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Phillips 66 (PSX) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PSX Stock Forecast

Phillips 66 stock forecast is as follows: an average price target of $153.33 (represents a 37.07% upside from PSX’s last price of $111.86) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

PSX Price Target

The average price target for Phillips 66 (PSX) is $153.33 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $144.00. This represents a potential 37.07% upside from PSX's last price of $111.86.

PSX Analyst Ratings

Buy

According to 12 Wall Street analysts, Phillips 66's rating consensus is 'Buy'. The analyst rating breakdown for PSX stock is 0 'Strong Buy' (0.00%), 10 'Buy' (83.33%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Phillips 66 Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Ryan ToddPiper Sandler$144.00$132.318.84%28.73%
Oct 17, 2024Jean Ann SalisburyBank of America Securities$156.00$132.3117.90%39.46%
Jun 20, 2024Nitin KumarMizuho Securities$160.00$135.8517.78%43.04%
May 14, 2024Ryan ToddPiper Sandler$170.00$143.6618.34%51.98%
Apr 12, 2024Nitin KumarMizuho Securities$162.00$165.41-2.06%44.82%
Apr 08, 2024Roger ReadWells Fargo$179.00$170.754.83%60.02%
Apr 05, 2024Ryan ToddPiper Sandler$187.00$170.689.56%67.17%
Jan 10, 2024Justin JenkinsRaymond James$140.00$133.215.10%25.16%
Feb 08, 2023RBC Capital$132.00$102.0629.34%18.00%
Jan 13, 2023Raymond James$135.00$102.0932.24%20.69%
Jan 05, 2023Wells Fargo$127.00$102.1824.29%13.53%
Dec 19, 2022Piper Sandler$137.00$100.6436.13%22.47%
Dec 13, 2022John FreemanRaymond James$48.00$102.07-52.97%-57.09%
Nov 10, 2022RBC Capital$131.00$106.2423.31%17.11%
Jun 21, 2022Neil MehtaGoldman Sachs$109.00$90.5120.43%-2.56%
May 03, 2022RBC Capital$106.00$89.9417.86%-5.24%
May 02, 2022Wells Fargo$114.00$86.7631.40%1.91%
May 02, 2022Raymond James$107.00$86.7623.33%-4.34%
Apr 21, 2022Wells Fargo$103.00$88.8715.90%-7.92%
Apr 18, 2022Ryan ToddPiper Sandler$119.00$87.1636.53%6.38%
Dec 28, 2021Jason GabelmanCowen & Co.$78.00$73.156.63%-30.27%
Oct 19, 2021Doug LeggateBank of America Securities$102.00$80.9526.00%-8.81%
Oct 06, 2021Prashant RaoCitigroup$80.00$76.664.36%-28.48%
May 12, 2021Manav GuptaCredit Suisse$95.00$81.5416.51%-15.07%

The latest Phillips 66 stock forecast, released on Oct 17, 2024 by Ryan Todd from Piper Sandler, set a price target of $144.00, which represents a 8.84% increase from the stock price at the time of the forecast ($132.31), and a 28.73% increase from PSX last price ($111.86).

Phillips 66 Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$150.00$162.25
Last Closing Price$111.86$111.86$111.86
Upside/Downside-100.00%34.10%45.05%

