Scotiabank Comments on Phillips 66 FY2026 Earnings

Phillips 66 (NYSE:PSX) – Equities researchers at Scotiabank issued their FY2026 EPS estimates for Phillips 66 in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng expects that the oil and gas company will post earnings of $13.20 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $136.00 price objective on the stock. The consensus estimate for Phillips 66’s current full-year earnings is $7.56 per share.

A number of other research firms have also recently commented on PSX. Bank of America initiated coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Mizuho cut their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays decreased their target price on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Piper Sandler set a $144.00 price target on shares of Phillips 66 in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.57.

Phillips 66 Price Performance

Shares of PSX stock opened at $113.95 on Friday. The business’s fifty day moving average is $123.10 and its 200 day moving average is $130.50. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $47.06 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 4.06 and a beta of 1.38. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Hedge Funds Weigh In On Phillips 66

A number of large investors have recently added to or reduced their stakes in PSX. Mizuho Securities USA LLC grew its stake in shares of Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after acquiring an additional 2,467,316 shares during the last quarter. ING Groep NV grew its position in Phillips 66 by 123.2% during the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company’s stock worth $155,503,000 after purchasing an additional 653,032 shares during the last quarter. Bank of Montreal Can increased its stake in Phillips 66 by 63.4% during the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company’s stock valued at $214,120,000 after purchasing an additional 633,970 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Phillips 66 in the third quarter worth $70,983,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Phillips 66 by 574.0% during the second quarter. Canada Pension Plan Investment Board now owns 443,044 shares of the oil and gas company’s stock worth $62,545,000 after buying an additional 377,314 shares during the period. 76.93% of the stock is currently owned by institutional investors.

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.