Phillips 66 (PSX) Stock Forecast & Price Target

$128.78 -2.77 (-2.11%)

Closing price 02/21/2025 03:59 PM Eastern

Extended Trading

$129.04 +0.26 (+0.21%)

As of 02/21/2025 07:12 PM Eastern

Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
4

Buy
10

Based on 14 Wall Street analysts who have issued ratings for Phillips 66 in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, and 10 have given a buy rating for PSX.

Consensus Price Target

$148.00
14.93% Upside

According to the 14 analysts' twelve-month price targets for Phillips 66, the average price target is $148.00. The highest price target for PSX is $174.00, while the lowest price target for PSX is $115.00. The average price target represents a forecasted upside of 14.93% from the current price of $128.78.

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PSX Analyst Ratings Over Time

Type	Current Forecast 2/24/24 to 2/23/25	1 Month Ago 1/25/24 to 1/24/25	3 Months Ago 11/26/23 to 11/25/24	1 Year Ago 2/24/23 to 2/24/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$148.00	$147.93	$149.69	$138.21
Forecasted Upside	14.93% Upside	21.43% Upside	12.27% Upside	-6.05% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

PSX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Phillips 66 Stock vs. The Competition

Type	Phillips 66	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.71	2.62	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.93% Upside	2,317.92% Upside	14.35% Upside
News Sentiment Rating	Positive News See Recent PSX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/3/2025	Wells Fargo & Company 3 of 5 stars	Roger Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$161.00 ➝ $162.00	+37.33%
1/13/2025	Barclays 3 of 5 stars	Theresa Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$124.00 ➝ $115.00	-0.07%
1/10/2025	Piper Sandler 2 of 5 stars	R. Todd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/3/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$143.00	+24.99%
12/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$150.00 ➝ $147.00	+24.44%
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$150.00 ➝ $138.00	+12.56%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$156.00	+17.90%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$145.00 ➝ $136.00	-0.48%
10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$160.00 ➝ $141.00	+5.44%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$150.00 ➝ $144.00	+13.88%
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9/11/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$162.00 ➝ $150.00	+18.21%
7/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $155.00	+6.03%
5/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$167.00 ➝ $167.00	+20.85%
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$152.00 ➝ $174.00	+9.22%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
10/30/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$115.00 ➝ $130.00	+17.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:50 AM ET.

Should I Buy Phillips 66 Stock? PSX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, February 19, 2025. Please send any questions or comments about these Phillips 66 pros and cons to contact@marketbeat.com.

Phillips 66
Bull Case

Here are some ways that investors could benefit from investing in Phillips 66:

Phillips 66 has a strong market capitalization of $53.76 billion, indicating a robust financial position and stability in the energy sector.
The company recently announced a quarterly dividend of $1.15, which translates to an annualized dividend yield of 3.59%. This can provide a steady income stream for investors.
As of the latest trading session, the stock price is $130.18, which reflects a potential for growth given its twelve-month high of $174.08.
Institutional investors hold 76.93% of the stock, suggesting strong confidence in the company's future performance and stability.
Phillips 66 operates through four segments—Midstream, Chemicals, Refining, and Marketing and Specialties—diversifying its revenue streams and reducing risk associated with reliance on a single market segment.

Phillips 66
Bear Case

Investors should be bearish about investing in Phillips 66 for these reasons:

The company reported a loss of ($0.15) earnings per share (EPS) in its latest quarterly results, missing the consensus estimate significantly, which may raise concerns about its profitability.
Phillips 66 has a relatively high dividend payout ratio of 93.12%, which could indicate that the company is returning most of its earnings to shareholders, potentially limiting funds available for reinvestment in growth opportunities.
The stock has experienced volatility, with a beta of 1.37, suggesting that it is more volatile than the market, which could pose risks for conservative investors.
Recent price target adjustments by analysts, including reductions from firms like Barclays and Mizuho, may indicate a bearish outlook on the stock's short-term performance.
The company has a net margin of only 1.46%, which is relatively low and may suggest challenges in maintaining profitability in a competitive market.

PSX Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Phillips 66 is $148.00, with a high forecast of $174.00 and a low forecast of $115.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSX shares.
: According to analysts, Phillips 66's stock has a predicted upside of 14.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Phillips 66's stock had 1 upgrade and 1 downgrade by analysts.
: Phillips 66 has been rated by research analysts at Barclays, Mizuho, Piper Sandler, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Phillips 66 more than other "oils/energy" companies. The consensus rating score for Phillips 66 is 2.71 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how PSX compares to other companies.

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This page (NYSE:PSX) was last updated on 2/23/2025 by MarketBeat.com Staff

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Phillips 66 (PSX) Stock Forecast & Price Target