Phillips 66 (PSX)

US — Energy Sector
Peers: MPC  DINO  PBF  SUN  VLO  CVI  DK  DKL  CAPL 

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Key Metrics & Ratings

  • symbol PSX
  • Rev/Share 336.6302
  • Book/Share 69.2919
  • PB 1.7399
  • Debt/Equity 0.6894
  • CurrentRatio 1.2282
  • ROIC 0.0075

 

  • MktCap 47250468890.0
  • FreeCF/Share 7.2339
  • PFCF 15.963
  • PE 25.5673
  • Debt/Assets 0.2617
  • DivYield 0.0401
  • ROE 0.0658

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated PSX TD Cowen -- Buy $114 $120 May 13, 2025
Reiterated PSX TD Cowen -- Buy $127 $114 April 28, 2025
Downgrade PSX Goldman Buy Neutral -- $132 March 27, 2025
Upgrade PSX Wolfe Research Peer Perform Outperform -- $143 Jan. 3, 2025
Resumed PSX BofA Securities -- Buy -- $156 Oct. 17, 2024
Reiterated PSX TD Cowen -- Buy $162 $150 Sept. 11, 2024

News

Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
PSX
Published: April 04, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX focuses more on businesses like midstream, renewables and chemicals, which stabilizes the company???s business model.

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image for news Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
Phillips 66 (PSX) Stock Sinks As Market Gains: Here's Why
PSX
Published: April 02, 2025 by: Zacks Investment Research
Sentiment: Negative

The latest trading day saw Phillips 66 (PSX) settling at $124.06, representing a -0.23% change from its previous close.

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image for news Phillips 66 (PSX) Stock Sinks As Market Gains: Here's Why
Goldman Sachs Shifts Oil Sector Outlook: Par Pacific Set For Rebound, Phillips 66 Faces Challenges
PSX
Published: March 27, 2025 by: Benzinga
Sentiment: Neutral

Goldman Sachs analyst Neil Mehta revised the rating and updated estimates on Thursday for several major American oil companies.

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image for news Goldman Sachs Shifts Oil Sector Outlook: Par Pacific Set For Rebound, Phillips 66 Faces Challenges
Elliott Management Applies Pressure With Phillips 66 Board Fight
PSX
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Neutral

Phillips 66 has underperformed compared to peers, with chronic issues in its Refining Segment and large investments in underperforming global pet-chem plants. Earlier this month, activist investor Elliott Management nominated seven directors to PSX's board and is lobbying to spin-off PSX's Midstream Segment to unlock shareholder value. PSX's Midstream Segment has shown strong growth and is its most consistent well-performing segment, enabling robust dividend growth since going public.

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image for news Elliott Management Applies Pressure With Phillips 66 Board Fight
Phillips 66 Nominates Two Directors as Battle With Activist Investor Elliott Continues
PSX
Published: March 26, 2025 by: Investopedia
Sentiment: Neutral

Oil refiner Phillips 66 (PSX) said Wednesday it is nominating two new directors to its board, as its proxy fight with activist Elliott Investment Management continues.

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image for news Phillips 66 Nominates Two Directors as Battle With Activist Investor Elliott Continues
Elliott Announces Director Candidates for the Board of Phillips 66
PSX
Published: March 04, 2025 by: PRNewsWire
Sentiment: Neutral

Elliott Has Nominated Seven Highly Qualified Candidates with Best-in-Class Experience in Refining and Midstream Operations, Capital Allocation, and Complex Transactions Files Preliminary Proxy and Submits Proposal to Annually Elect All Directors Full Materials Available at Streamline66.com WEST PALM BEACH, Fla. , March 4, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Announces Director Candidates for the Board of Phillips 66
Phillips 66: Ignore Elliott Management
PSX
Published: February 25, 2025 by: Seeking Alpha
Sentiment: Positive

Phillips 66 has seen strong pressure from Elliott Management, which has become a top 5 shareholder advocating for a breakup. The company has an impressive and growing dividend yield along with a commitment to share repurchases. The midstream business helps to protect the company from volatility while providing strong shareholder returns, making it a valuable investment.

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image for news Phillips 66: Ignore Elliott Management
Phillips 66 Secures Lease on New Floating Storage in Singapore
PSX
Published: February 21, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX has leased a new floating storage vessel in Singapore, expanding its fuel oil capacity in one of Asia's key bunkering hubs. The move strengthens its trading flexibility in the region.

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image for news Phillips 66 Secures Lease on New Floating Storage in Singapore
EQNR vs. PSX: Which Stock Is the Better Value Option?
EQNR, PSX
Published: February 14, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors interested in stocks from the Oil and Gas - Refining and Marketing sector have probably already heard of Equinor (EQNR) and Phillips 66 (PSX). But which of these two stocks offers value investors a better bang for their buck right now?

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image for news EQNR vs. PSX: Which Stock Is the Better Value Option?
My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%
ARCC, CVX, IBDRY, MO, PEP, PNC, PSX, QSR, VOO, VZ, ZURVY
Published: February 13, 2025 by: Seeking Alpha
Sentiment: Positive

Implementing a high dividend yield strategy can provide substantial income and stability during market volatility, supporting long-term investment goals without selling during declines. The selected 10 companies offer Dividend Yields [FWD] between 3.22% and 8.06%, with attractive Dividend Growth Rates and appealing valuations, enhancing portfolio sustainability. Each company exhibits a P/E [FWD] Ratio below 20, which reflects their attractive valuation.

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image for news My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%
Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
PSX
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX aims to significantly lower refining costs over the next two years, driven by the Los Angeles Refinery shutdown and strategic efficiency improvements.

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image for news Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
Elliott Sends Letter and Presentation to the Board of Phillips 66
PSX
Published: February 11, 2025 by: PRNewsWire
Sentiment: Neutral

Highlights Need to Streamline Portfolio, Improve Operating Performance and Enhance Oversight Discloses a More Than $2.5 Billion Position Full Letter and Presentation Available at Streamline66.com WEST PALM BEACH, Fla. , Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Sends Letter and Presentation to the Board of Phillips 66
Activist Elliott Management ramps up stake in Phillips 66 to $2.5 billion
PSX
Published: February 11, 2025 by: CNBC Television
Sentiment: Positive

CNBC's Andrew Ross Sorkin reports on the latest news.

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image for news Activist Elliott Management ramps up stake in Phillips 66 to $2.5 billion
Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
PSX
Published: February 11, 2025 by: Market Watch
Sentiment: Positive

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.

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image for news Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
Activist Elliott builds over $2.5 billion stake in Phillips 66, WSJ reports
PSX
Published: February 10, 2025 by: Reuters
Sentiment: Positive

Activist Elliott Investment Management has built an over $2.5 billion stake in Phillips 66 and plans to push the oil refiner to consider operational changes to boost its stock price, the Wall Street Journal reported on Monday.

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image for news Activist Elliott builds over $2.5 billion stake in Phillips 66, WSJ reports

About Phillips 66 (PSX)

  • IPO Date 2012-04-12
  • Website https://www.phillips66.com
  • Industry Oil & Gas Refining & Marketing
  • CEO Mr. Mark E. Lashier
  • Employees 13200

Phillips 66 operates as an energy manufacturing and logistics company. 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 fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.