Zacks Research Forecasts Weaker Earnings for Phillips 66

Phillips 66 (NYSE:PSXFree Report) – Zacks Research decreased their Q3 2025 earnings estimates for shares of Phillips 66 in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $2.71 per share for the quarter, down from their prior forecast of $2.73. The consensus estimate for Phillips 66’s current full-year earnings is $7.56 per share.

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

Other research analysts have also recently issued research reports about the company. UBS Group dropped their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note 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 on the stock in a research note on Monday, September 16th. Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Barclays reduced their price objective on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.23.

Get Our Latest Research Report on Phillips 66

Phillips 66 Price Performance

Shares of PSX stock opened at $122.72 on Monday. The stock has a 50 day moving average price of $129.86 and a 200 day moving average price of $133.81. Phillips 66 has a 52-week low of $119.77 and a 52-week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a market capitalization of $50.68 billion, a P/E ratio of 15.75, a P/E/G ratio of 4.06 and a beta of 1.35.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Monday, November 18th. Phillips 66’s dividend payout ratio is currently 59.05%.

Institutional Trading of Phillips 66

Large investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new stake in Phillips 66 during the second quarter worth about $26,000. nVerses Capital LLC purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at approximately $26,000. Values First Advisors Inc. acquired a new position in Phillips 66 in the third quarter valued at approximately $30,000. Kings Path Partners LLC purchased a new position in Phillips 66 in the second quarter worth approximately $38,000. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in Phillips 66 during the second quarter worth $40,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Company Profile

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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.

Further Reading

Earnings History and Estimates for Phillips 66 (NYSE:PSX)

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