Phillips 66 (PSX) Stock Forecast & Price Target

$134.24 +0.97 (+0.73%)

(As of 11/26/2024 ET)

Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2024)

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 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 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 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for PSX.

Consensus Price Target

$149.69
11.51% Upside

According to the 15 analysts' twelve-month price targets for Phillips 66, the average price target is $149.69. The highest price target for PSX is $174.00, while the lowest price target for PSX is $124.00. The average price target represents a forecasted upside of 11.51% from the current price of $134.25.

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PSX Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$149.69	$149.50	$157.38	$132.50
Forecasted Upside	11.51% Upside	16.64% Upside	16.61% Upside	11.97% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.73	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.27% Upside	1,546.28% Upside	6.38% 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
11/11/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$133.00 ➝ $124.00	-2.10%
11/4/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$150.00 ➝ $138.00	+12.56%
10/17/2024	Piper Sandler 2 of 5 stars	Ryan Todd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$144.00	+8.57%
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%
10/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$182.00 ➝ $167.00	+25.13%
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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%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$154.00 ➝ $150.00	+18.13%
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%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Peer Perform
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%
2/8/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$130.00 ➝ $132.00	+29.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:28 PM 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 Monday, November 25, 2024. 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 recently reported earnings per share (EPS) of $2.04, exceeding analysts' expectations of $1.63, indicating strong financial performance and effective management.
The current stock price is $131.90, reflecting a stable market position and potential for growth, especially given the company's market capitalization of approximately $54.47 billion.
Analysts have assigned an average recommendation of "Moderate Buy" for Phillips 66, with a twelve-month price target of $149.69, suggesting potential upside for investors.
Institutional investors own 76.93% of Phillips 66's stock, indicating strong confidence from large financial entities in the company's future prospects.
Recent increases in holdings by firms like Mizuho Securities USA LLC, which raised its position by 7,549.0%, demonstrate growing institutional interest and confidence in the company's growth potential.

Phillips 66
Bear Case

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

The company experienced a 10.3% decline in quarterly revenue compared to the same period last year, which may raise concerns about its ability to maintain growth.
Several analysts have recently lowered their price targets for Phillips 66, with firms like Wells Fargo reducing their target from $182.00 to $167.00, indicating a cautious outlook.
Phillips 66 has a relatively high price-to-earnings (P/E) ratio of 16.93, which could suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
The company's net margin of 2.24% is relatively low, which may indicate challenges in profitability and efficiency compared to competitors.
With a beta of 1.33, Phillips 66's stock is more volatile than the market, which could pose risks for investors seeking stability in their portfolios.

PSX Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Phillips 66 is $149.69, with a high forecast of $174.00 and a low forecast of $124.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSX shares.
: According to analysts, Phillips 66's stock has a predicted upside of 11.51% based on their 12-month stock forecasts.
: Phillips 66 has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Phillips 66 more than other "oils/energy" companies. The consensus rating score for Phillips 66 is 2.73 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how PSX compares to other companies.

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This page (NYSE:PSX) was last updated on 11/26/2024 by MarketBeat.com Staff

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Phillips 66 (PSX) Stock Forecast & Price Target