The price of PSX is predicted to go up 51.4%, based on the high correlation periods with PAYS. The similarity of these two price pattern on the periods is 91.43%.
PSX
PAYS
Phillips 66 is expanding its midstream and chemical segments so that refining will represent a smaller portion of earnings over time and help to mitigate the risk of falling refined product demand.
Investments and cost-cutting will lead to higher midcycle earnings capacity and greater shareholder returns relative to the past.
With one of the highest distillate yields among its peers, Phillips 66 is well positioned for the long term, where the growth outlook for distillate is more favorable than gasoline.
Barclays
2025-03-14
Price Target
$115 → $135
Upside
+6.53%
Barclays
2025-01-13
Price Target
$124 → $115
Downside
-0.84%
Wolfe Research
2025-01-03
Price Target
n/a
Downside
0%