Phillips 66에 대한 매도 수량은 투자자에게 Phillips 66의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Phillips 66 (NYSE:PSX) 주식, 공매도 수량 보고

Phillips 66

Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.

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행동주의 투자자인 엘리엇 인베스트먼트 매니지먼트가 필립스 66(NYSE:PSX)의 지분을 25억 달러 상당 인수했다. 이에 미국 정유업체에서 입지를 크게 확대하고, 특히 미드스트림 사업과 관련하여 운영 구조조정에 대한 압력을 강화하고 있다.

행동주의 투자자 엘리엇,  25억 달러 규모의 필립스 66 지분 확보: 로이터 보도

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CNN 머니 공포·탐욕 지수는 전반적인 시장 심리의 개선을 나타냈으나 목요일(30일) &#34;중립&#34; 영역에 머물렀다.미국 증시는 목요일에 상승 마감했으며, 특히 다우존스 지수가 150포인트 이상 상승했다. 이러한 상승은 투자자들이 대형 기술주들의 최근 실적 보고서를 평가하는 동안 발생했다. 

다우 지수 +150p 상승, 대형 기술주 실적 발표 주시: 투자 심리 개선, 공포·탐욕 지수는 &#39;중립&#39; 영역 유지

gas oil pipeline

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도널드 트럼프 차기 행정부의 야심찬 에너지 계획은 하루 300만 배럴(BOE) 생산량 증가, 캐나다산 원유 및 가스 수입에 대한 25% 관세 부과, 액화천연가스(LNG) 수출 승인 가속화 등 미국 에너지 시장을 재편할 수 있지만, 이러한 움직임 속에는 분명 승자와 패자가 있을 것이다. 

트럼프의 에너지 정책으로 원유 및 천연가스 시장 재편 예상: 승자와 패자는?

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WIIM

HESM

MTDR

SHEL

Shares of energy stocks are up as oil prices rise amid US sanctions on Iran.

Third-Party Findings Are Based on Feedback From Phillips 66 Investors Representing More Than 60% of the Company's Institutional Shares Outstanding
Shareholders Do Not Believe the Company's Strategy or Conglomerate Structure Make Sense
WEST PALM BEACH, Fla., April 16, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together are a top-five shareholder in Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) (the "Company" or "Phillips"), today released findings from a recent Elliott-commissioned, third-party survey of the Company's institutional investors. The survey – conducted approximately two months ago – polled shareholders representing more than 60%1 of Phillips 66's institutionally owned shares outstanding and revealed that investors share Elliott's frustration with the Company's underperformance and lack of a compelling strategic direction. More information on the survey results can be found at streamline66.com/phillips-66-shareholders-speak-out/

Management

Elliott Releases Third-Party Survey Results Finding That Phillips 66 Shareholders Rank the Company Last In Operations, CEO Effectiveness And Value Creation; Says "Shareholders Do Not Believe The Company's Strategy Or Conglomerate Structure Make Sense"

Scotiabank analyst Paul Cheng maintains Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) with a Sector Outperform and lowers the price target from $136 to $133.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Outperform on Phillips 66, Lowers Price Target to $133

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Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Barclays analyst Theresa Chen maintains Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) with a Equal-Weight and lowers the price target from $135 to $106.

