridge Benefits More

August 21, 2022 | americanbankingnews.com

Analysts Set Phillips 66 (NYSE:PSX) PT at $108.29

August 20, 2022 | americanbankingnews.com

Phillips 66 (NYSE:PSX) Sees Large Volume Increase

August 19, 2022 | finance.yahoo.com

Phillips 66 offer for Colorado's DCP Midstream just an opening bid

August 18, 2022 | finance.yahoo.com

DCP Midstream Operating LP -- Moody's changes DCP Midstream's outlook to positive

August 18, 2022 | seekingalpha.com

Phillips 66: DCP Deal Enticing, But Profits May Slip On Bearish Crack Spread Trends

August 18, 2022 | bizjournals.com

Phillips 66 makes buyout offer for Colorado's biggest oil and gas employer

August 18, 2022 | seekingalpha.com

DCP Midstream shoots higher after Phillips 66's buyout offer

August 17, 2022 | apnews.com

Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP

August 17, 2022 | finance.yahoo.com

Phillips 66 Enhances NGL Platform with Wellhead to Market Integration Through Increased Economic Interest in DCP Midstream

August 17, 2022 | seekingalpha.com

Phillips 66 offers to buy DCP Midstream for $34.75/unit

August 17, 2022 | finance.yahoo.com

UPDATE 1-Phillips 66 offers to buy pipeline operator DCP Midstream

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PSX Company Calendar

Last Earnings: 7/29/2022
Ex-Dividend for 9/1 Dividend: 8/17/2022
Dividend Payable: 9/01/2022
Today: 9/08/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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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: 7,110
Year Founded: 1875

Price Target and Rating

Average Stock Price Forecast: $108.29
High Stock Price Forecast: $132.00
Low Stock Price Forecast: $78.00
Forecasted Upside/Downside: +26.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.77
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.61
Trailing P/E Ratio: 7.40
Forward P/E Ratio: 5.36
P/E Growth: 0.44
Net Income: $1.32 billion
Net Margins: 3.59%
Pretax Margin: 4.64%
Return on Equity: 29.60%
Return on Assets: 11.18%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 1.28
Quick Ratio: 1.02

Sales & Book Value

Annual Sales: $114.85 billion
Price / Sales: 0.36
Cash Flow: $9.37 per share
Price / Cash Flow: 9.16
Book Value: $49.39 per share
Price / Book: 1.74

Miscellaneous

Outstanding Shares: 481,050,000
Free Float: 477,491,000
Market Cap: $41.30 billion
Optionable: Optionable
Beta: 1.39

Social Links

Key Executives

Mr. Greg C. Garland (Age 65)
Exec. Chairman
Comp: $6.49M

Mr. Mark E. Lashier (Age 60)
Pres, CEO & Director
Comp: $2.74M

Mr. Kevin J. Mitchell (Age 56)
Exec. VP of Fin. & CFO
Comp: $2.52M

Mr. Timothy D. Roberts (Age 60)
Exec. VP of Midstream
Comp: $2.31M

Ms. Zhanna Golodryga (Age 66)
Sr. VP and Chief Digital & Admin. Officer

Mr. Jeffrey Alan Dietert
VP of Investor Relations

Ms. Vanessa L. Allen Sutherland (Age 50)
Exec. VP of Legal & Gov. Affairs, Gen. Counsel and Corp. Sec.

