Phillips 66 Stock: Is Wall Street Bullish or Bearish?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2025
0mins
Should l Buy PSX?
Source: NASDAQ.COM
Company Overview and Performance: Phillips 66, an energy manufacturing and logistics company, has seen its shares decline by 13.9% over the past year, underperforming the S&P 500 Index, although it has gained 9.5% in 2025 thus far. The company's recent Q1 results showed a larger-than-expected loss, contributing to a mixed earnings surprise history.
Analyst Ratings and Price Targets: Analysts have a consensus rating of "Moderate Buy" for PSX stock, with Barclays raising the price target to $115, while the mean price target stands at $128.28, indicating potential upside from current levels.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 184.120
Low
110.00
Averages
132.40
High
162.00
Current: 184.120
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Pipeline Capacity: The pipeline system is expected to transport 200,000 barrels per day of refined products, displacing approximately 125,000 barrels per day that Arizona receives from California via the SFPP, significantly enhancing connectivity between the Mid-Continent and Western markets.
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- Increased Evaluation Time: The extension provides prospective shippers additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring they can secure remaining capacity on the pipeline, which is crucial for future business growth.
- Initial Open Season Success: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the project and suggesting substantial future commercial potential.
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- Target Price Increase: Raymond James has raised the target price for Phillips 66 to $205 from a previous $175.
- Market Implications: This adjustment reflects a positive outlook on Phillips 66's performance in the market.
See More
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- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, aiming to meet market demand for the Los Angeles area and enhance participation from prospective shippers.
- Increased Evaluation Time: This extension provides prospective shippers with additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring internal approvals and thereby improving the pipeline system's utilization.
- Successful Initial Open Season: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the pipeline project and further solidifying its feasibility.
- Strategic Partnership Outlook: This collaboration not only enhances both companies' market positions in energy infrastructure but also opens potential expansion opportunities for renewable energy transportation, aligning with the global shift towards a lower-carbon economy.
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- Surging Gas Prices: Gasoline prices have surged over 30% to $3.98 per gallon since the onset of the U.S. war against Iran, marking the highest levels since 2022, indicative of significant disruptions in global energy markets and supply chains.
- E15 and E10 Fuel Waivers: The EPA announced a temporary waiver starting May 1 to lift restrictions on the sale of E15 (15% ethanol blend) and E10 (10% ethanol blend) fuels, aimed at increasing fuel options in the market and alleviating supply constraints.
- Rising Diesel Prices: Diesel prices have soared over 40% to $5.37 per gallon, impacting the transportation sector, with the Energy Secretary indicating plans to boost diesel supply to meet market demand.
- Regulatory Flexibility: The EPA has also suspended certain state fuel requirements, allowing the production and distribution of gasoline with ethanol content between 9% and 15%, demonstrating the government's adaptability and responsiveness in addressing the energy crisis.
See More
Kinder Morgan and Phillips 66 Extend Bidding Period for Western Gateway Pipeline
- Bidding Period Extension: Kinder Morgan and Phillips 66 announced the extension of the bidding period for the Western Gateway pipeline system from March 31 to April 15, aiming to provide prospective shippers with additional time to complete commercial evaluations, thereby enhancing the project's market appeal.
- Increased Pipeline Capacity: The pipeline system is expected to transport 200,000 barrels per day of refined products, displacing approximately 125,000 barrels per day that Arizona receives from California via the SFPP, significantly enhancing connectivity between the Mid-Continent and Western markets.
- Updated Transportation Services Agreement: The extended bidding period includes updates to the Transportation Services Agreement, involving adjustments to specific rates, aimed at addressing shippers' sensitivity to transportation costs and further promoting commercial collaboration.
- Market Demand Response: In response to shipper interest in remaining pipeline capacity, Kinder Morgan and Phillips 66 are actively enhancing delivery capabilities into the Los Angeles market by adding receipt points, thereby strengthening their competitive position in the energy transportation sector.
See More
Phillips 66 and Kinder Morgan Extend Pipeline Open Season
- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, enhancing delivery options into the Los Angeles market and increasing competitive positioning in the region.
- Increased Evaluation Time: The extension provides prospective shippers additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring they can secure remaining capacity on the pipeline, which is crucial for future business growth.
- Initial Open Season Success: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the project and suggesting substantial future commercial potential.
- Investment in Energy Infrastructure: As a leading downstream energy provider, Phillips 66 aims to enhance its capabilities in energy transportation and storage through this project, aligning with global trends towards renewable energy and a lower-carbon economy.
See More
PHILLIPS 66: RAYMOND JAMES INCREASES TARGET PRICE TO $205, UP FROM $175
- Target Price Increase: Raymond James has raised the target price for Phillips 66 to $205 from a previous $175.
- Market Implications: This adjustment reflects a positive outlook on Phillips 66's performance in the market.
See More
Phillips 66 and Kinder Morgan Extend Pipeline Open Season
- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, aiming to meet market demand for the Los Angeles area and enhance participation from prospective shippers.
- Increased Evaluation Time: This extension provides prospective shippers with additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring internal approvals and thereby improving the pipeline system's utilization.
- Successful Initial Open Season: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the pipeline project and further solidifying its feasibility.
- Strategic Partnership Outlook: This collaboration not only enhances both companies' market positions in energy infrastructure but also opens potential expansion opportunities for renewable energy transportation, aligning with the global shift towards a lower-carbon economy.
See More
Meta Ordered to Pay $375 Million for Child Exploitation Violations
- Legal Judgment Impact: A New Mexico jury ruled that Meta violated child protection laws, ordering the company to pay $375 million, which represents approximately 0.625% of its nearly $60 billion revenue in Q4, potentially negatively impacting its financials.
- Appeal Plans: A Meta spokesperson stated that the company intends to appeal the verdict, indicating dissatisfaction with the legal outcome, which may lead to increased future legal costs and affect the company's reputation.
- Market Reaction Muted: Despite facing significant legal challenges, Meta's stock price showed little movement in after-hours trading, reflecting a relatively subdued market reaction that may indicate investor confidence in the company's long-term profitability.
- Additional Legal Suits: Meta is also facing another lawsuit in Los Angeles, accusing it and YouTube of misleading users about app safety, which could further increase the company's legal and compliance pressures.
See More
