Phillips 66 (NYSE:PSX) Rating Increased to Strong-Buy at Tudor Pickering

Phillips 66 (NYSE:PSX) was upgraded by stock analysts at Tudor Pickering from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on PSX. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $163.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. TD Cowen raised their price objective on shares of Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Barclays raised their price objective on shares of Phillips 66 from $158.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Wolfe Research lifted their target price on shares of Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Scotiabank lifted their target price on shares of Phillips 66 from $140.00 to $151.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.17.

Phillips 66 Price Performance

Phillips 66 stock opened at $179.32 on Thursday. The firm has a market cap of $71.86 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. Phillips 66 has a 52-week low of $103.35 and a 52-week high of $190.61. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $167.69 and its two-hundred day moving average is $149.00.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 11.04%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.90) EPS. On average, research analysts expect that Phillips 66 will post 15.47 EPS for the current fiscal year.

Insider Buying and Selling at Phillips 66

In other news, Director Kevin Omar Meyers acquired 175 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average price of $173.20 per share, with a total value of $30,310.00. Following the completion of the transaction, the director directly owned 16,624 shares in the company, valued at approximately $2,879,276.80. This represents a 1.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Mandell sold 42,800 shares of Phillips 66 stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the sale, the executive vice president directly owned 61,595 shares of the company’s stock, valued at approximately $10,442,200.35. This represents a 41.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,923 shares of company stock valued at $16,399,619. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Phillips 66

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clifford Group LLC boosted its stake in shares of Phillips 66 by 2.0% in the fourth quarter. Clifford Group LLC now owns 3,315 shares of the oil and gas company’s stock valued at $428,000 after purchasing an additional 64 shares during the period. CYBER HORNET ETFs LLC raised its holdings in shares of Phillips 66 by 5.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock worth $158,000 after purchasing an additional 66 shares during the period. L2 Asset Management LLC raised its holdings in shares of Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 72 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Phillips 66 by 2.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock worth $414,000 after purchasing an additional 72 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in shares of Phillips 66 by 11.9% during the fourth quarter. Johnson Financial Group Inc. now owns 679 shares of the oil and gas company’s stock worth $88,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 News Summary

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Q1 surprise profit and earnings upside driven by stronger realized refining margins and higher throughput — market is rewarding the operating improvement. Phillips 66 Beats Q1 Estimates
• Positive Sentiment: Refinery utilization and capacity expansion support near-term earnings: company said it’s running refineries in the low?to?mid?90% range and highlighted midstream/export expansions that improve placement optionality and margins. Phillips 66 running refineries in low- mid-90 range
• Positive Sentiment: Industry tailwinds: U.S. gasoline prices have jumped to multi?year highs and peer refiners (e.g., Valero) are reporting big crack?spread gains — a favorable backdrop for Phillips 66’s refining margins. Gasoline Hits 4-Year High
• Neutral Sentiment: Corporate finance update: management reiterated a target to reduce debt to ~$17B by year?end 2027 — a positive long?term signal but one that may involve near?term cash allocation decisions. Phillips 66 targets $17B debt by year-end 2027
• Negative Sentiment: Significant mark?to?market derivative losses materially depressed GAAP EPS (management noted large pre?tax losses tied to a net short hedging position), creating earnings volatility and a gap between operating performance and reported results. Phillips 66 Q1 2026 Earnings Call Highlights

About Phillips 66

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.