Q3 EPS Estimates for Phillips 66 Decreased by Zacks Research

Phillips 66 (NYSE:PSX) – Research analysts at Zacks Research cut their Q3 2025 EPS estimates for shares of Phillips 66 in a research report issued to clients and investors on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $2.71 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:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Phillips 66’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted $4.63 EPS.

Other research analysts also recently issued reports about the company. Barclays lowered their price objective on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. TD Cowen dropped their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Mizuho decreased their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Piper Sandler set a $144.00 target price on Phillips 66 in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.00.

Phillips 66 Trading Down 0.4 %

Shares of Phillips 66 stock opened at $115.80 on Monday. The stock has a market cap of $47.82 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 4.06 and a beta of 1.35. The firm has a fifty day moving average price of $129.09 and a 200 day moving average price of $133.47. Phillips 66 has a 1 year low of $114.41 and a 1 year high of $174.08. 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 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 3.97%. The ex-dividend date was Monday, November 18th. Phillips 66’s dividend payout ratio is currently 59.05%.

Hedge Funds Weigh In On Phillips 66

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in Phillips 66 by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,422,720 shares of the oil and gas company’s stock valued at $1,189,035,000 after buying an additional 402,925 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Phillips 66 by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 3,699,370 shares of the oil and gas company’s stock valued at $522,240,000 after acquiring an additional 18,238 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Phillips 66 by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,643,264 shares of the oil and gas company’s stock valued at $514,253,000 after purchasing an additional 111,261 shares during the period. Charles Schwab Investment Management Inc. increased its position in Phillips 66 by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,887 shares of the oil and gas company’s stock worth $381,453,000 after purchasing an additional 16,941 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Phillips 66 by 2.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,813,579 shares of the oil and gas company’s stock worth $397,193,000 after purchasing an additional 79,301 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

About Phillips 66

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.