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Phillips 66 (PSX): analyst forecast and price target

$293 +1.37% close 16.10.26 · market cap $115B · Energy · Oil & Gas Refining & Marketing SPY 0.18%
Price targets and ratings of

Analyst consensus

Moderate Buy

8 Buy6 Hold0 Sell

Ratings of 14 analysts in the last 3 months · top analysts only

12-month forecast

$287−2.3% downside

Based on 14 price targets given in the last 3 months, the average target is $287, the highest $345, the lowest $220. The average is −2.3% from the last price of $293.

$200$300Jan 26AprJulOctJan 27AprJulOctHigh$345Average$287Low$220
Highest target $345 Average target $287 Lowest target $220
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Sam Margolin★★★★★★★★★★#313 · hits 72% · avg +15.5% Wells Fargo $335 → $345+3.0% Buy +17.7% Assigned 14.10.26on TipRanks 06:50 +2.6%next day −3.0%
Vikram Bagri★★★★★★★★★★#12347 · hits 38% · avg −17.6% Citi $217 → $297+36.9% Hold +1.3% Reiterated 13.10.26on TipRanks 06:35 +4.0%next day +2.6%
Duladeth Bik★★★★★★★★★★#6972 · hits 100% · avg +67.1% DBS $272 Hold −7.2% Reiterated 12.10.26on TipRanks 08:55 +1.2%next day +4.0%
Joe Laetsch★★★★★★★★★★#3110 · hits 61% · avg +5.9% Morgan Stanley $284 Buy −3.1% Assigned 12.10.26on TipRanks 05:35 +1.2%next day +4.0%
Lloyd Byrne★★★★★★★★★★#307 · hits 58% · avg +18.7% Jefferies $242 → $276+14.0% Hold −5.9% Reiterated 11.10.26on TipRanks 13:10 +1.2%next day +4.0%
Theresa Chen★★★★★★★★★★#64 · hits 74% · avg +18.7% Barclays $216 → $282+30.6% Hold −3.8% Assigned 09.10.26on TipRanks Oct 11 21:15 −1.8%next day +1.2% · 5 days +7.4%
Manav Gupta★★★★★★★★★★#185 · hits 69% · avg +22.7% UBS $300 → $310+3.3% Buy +5.7% Reiterated 09.10.26on TipRanks 09:15 −1.8%next day +1.2% · 5 days +7.4%
Phillip Jungwirth★★★★★★★★★★#1299 · hits 52% · avg +8.6% BMO Capital $340 Buy +16.0% Assigned 09.10.26on TipRanks 07:40 −1.8%next day +1.2% · 5 days +7.4%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $274 → $297+8.4% Hold +1.3% Reiterated 08.10.26on TipRanks Oct 9 08:10 +4.1%next day −1.8% · 5 days +3.0%
Nitin Kumar CFA★★★★★★★★★★#878 · hits 60% · avg +8.3% Mizuho Securities $220 → $300+36.4% Hold +2.3% Downgrade 08.10.26on TipRanks 05:20 +4.1%next day −1.8% · 5 days +3.0%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $245 → $274+11.8% Hold −6.5% Reiterated 01.10.26on TipRanks 06:35 +3.3%next day −0.6% · 5 days +5.3%
John Royall★★★★★★★★★★#1677 · hits 57% · avg +10.3% Piper Sandler $264 Hold −9.9% Reiterated 30.09.26on TipRanks 07:55 +1.4%next day +3.3% · 5 days +4.5%
Jason Gabelman★★★★★★★★★★#503 · hits 65% · avg +15.3% TD Cowen $255 → $295+15.7% Buy +0.6% Reiterated 30.09.26on TipRanks 07:30 +1.4%next day +3.3% · 5 days +4.5%
Phillip Jungwirth★★★★★★★★★★#1299 · hits 52% · avg +8.6% BMO Capital $310 Buy +5.7% Reiterated 29.09.26on TipRanks Sep 30 07:55 −0.3%next day +1.4% · 5 days +5.0%
Joe Laetsch★★★★★★★★★★#3110 · hits 61% · avg +5.9% Morgan Stanley $284 Buy −3.1% Assigned 28.09.26on TipRanks 08:20 −0.1%next day −0.3% · 5 days +5.2%
Manav Gupta★★★★★★★★★★#185 · hits 69% · avg +22.7% UBS $300 Buy +2.3% Reiterated 14.09.26on TipRanks 09:55 −0.5%next day +3.5% · 5 days −0.1%
Justin Jenkins★★★★★★★★★★#17 · hits 79% · avg +24.8% Raymond James $240 → $300+25.0% Buy +2.3% Reiterated 14.09.26on TipRanks 09:30 −0.5%next day +3.5% · 5 days −0.1%
Jean Ann Salisbury★★★★★★★★★★#2367 · hits 69% · avg +5.5% Bank of America Securities $255 → $265+3.9% Hold −9.6% Reiterated 10.09.26on TipRanks Sep 8 22:30 +1.1%next day −0.3% · 5 days +2.6%
Theresa Chen★★★★★★★★★★#64 · hits 74% · avg +18.7% Barclays $216 Hold −26.3% Reiterated 09.09.26on TipRanks 05:15 +1.1%next day −0.3% · 5 days +2.6%
Sam Margolin★★★★★★★★★★#313 · hits 72% · avg +15.5% Wells Fargo $239 → $335+40.2% Buy +14.3% Assigned 01.09.26on TipRanks 06:30 +2.9%next day +1.2% · 5 days +3.4%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $245 Hold −16.4% Reiterated 24.08.26on TipRanks Aug 26 10:20 −0.1%next day −2.4% · 5 days +1.4%
Nitin Kumar CFA★★★★★★★★★★#878 · hits 60% · avg +8.3% Mizuho Securities $212 → $220+3.8% Buy −25.0% Reiterated 11.08.26on TipRanks 07:35 +4.4%next day +0.3% · 5 days +9.5%
Arun Jayaram★★★★★★★★★★#1023 · hits 59% · avg +8.0% J.P. Morgan $234 Buy −20.2% Reiterated 10.08.26on TipRanks Aug 11 08:05 +5.7%next day +4.4% · 5 days +11.7%
Stephen Richardson★★★★★★★★★★#646 · hits 63% · avg +12.1% Evercore ISI $200 → $220+10.0% Buy −25.0% Reiterated 06.08.26on TipRanks 09:01 +1.6%next day −1.4% · 5 days +12.0%
Vikram Bagri★★★★★★★★★★#12347 · hits 38% · avg −17.6% Citi $204 → $217+6.4% Hold −26.0% Reiterated 06.08.26on TipRanks 07:01 +1.6%next day −1.4% · 5 days +12.0%
Lloyd Byrne★★★★★★★★★★#307 · hits 58% · avg +18.7% Jefferies $191 → $207+8.4% Hold −29.4% Reiterated 09.07.26on TipRanks 12:01 +0.2%next day −1.2% · 5 days +6.2%
Bill Selesky★★★★★★★★★★#1503 · hits 60% · avg +7.8% Argus Research $185 → $197+6.5% Buy −32.8% Assigned 13.05.26on TipRanks May 18 13:05 −2.6%next day −1.0% · 5 days +5.3%
Betty Zhang★★★★★★★★★★#2397 · hits 72% · avg +18.6% Scotiabank $151 Hold −48.5% Reiterated 30.04.26on TipRanks 09:35 +2.3%next day −1.9% · 5 days −7.8%
Doug Leggate★★★★★★★★★★#810 · hits 57% · avg +10.1% Wolfe Research $193 → $192−0.5% Buy −34.5% Reiterated 06.04.26on TipRanks Apr 7 07:50 +0.2%next day −1.5% · 5 days −13.7%
Duladeth Bik★★★★★★★★★★#6972 · hits 100% · avg +67.1% DBS $110 Hold −62.5% Reiterated 05.02.26on TipRanks Feb 6 05:40 +1.1%next day +0.3% · 5 days +0.6%
Sergey Pigarev★★★★★★★★★★#7336 · hits 33% · avg +3.3% Freedom Capital Markets $137 → $138+0.7% Hold −52.9% Downgrade 03.11.25on TipRanks 16:00 −0.4%next day −0.2% · 5 days +2.6%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Phillips 66

