
Phillips 66 (PSX) Stock Forecast & Price Target
Phillips 66 (PSX) Analyst Ratings
Bulls say
Phillips 66 is a strong operator in the refining industry, with a solid track record of operational improvements over the past ~4 years. The company's near term deleverage target is well within reach following ~$6.5 billion of 2Q paydown, and while the balance sheet story has dominated share price performance, its chemicals business has also rebounded in 2026. However, the company's crude imports are particularly levered to Canadian WCS, and its profitability, while competitive among large caps, may be somewhat constrained in returning capital to shareholders in the near term.
Bears say
Phillips 66 is experiencing weak refining and marketing margins, leading to a negative revision for the company's 1Q EPS/EBITDA estimates and a lowered price target of $177 due to concerns regarding the company's ability to capture headline strength. With a sizable chunk of gross debt being taken out in the second quarter and buybacks ramping up in the coming year, it is possible that the company's capital allocation program may include some discretionary capital beyond the 50% payout level in response to the current macro environment.
This aggregate rating is based on analysts' research of Phillips 66 and is not a guaranteed prediction by Public.com or investment advice.
Phillips 66 (PSX) Analyst Forecast & Price Prediction
Start investing in Phillips 66 (PSX)
Order type
Buy in
Order amount
Est. shares
0 shares