Zacks Research Decreases Earnings Estimates for Phillips 66

Phillips 66 (NYSE:PSX) – Analysts at Zacks Research decreased their Q2 2025 earnings per share (EPS) estimates for shares of Phillips 66 in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $3.02 per share for the quarter, down from their previous estimate of $3.33. The consensus estimate for Phillips 66’s current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Phillips 66’s Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $9.77 EPS and Q3 2026 earnings at $3.14 EPS.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.63 EPS.

PSX has been the topic of several other reports. TD Cowen lowered their target price on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Raymond James increased their target price on Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays lowered their price target 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. Finally, Wells Fargo & Company reduced their price objective on Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $149.69.

Phillips 66 Stock Up 0.4 %

Shares of PSX stock opened at $131.41 on Wednesday. The stock has a market cap of $54.27 billion, a P/E ratio of 16.87, a P/E/G ratio of 4.29 and a beta of 1.33. Phillips 66 has a twelve month low of $114.94 and a twelve month high of $174.08. The stock has a 50 day moving average of $130.03 and a 200 day moving average of $135.52. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s payout ratio is 59.05%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in Phillips 66 by 22.5% in the first quarter. Bessemer Group Inc. now owns 54,212 shares of the oil and gas company’s stock valued at $8,856,000 after purchasing an additional 9,954 shares during the period. Lake Street Advisors Group LLC raised its stake in Phillips 66 by 36.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,228 shares of the oil and gas company’s stock worth $527,000 after acquiring an additional 863 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Phillips 66 by 0.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 239,211 shares of the oil and gas company’s stock valued at $39,114,000 after acquiring an additional 1,376 shares during the last quarter. Crewe Advisors LLC acquired a new position in Phillips 66 in the first quarter valued at $25,000. Finally, CreativeOne Wealth LLC boosted its position in shares of Phillips 66 by 51.5% in the 1st quarter. CreativeOne Wealth LLC now owns 3,209 shares of the oil and gas company’s stock valued at $524,000 after purchasing an additional 1,091 shares during the period. Hedge funds and other institutional investors 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.