Phillips 66 (PSX) Stock Price, News & Analysis

Company Overview

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. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $109.96 to $112.05
• 50-Day Range: $110.35 to $136.43
• 52-Week Range: $109.39 to $174.08
• Volume: 8.18 million shs
• Average Volume: 2.70 million shs
• Market Capitalization: $45.58 billion
• P/E Ratio: 14.17
• Dividend Yield: 4.17%
• Price Target: $149.00
• Consensus Rating: Moderate Buy

Phillips 66 Stock Analysis - MarketRank™

Phillips 66 scored higher than 97% of companies evaluated by MarketBeat, and ranked 9th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Phillips 66 has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Phillips 66 has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 23.81%

Earnings Growth

Earnings for Phillips 66 are expected to grow by 23.81% in the coming year, from $7.56 to $9.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Phillips 66 is 14.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Phillips 66 is 14.17, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.18.

Price to Earnings Growth Ratio

Phillips 66 has a PEG Ratio of 4.06. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Phillips 66 has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.75% of the float of Phillips 66 has been sold short.

Short Interest Ratio / Days to Cover

Phillips 66 has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phillips 66 has recently increased by 0.42%, indicating that investor sentiment is decreasing.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Phillips 66 is a leading dividend payer. It pays a dividend yield of 4.17%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Phillips 66 has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Phillips 66 is 59.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Phillips 66 will have a dividend payout ratio of 49.15% next year. This indicates that Phillips 66 will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.56

Percentage of Shares Shorted

1.75% of the float of Phillips 66 has been sold short.

Short Interest Ratio / Days to Cover

Phillips 66 has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phillips 66 has recently increased by 0.42%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.28

News Sentiment

Phillips 66 has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 31 news articles for Phillips 66 this week, compared to 15 articles on an average week.

Search Interest

Only 20 people have searched for PSX on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added Phillips 66 to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Phillips 66 insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.22% of the stock of Phillips 66 is held by insiders.

Percentage Held by Institutions

76.93% of the stock of Phillips 66 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSX Stock Analysis - Frequently Asked Questions

How have PSX shares performed this year?

Phillips 66's stock was trading at $133.14 at the start of the year. Since then, PSX shares have decreased by 17.1% and is now trading at $110.37.
View the best growth stocks for 2024 here.

How were Phillips 66's earnings last quarter?

Phillips 66 (NYSE:PSX) announced its quarterly earnings results on Tuesday, October, 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. The company's revenue was down 10.3% compared to the same quarter last year.
Read the conference call transcript.

Does Phillips 66 have any subsidiaries?

The following companies are subsidiaries of Phillips 66: Spectrum Corporation, Tosco Corporation, Asamera Oil (US) Inc., Central Retail Holdings LLC, C.S. Land Inc., Douglas Oil Company of California, eFUEL LLC, and more.

Who are Phillips 66's major shareholders?

Top institutional investors of Phillips 66 include State Street Corp (6.74%), Geode Capital Management LLC (2.05%), Barclays PLC (1.69%) and Wellington Management Group LLP (1.01%). Insiders that own company stock include Greg C Garland, Paula Ann Johnson, Kevin J Mitchell, Robert A Herman, Timothy D Roberts, Vanessa Allen Sutherland, Brian Mandell, Richard G Harbison, Zhanna Golodryga, Gregory Hayes, Joseph Scott Pruitt and Robert W Pease.
View institutional ownership trends.

How do I buy shares of Phillips 66?

Shares of PSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Phillips 66 own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Phillips 66 investors own include Chevron (CVX), NVIDIA (NVDA), Bristol-Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Charles Schwab (SCHW) and Meta Platforms (META).

Company Calendar

• Last Earnings: 10/29/2024
• Ex-Dividend for 12/2 Dividend: 11/18/2024
• Dividend Payable: 12/02/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Petroleum refining
• Sub-Industry: Oil & Gas Refining & Marketing
• Current Symbol: NYSE:PSX
• CUSIP: 71854610
• CIK: 1534701
• Web: www.phillips66.com
• Phone: (281) 293-6600
• Fax: 302-636-5454
• Employees: 14,000
• Year Founded: 1875

Price Target and Rating

• Average Stock Price Target: $149.00
• High Stock Price Target: $174.00
• Low Stock Price Target: $124.00
• Potential Upside/Downside: +35.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.79
• Trailing P/E Ratio: 14.17
• Forward P/E Ratio: 14.60
• P/E Growth: 4.06
• Net Income: $7.02 billion
• Net Margins: 2.24%
• Pretax Margin: 2.96%
• Return on Equity: 13.12%
• Return on Assets: 5.32%

Debt

• Debt-to-Equity Ratio: 0.62
• Current Ratio: 1.21
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $147.74 billion
• Price / Sales: 0.31
• Cash Flow: $18.74 per share
• Price / Cash Flow: 5.89
• Book Value: $71.94 per share
• Price / Book: 1.53

Miscellaneous

• Outstanding Shares: 412,989,000
• Free Float: 412,080,000
• Market Cap: $45.58 billion
• Optionable: Optionable
• Beta: 1.35