Ms. Sonya M. Reed (Age 48)
Sr. VP of HR & Corp. Communications

Ms. Pam McGinnis
Pres of Global Marketing Group

Mr. Brian M. Mandell (Age 58)
Exec. VP of Marketing & Commercial

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?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSX shares.
View PSX analyst ratings or view top-rated stocks.
What is Phillips 66's stock price forecast for 2022?: 13 brokerages have issued 1 year price objectives for Phillips 66's shares. Their PSX share price forecasts range from $78.00 to $132.00. On average, they anticipate the company's share price to reach $108.29 in the next twelve months. This suggests a possible upside of 25.3% 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 2022?: Phillips 66's stock was trading at $72.46 on January 1st, 2022. Since then, PSX shares have increased by 19.3% and is now trading at $86.44.
View the best growth stocks for 2022 here.
When is Phillips 66's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our PSX earnings forecast.
How were Phillips 66's earnings last quarter?: Phillips 66 (NYSE:PSX) posted its quarterly earnings data on Friday, July, 29th. The oil and gas company reported $6.77 earnings per share for the quarter, topping the consensus estimate of $5.92 by $0.85. The oil and gas company earned $49.31 billion during the quarter, compared to the consensus estimate of $40.93 billion. Phillips 66 had a trailing twelve-month return on equity of 29.60% and a net margin of 3.59%. The company's revenue for the quarter was up 76.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share.
Read the conference call transcript.
How often does Phillips 66 pay dividends? What is the dividend yield for Phillips 66?: Phillips 66 declared a quarterly dividend on Tuesday, July 12th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.97 per share on Thursday, September 1st. This represents a $3.88 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, August 17th.
Read our dividend analysis for PSX.
Is Phillips 66 a good dividend stock?: Phillips 66 (NYSE:PSX) pays an annual dividend of $3.88 per share and currently has a dividend yield of 4.47%. PSX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSX will have a dividend payout ratio of 35.43% 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 a variety of institutional and retail investors. Top institutional investors include State Street Corp (6.79%), FMR LLC (2.13%), Northern Trust Corp (1.06%), JPMorgan Chase & Co. (0.83%), Legal & General Group Plc (0.80%) and Amundi (0.50%). Insiders that own company stock include Chukwuemeka A Oyolu, Gary Kramer Adams, Greg C Garland, Greg C Garland, John E Lowe, Joseph Scott Pruitt, Paula Ann Johnson, Robert A Herman, 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 $86.44.
How much money does Phillips 66 make?: Phillips 66 (NYSE:PSX) has a market capitalization of $41.58 billion and generates $114.85 billion in revenue each year. The oil and gas company earns $1.32 billion in net income (profit) each year or $11.61 on an earnings per share basis.
How many employees does Phillips 66 have?: The company employs 7,110 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., Colorado Liberty Pipeline LLC, Douglas Oil Company of California, Gray Oak Holdings LLC, Harrogate Investments Limited, JET Energy Trading GmbH, JET Petrol Limited, JET Petroleum Limited, JET Retail UK Limited, JET Tankstellen Austria GmbH, JET Tankstellen Deutschland GmbH (CPGG), KHQ LLC, Kansas City Retail and Convenience LLC, Kayo Oil Company, Kenworth Limited, Linden Urban Renewal Limited Partnership, Merey Sweeny LLC, OK CNG 5 LLC, Phillips 66 Alliance Dock LLC, Phillips 66 Alliance H2PL LLC, Phillips 66 Asia Ltd., Phillips 66 Asia Pacific Investments Ltd., 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 Crude Condensate Pipeline A LLC, Phillips 66 Crude Condensate Pipeline B LLC, Phillips 66 DAPL Holdings LLC, Phillips 66 ETCO Holdings LLC, Phillips 66 European Power Limited, Phillips 66 Export Terminal Alpha LLC, Phillips 66 Export Terminal Bravo LLC, Phillips 66 Export Terminal Charlie LLC, Phillips 66 Export Terminal Delta LLC, Phillips 66 Export Terminal LLC, Phillips 66 Funding Ltd., Phillips 66 GmbH, Phillips 66 Gulf Coast Pipeline LLC, Phillips 66 Gulf Coast Properties Alpha LLC, Phillips 66 Gulf Coast Properties Bravo LLC, Phillips 66 Gulf Coast Properties LLC, Phillips 66 International Holdings Company, Phillips 66 International Inc., 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 Power Holdings Ltd., 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 Sweeny Crude Export LLC, Phillips 66 Sweeny Frac 2 A LLC, Phillips 66 Sweeny Frac 2 B LLC, Phillips 66 Sweeny Frac 2 C LLC, Phillips 66 Sweeny Frac 2 LLC, Phillips 66 Sweeny Frac LLC, Phillips 66 Sweeny-Freeport 2 Pipeline LLC, Phillips 66 Sweeny-Freeport A LLC, Phillips 66 Sweeny-Freeport B LLC, Phillips 66 Sweeny-Freeport LLC, Phillips 66 TS Limited, Phillips 66 Trading 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 Gas Pipeline Company, Phillips Utility Gas Corporation, Pioneer Investments Corp., Pioneer Pipe Line Company, Qingdao Phillips 66 Energy Co. Ltd., R.A.Z. Properties Inc., Radius Insurance Company, SHC Insurance Company, Salt Lake Terminal Company, Seagas Pipeline Company, Sentinel Transportation LLC, Spectrum Corporation, Spirit Insurance Company, Sweeny Cogeneration LLC, Tosco Corporation, WesTTex 66 Pipeline LLC, and West Retail Holdings LLC.
Read More
When was Phillips 66 founded?: Phillips 66 was founded in 1875.
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 9/8/2022 by MarketBeat.com Staff

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Phillips 66 - PSX Stock Forecast, Price & News

Phillips 66 MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows