Zacks Research Reduces Earnings Estimates for Phillips 66

Phillips 66 (NYSE:PSX - Free Report) - Equities researchers at Zacks Research decreased their Q2 2025 EPS estimates for shares of Phillips 66 in a research report issued to clients and investors on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of $3.02 per share for the quarter, down from their previous estimate of $3.33. The consensus estimate for Phillips 66's current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Phillips 66's Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $9.77 EPS and Q3 2026 earnings at $3.14 EPS.

Other research analysts also recently issued research reports about the stock. Scotiabank decreased their price target on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Piper Sandler set a $144.00 price objective on shares of Phillips 66 in a research report on Thursday, October 17th. TD Cowen reduced their target price on Phillips 66 from $162.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Finally, Morgan Stanley lowered their price target on Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of "Moderate Buy" and an average price target of $149.69.

Phillips 66 Trading Down 0.3 %

Shares of PSX traded down $0.34 during mid-day trading on Wednesday, reaching $130.60. The stock had a trading volume of 767,824 shares, compared to its average volume of 2,651,891. The business's fifty day moving average is $129.90 and its 200 day moving average is $135.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 52-week low of $114.94 and a 52-week high of $174.08. The firm has a market cap of $53.94 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 4.29 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Phillips 66's revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.63 EPS.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.52%. Phillips 66's dividend payout ratio (DPR) is presently 59.05%.

Institutional Trading of Phillips 66

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. grew its position in Phillips 66 by 22.5% during the 1st quarter. Bessemer Group Inc. now owns 54,212 shares of the oil and gas company's stock worth $8,856,000 after acquiring an additional 9,954 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in Phillips 66 by 36.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,228 shares of the oil and gas company's stock worth $527,000 after buying an additional 863 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Phillips 66 by 0.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 239,211 shares of the oil and gas company's stock worth $39,114,000 after buying an additional 1,376 shares during the period. Crewe Advisors LLC acquired a new position in Phillips 66 during the 1st quarter worth approximately $25,000. Finally, CreativeOne Wealth LLC raised its stake in shares of Phillips 66 by 51.5% in the first quarter. CreativeOne Wealth LLC now owns 3,209 shares of the oil and gas company's stock worth $524,000 after purchasing an additional 1,091 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

About Phillips 66

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.