Scotiabank Predicts Phillips 66 FY2026 Earnings

Phillips 66 (NYSE:PSX - Free Report) - Stock analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Phillips 66 in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the oil and gas company will post earnings of $13.20 per share for the year. Scotiabank has a "Sector Outperform" rating and a $136.00 price objective on the stock. The consensus estimate for Phillips 66's current full-year earnings is $7.56 per share.

Several other equities research analysts have also issued reports on PSX. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. UBS Group reduced their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Morgan Stanley lowered their price objective 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. Piper Sandler set a $144.00 price objective on Phillips 66 in a research note on Thursday, October 17th. Finally, Barclays cut their price objective on Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $148.57.

Phillips 66 Stock Down 2.0 %

PSX stock traded down $2.30 during trading hours on Friday, hitting $113.95. The company's stock had a trading volume of 4,525,787 shares, compared to its average volume of 2,833,011. The stock has a 50 day moving average price of $123.10 and a two-hundred day moving average price of $130.50. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market capitalization of $47.06 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

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, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion for the quarter, compared to analysts' expectations of $36.31 billion. During the same quarter in the previous year, the business posted $4.63 EPS. The business's revenue for the quarter was down 10.3% on a year-over-year basis.

Institutional Trading of Phillips 66

Several institutional investors have recently modified their holdings of PSX. Mizuho Securities USA LLC boosted its stake in Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock worth $328,625,000 after purchasing an additional 2,467,316 shares in the last quarter. ING Groep NV raised its position in shares of Phillips 66 by 123.2% during the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after acquiring an additional 653,032 shares during the last quarter. Bank of Montreal Can raised its position in shares of Phillips 66 by 63.4% during the third quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock worth $214,120,000 after acquiring an additional 633,970 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Phillips 66 during the third quarter worth $70,983,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Phillips 66 by 574.0% during the second quarter. Canada Pension Plan Investment Board now owns 443,044 shares of the oil and gas company's stock worth $62,545,000 after acquiring an additional 377,314 shares during the last quarter. 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.