Scotiabank Weighs in on Phillips 66 FY2026 Earnings

Phillips 66 (NYSE:PSX) – Investment analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Phillips 66 in a report 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.

PSX has been the subject of several other reports. Piper Sandler set a $144.00 price objective on Phillips 66 in a research report on Thursday, October 17th. UBS Group cut their price objective 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 cut their price target on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Finally, Barclays cut their price target on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.57.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $113.95 on Friday. 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 12 month low of $108.90 and a 12 month high of $174.08. The firm has a market capitalization of $47.06 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The business’s 50 day simple moving average is $123.10 and its 200-day simple moving average is $130.43.

Phillips 66 (NYSE:PSX) last 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 business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.63 EPS.

Institutional Trading of Phillips 66

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its position in Phillips 66 by 7,549.0% during the 3rd 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 during the period. ING Groep NV boosted its position in Phillips 66 by 123.2% during the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company’s stock worth $155,503,000 after purchasing an additional 653,032 shares during the period. Bank of Montreal Can boosted its position in Phillips 66 by 63.4% during the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company’s stock worth $214,120,000 after purchasing an additional 633,970 shares during the period. Mizuho Markets Americas LLC purchased a new stake in Phillips 66 during the 3rd quarter worth $70,983,000. Finally, Canada Pension Plan Investment Board boosted its position in Phillips 66 by 574.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 443,044 shares of the oil and gas company’s stock worth $62,545,000 after purchasing an additional 377,314 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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.