In the current month, the average price target of Phillips 66 stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Phillips 66's last price of $111.86. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Piper SandlerOverweightOverweightHold
Oct 08, 2024Wells FargoOverweightOverweightHold
Sep 20, 2024Piper SandlerOverweightOverweightHold
Sep 11, 2024Cowen & Co.BuyBuyHold
Aug 05, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 31, 2024ScotiabankUnderperformUnderperformHold
Jul 31, 2024Wells FargoBuyBuyHold
Jul 31, 2024Raymond JamesOutperformOutperformHold
Jul 31, 2024Cowen & Co.BuyBuyHold
Jul 17, 2024Wolfe ResearchOutperformPeer PerformInitialise
Jul 09, 2024Wells FargoOverweightOverweightHold
Jul 09, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 01, 2024ScotiabankUnderperformUnderperformHold
Jun 14, 2024Wells FargoBuyBuyHold
Jun 14, 2024Cowen & Co.BuyBuyHold
Jun 11, 2024Goldman SachsBuyBuyHold
May 14, 2024Piper SandlerOverweightOverweightHold
Apr 18, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 12, 2024NeedhamNeutralNeutralHold
Apr 08, 2024Wells FargoOverweightOverweightHold
Apr 05, 2024Morgan StanleyOverweightOverweightHold
Apr 05, 2024WedbushOutperformOutperformHold
Apr 05, 2024Pivotal ResearchBuyBuyHold
Apr 05, 2024Piper SandlerOverweightOverweightHold
Mar 15, 2024Piper SandlerNeutralNeutralHold
Feb 01, 2024Wells FargoOverweightOverweightHold
Feb 01, 2024Raymond JamesOutperformOutperformHold
Jan 10, 2024Raymond JamesOutperformOutperformHold
Oct 31, 2023Wolfe ResearchOutperformUpgrade
Oct 30, 2023Tudor PickeringBuyUpgrade
Jun 07, 2023Raymond JamesOutperformOutperformHold
Jun 01, 2023Cowen & Co.OutperformUpgrade
Mar 08, 2023Wells FargoOverweightOverweightHold
Feb 08, 2023RBC CapitalOutperformOutperformHold
Jan 13, 2023Raymond JamesOutperformOutperformHold
Jan 05, 2023Wells FargoOverweightOverweightHold
Dec 19, 2022Piper SandlerOverweightOverweightHold
Dec 13, 2022Raymond JamesStrong BuyStrong BuyHold
Jul 29, 2022Goldman SachsConviction BuyConviction BuyHold
Jun 21, 2022Goldman SachsConviction BuyConviction BuyHold
May 02, 2022Wells FargoOverweightOverweightHold
May 02, 2022Raymond JamesOutperformOutperformHold
Apr 18, 2022Piper SandlerOverweightOverweightHold

Phillips 66's last stock rating was published by Piper Sandler on Oct 17, 2024. The company gave PSX a "Overweight" rating, the same as its previous rate.

Phillips 66 Financial Forecast

Phillips 66 Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$39.64B$35.74B$34.40B$40.28B$44.95B$48.58B$36.18B$32.60B$30.24B$27.00B$21.63B$16.41B$15.93B
Avg Forecast$61.18B$58.67B$56.27B$53.97B$35.42B$35.21B$36.61B$34.67B$33.24B$34.01B$34.06B$32.87B$34.27B$36.99B$37.79B$35.87B$38.89B$41.22B$37.66B$37.17B$39.23B$39.35B$43.56B$36.61B$28.56B$27.08B$22.88B$18.57B$16.11B$17.04B
High Forecast$78.04B$74.85B$71.78B$68.84B$45.18B$44.91B$46.70B$44.23B$42.40B$43.39B$43.45B$37.42B$38.22B$37.33B$37.79B$35.87B$40.30B$48.78B$48.04B$47.42B$50.05B$39.35B$43.56B$36.61B$28.56B$27.08B$22.88B$18.57B$16.11B$17.04B
Low Forecast$48.12B$46.15B$44.26B$42.45B$27.86B$27.69B$28.80B$27.27B$26.14B$26.75B$26.79B$25.68B$26.87B$36.66B$37.79B$35.87B$37.89B$35.54B$29.62B$29.24B$30.86B$39.35B$43.56B$36.61B$28.56B$27.08B$22.88B$18.57B$16.11B$17.04B
# Analysts222222221114542246334444333334
Surprise %-----------------0.96%0.95%0.93%1.03%1.14%1.12%0.99%1.14%1.12%1.18%1.16%1.02%0.94%

Phillips 66's average Quarter revenue forecast for Dec 23 based on 4 analysts is $38.89B, with a low forecast of $37.89B, and a high forecast of $40.30B. PSX's average Quarter revenue forecast represents a -1.91% decrease compared to the company's last Quarter revenue of $39.64B (Sep 23).

Phillips 66 EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114542246334444333334
EBITDA-----------------$3.42B$2.97B$3.32B$688.00M$7.75B$4.63B$1.30B$2.20B$880.00M$871.00M$-278.00M$-234.00M$-933.00M
Avg Forecast$2.78B$2.67B$2.56B$2.45B$1.61B$1.60B$1.66B$1.58B$1.51B$1.55B$1.55B$1.49B$1.56B$1.68B$1.72B$1.37B$1.77B$1.87B$1.71B$1.24B$1.31B$2.22B$2.45B$1.13B$1.61B$1.53B$1.29B$-325.66M$907.60M$959.82M
High Forecast$3.55B$3.40B$3.26B$3.13B$2.05B$2.04B$2.12B$2.01B$1.93B$1.97B$1.97B$1.70B$1.74B$1.70B$1.72B$1.64B$1.83B$2.22B$2.18B$1.49B$1.57B$2.22B$2.45B$1.36B$1.61B$1.53B$1.29B$-260.53M$907.60M$959.82M
Low Forecast$2.19B$2.10B$2.01B$1.93B$1.27B$1.26B$1.31B$1.24B$1.19B$1.22B$1.22B$1.17B$1.22B$1.67B$1.72B$1.09B$1.72B$1.62B$1.35B$995.29M$1.05B$2.22B$2.45B$904.81M$1.61B$1.53B$1.29B$-390.79M$907.60M$959.82M
Surprise %-----------------1.82%1.73%2.67%0.53%3.50%1.89%1.15%1.37%0.58%0.68%0.85%-0.26%-0.97%