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%
1 year Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%
2 years Manav Gupta★★★★★★★★★★UBS · #185
Hits 69%238 of 346 Average return +22.7%

Most profitable

3 months Sam Margolin★★★★★★★★★★Wells Fargo · #313
Hits 72%225 of 313 Average return +15.5%
1 year Sam Margolin★★★★★★★★★★Wells Fargo · #313
Hits 72%225 of 313 Average return +15.5%
2 years Jason Gabelman★★★★★★★★★★TD Cowen · #503
Hits 65%179 of 274 Average return +15.3%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $263 at a price of $255 (+2.9%); now: $286 at $293 (−2.3%).

$260$280$300Sep 15Oct 1Oct 15Top analysts$287Average target$286Price$293

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

01020301621Oct 251821Nov1715Dec1014Jan 261619Feb1218Mar2017Apr1611May177Jun136Jul149Aug2013Sep1813Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy161713142018
Hold117691313
Sell000000

Earnings and sales forecast

Next report: 28.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $11.84 (from $5.81 to $13.10). Last quarter: $9.41.

Sales

Next quarter’s sales estimate — $44.8B (from $27.4B to $64.3B). Last quarter: $50.8B.

Best top-analyst consensus in the sector · Energy

NESRNational Energy Services Reunited
SEISolaris Energy Infrastructure
TRGPTarga Resources
VNOMViper Energy
WMBWilliams Co
About Phillips 66
  • CEO: Mark E. Lashier
  • Employees: 12,600
  • 2331 CityWest Boulevard, Houston, TX, 77042, US
  • www.phillips66.com

Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.

Data from the stock’s TipRanks forecast page, read 7 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