Q3 EPS Estimates for Phillips 66 Decreased by Zacks Research

Phillips 66 (NYSE:PSX - Free Report) - Investment analysts at Zacks Research lowered their Q3 2025 earnings per share estimates for Phillips 66 in a research report issued to clients and investors on Wednesday, April 16th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $1.70 per share for the quarter, down from their previous forecast of $1.71. The consensus estimate for Phillips 66's current full-year earnings is $6.80 per share.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the firm earned $3.09 earnings per share.

A number of other equities analysts have also commented on the stock. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Scotiabank decreased their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Raymond James lowered their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group cut Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Phillips 66 Price Performance

PSX traded down $1.96 during trading on Friday, reaching $97.14. 2,326,588 shares of the company were exchanged, compared to its average volume of 2,891,514. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $159.25. The company's 50-day moving average is $118.36 and its two-hundred day moving average is $122.24.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.20 dividend. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 4.94%. Phillips 66's payout ratio is 93.12%.

Institutional Trading of Phillips 66

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock worth $686,618,000 after purchasing an additional 4,455,220 shares in the last quarter. Norges Bank purchased a new position in Phillips 66 during the fourth quarter valued at $497,648,000. Raymond James Financial Inc. bought a new stake in Phillips 66 in the fourth quarter worth $168,790,000. Capitolis Liquid Global Markets LLC purchased a new stake in shares of Phillips 66 in the fourth quarter worth $142,185,000. Finally, GAMMA Investing LLC increased its holdings in shares of Phillips 66 by 14,119.5% during the first quarter. GAMMA Investing LLC now owns 1,189,606 shares of the oil and gas company's stock valued at $146,893,000 after acquiring an additional 1,181,240 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

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.