4 analysts predict PSX's average Quarter EBITDA for Dec 23 to be $1.77B, with a high of $1.83B and a low of $1.72B. This is -48.28% lower than Phillips 66's previous annual EBITDA (Sep 23) of $3.42B.

Phillips 66 Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114542246334444333334
Net Income-----------------$2.10B$1.70B$1.96B$1.88B$5.39B$3.17B$582.00M$1.37B$402.00M$296.00M$-654.00M$-539.00M$-799.00M
Avg Forecast$973.09M$1.50B$1.54B$845.14M$1.09B$1.47B$1.47B$952.76M$838.91M$1.16B$1.16B$682.42M$454.35M$691.46M$829.64M$646.50M$982.62M$2.02B$1.51B$587.72M$757.12M$2.15B$2.53B$534.30M$829.56M$809.34M$272.95M$-766.11M$-450.15M$-338.53M
High Forecast$1.32B$2.04B$2.10B$1.15B$1.48B$1.99B$2.00B$1.29B$1.14B$1.58B$1.57B$813.48M$636.09M$714.42M$829.64M$775.80M$1.05B$2.13B$2.05B$705.27M$908.55M$2.15B$2.53B$641.15M$841.68M$809.34M$272.95M$-612.89M$-450.15M$-338.53M
Low Forecast$703.07M$1.08B$1.11B$610.63M$787.53M$1.06B$1.06B$688.39M$606.13M$838.36M$836.19M$470.01M$239.13M$668.51M$829.64M$517.20M$945.31M$1.79B$1.09B$470.18M$605.70M$2.15B$2.53B$427.44M$817.43M$809.34M$272.95M$-919.34M$-450.15M$-338.53M
Surprise %-----------------1.04%1.12%3.34%2.49%2.51%1.25%1.09%1.65%0.50%1.08%0.85%1.20%2.36%

Phillips 66's average Quarter net income forecast for Dec 23 is $982.62M, with a range of $945.31M to $1.05B. PSX's average Quarter net income forecast represents a -53.14% decrease compared to the company's last Quarter net income of $2.10B (Sep 23).

Phillips 66 SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114542246334444333334
SG&A-----------------$669.00M$593.00M$605.00M$630.00M$617.00M$488.00M$433.00M$479.00M$424.00M$433.00M$408.00M$432.00M$384.00M
Avg Forecast$1.04B$1.00B$959.65M$920.36M$604.03M$600.43M$624.38M$591.27M$566.81M$580.05M$580.88M$560.54M$584.53M$630.93M$644.42M$480.98M$663.17M$703.00M$642.21M$437.26M$285.34M$671.09M$742.86M$397.51M$487.05M$461.90M$390.14M$477.94M$274.73M$290.54M
High Forecast$1.33B$1.28B$1.22B$1.17B$770.55M$765.96M$796.51M$754.26M$723.07M$739.96M$741.02M$638.26M$651.83M$636.64M$644.42M$577.18M$687.34M$831.97M$819.25M$524.71M$342.40M$671.09M$742.86M$477.01M$487.05M$461.90M$390.14M$573.53M$274.73M$290.54M
Low Forecast$820.63M$787.03M$754.81M$723.91M$475.10M$472.27M$491.11M$465.06M$445.83M$456.24M$456.90M$437.95M$458.26M$625.21M$644.42M$384.79M$646.15M$606.07M$505.13M$349.81M$228.27M$671.09M$742.86M$318.01M$487.05M$461.90M$390.14M$382.35M$274.73M$290.54M
Surprise %-----------------0.95%0.92%1.38%2.21%0.92%0.66%1.09%0.98%0.92%1.11%0.85%1.57%1.32%

Phillips 66's average Quarter SG&A projection for Dec 23 is $663.17M, based on 4 Wall Street analysts, with a range of $646.15M to $687.34M. The forecast indicates a -0.87% fall compared to PSX last annual SG&A of $669.00M (Sep 23).

Phillips 66 EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114542246334444333334
EPS-----------------$4.72$3.73$4.21$3.99$11.19$6.55$1.29$3.11$0.91$0.66$-1.49$-1.23$-1.82
Avg Forecast$2.32$3.58$3.68$2.02$2.60$3.50$3.51$2.27$2.00$2.77$2.76$1.63$1.08$1.65$1.98$2.20$2.35$4.82$3.60$3.56$4.41$5.05$5.95$1.23$1.95$1.90$0.64$-1.40$-1.06$-0.80
High Forecast$3.16$4.87$5.00$2.74$3.54$4.75$4.77$3.09$2.72$3.76$3.75$1.94$1.52$1.71$1.98$2.20$2.50$5.08$4.90$4.83$5.99$5.05$5.95$1.23$1.98$1.90$0.64$-1.40$-1.06$-0.80
Low Forecast$1.68$2.59$2.66$1.46$1.88$2.53$2.54$1.64$1.45$2.00$2.00$1.12$0.57$1.60$1.98$2.20$2.26$4.27$2.60$2.57$3.19$5.05$5.95$1.23$1.92$1.90$0.64$-1.40$-1.06$-0.80
Surprise %-----------------0.98%1.04%1.18%0.90%2.22%1.10%1.05%1.60%0.48%1.03%1.06%1.16%2.29%

According to 4 Wall Street analysts, Phillips 66's projected average Quarter EPS for Dec 23 is $2.35, with a low estimate of $2.26 and a high estimate of $2.50. This represents a -50.29% decrease compared to PSX previous annual EPS of $4.72 (Sep 23).

Phillips 66 Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DINOHF Sinclair$35.76$54.0051.01%Buy
MPCMarathon Petroleum$137.99$188.2536.42%Buy
PSXPhillips 66$115.83$153.3332.38%Buy
VLOValero Energy$124.89$156.5725.37%Buy
SUNSunoco LP$51.97$64.0023.15%Buy
PBFPBF Energy$27.92$33.3319.38%Buy
DKDelek US$17.51$20.5017.08%Hold
DKLDelek Logistics Partners, LP$39.98$43.679.23%Buy
CVICVR Energy$18.50$17.67-4.49%Buy

PSX Forecast FAQ

Is Phillips 66 a good buy?

Yes, according to 12 Wall Street analysts, Phillips 66 (PSX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 83.33% of PSX's total ratings.

What is PSX's price target?

Phillips 66 (PSX) average price target is $153.33 with a range of $144 to $160, implying a 37.07% from its last price of $111.86. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Phillips 66 stock go up soon?

According to Wall Street analysts' prediction for PSX stock, the company can go up by 37.07% (from the last price of $111.86 to the average price target of $153.33), up by 43.04% based on the highest stock price target, and up by 28.73% based on the lowest stock price target.

Can Phillips 66 stock reach $200?

PSX's average twelve months analyst stock price target of $153.33 does not support the claim that Phillips 66 can reach $200 in the near future.

What are Phillips 66's analysts' financial forecasts?

Phillips 66's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $141.9B (high $181.02B, low $111.62B), average EBITDA is $6.45B (high $8.23B, low $5.07B), average net income is $4.98B (high $6.76B, low $3.6B), average SG&A $2.42B (high $3.09B, low $1.9B), and average EPS is $11.89 (high $16.15, low $8.59). PSX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $230.08B (high $293.51B, low $180.97B), average EBITDA is $10.46B (high $13.34B, low $8.22B), average net income is $4.86B (high $6.6B, low $3.51B), average SG&A $3.92B (high $5.01B, low $3.09B), and average EPS is $11.61 (high $15.77, low $8.39).

Did the PSX's actual financial results beat the analysts' financial forecasts?

Based on Phillips 66's last annual report (Dec 2022), the company's revenue was $169.99B, beating the average analysts forecast of $158.75B by 7.08%. Apple's EBITDA was $14.37B, beating the average prediction of $7.11B by 102.12%. The company's net income was $11.02B, beating the average estimation of $5.97B by 84.56%. Apple's SG&A was $2.17B, beating the average forecast of $2.1B by 3.40%. Lastly, the company's EPS was $23.38, beating the average prediction of $16.64 by 40.52%. In terms of the last quarterly report (Sep 2023), Phillips 66's revenue was $39.64B, missing the average analysts' forecast of $41.22B by -3.83%. The company's EBITDA was $3.42B, beating the average prediction of $1.87B by 82.40%. Phillips 66's net income was $2.1B, beating the average estimation of $2.02B by 3.91%. The company's SG&A was $669M, missing the average forecast of $703M by -4.84%. Lastly, the company's EPS was $4.72, missing the average prediction of $4.82 by -2.05%