Barclays Maintains Equal-Weight on Phillips 66, Lowers Price Target to $106

In the preceding three months, 6 analysts have released ratings for Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Phillips 66, revealing an average target of $136.0, a high estimate of $162.00, and a low estimate of $115.00. A decline of 0.73% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1744228847_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Phillips 66 is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Justin Jenkins &#x7C;Raymond James &#x7C;Lowers &#x7C;Outperform &#x7C; $140.00&#x7C;$150.00 &#x7C; 
&#x7C;Nitin Kumar &#x7C;Mizuho &#x7C;Lowers &#x7C;Neutral &#x7C; $132.00&#x7C;$140.00 &#x7C; 
&#x7C;Neil Mehta &#x7C;Goldman Sachs &#x7C;Maintains &#x7C;Neutral &#x7C; $132.00&#x7C;$132.00 &#x7C; 
&#x7C;Theresa Chen &#x7C;Barclays &#x7C;Raises &#x7C;Equal-Weight &#x7C; $135.00&#x7C;$115.00 &#x7C; 
&#x7C;Roger Read &#x7C;Wells Fargo &#x7C;Raises &#x7C;Overweight &#x7C; $162.00&#x7C;$161.00 &#x7C; 
&#x7C;Theresa Chen &#x7C;Barclays &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $115.00&#x7C;$124.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Phillips 66. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Phillips 66 compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Phillips 66's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Phillips 66's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PSX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Phillips 66 analyst ratings.</a>
<h2>Unveiling the Story Behind Phillips 66</h2>
Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
<h3>Phillips 66's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Phillips 66's revenue growth over a period of 3M has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -11.98%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Phillips 66's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.02% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Phillips 66's ROE stands out, surpassing industry averages. With an impressive ROE of 0.02%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.01%, the company showcases effective utilization of assets.
Debt Management: Phillips 66's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.73.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Phillips 66: Insights From 6 Financial Analysts

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Shares of oil and gas companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Raymond James analyst Justin Jenkins maintains Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) with a Outperform and lowers the price target from $150 to $140.

Raymond James Maintains Outperform on Phillips 66, Lowers Price Target to $140

Mizuho analyst Nitin Kumar maintains Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) with a Neutral and lowers the price target from $140 to $132.

Mizuho Maintains Neutral on Phillips 66, Lowers Price Target to $132

Breakdown in board governance enabled the pursuit of a strategy that has not delivered for shareholders
Goff supports Elliott's engagement with Phillips 66 to maximize long-term value for all shareholders
Elliott's nominees will provide an infusion of independence and expertise in the Phillips 66 boardroom and ensure management is held to account

Energy Industry Veteran Gregory J. Goff Releases Letter To Fellow Phillips 66 Shareholders; Supports Elliott's Engagement With Phillips 66 To Maximize Long-Term Value For All Shareholders

General

Phillips 66 Files Definitive Proxy Materials with The SEC And Urges Shareholders To Vote Only For The Company's Nominees on The White Proxy Card

Shares of energy stocks are trading lower as crude oil falls to 2021 levels, following OPEC+'s decision to accelerate production hikes. The market is also grappling with fears of a recession, fueled by President Trump's recent tariff announcements and China's retaliatory measures, which have heightened concerns over global demand.

Financial giants have made a conspicuous bullish move on Phillips 66. Our analysis of options history for Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $335,934, and 3 were calls, valued at $242,806.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $99.0 and $120.0 for Phillips 66, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Phillips 66's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Phillips 66's whale activity within a strike price range from $99.0 to $120.0 in the last 30 days. 
<h3>Phillips 66 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743783345_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.6</td>
<td>$7.5</td>
<td>$8.4</td>
<td>$110.00</td>
<td>$168.0K</td>
<td align="right">85</td>
<td align="right">201</td>
</tr>
<tr>
<td>PSX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$20.1</td>
<td>$18.0</td>
<td>$18.61</td>
<td>$100.00</td>
<td>$148.8K</td>
<td align="right">44</td>
<td align="right">80</td>
</tr>
<tr>
<td>PSX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$5.8</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$100.00</td>
<td>$54.7K</td>
<td align="right">180</td>
<td align="right">203</td>
</tr>
<tr>
<td>PSX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.3</td>
<td>$5.1</td>
<td>$5.1</td>
<td>$100.00</td>
<td>$45.3K</td>
<td align="right">180</td>
<td align="right">0</td>
</tr>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.6</td>
<td>$8.1</td>
<td>$8.2</td>
<td>$110.00</td>
<td>$40.9K</td>
<td align="right">85</td>
<td align="right">407</td>
</tr>
</tbody>
</table>

<h3>About Phillips 66</h3>
Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
In light of the recent options history for Phillips 66, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Phillips 66</h3>
<ul>
<li>Trading volume stands at 2,452,185, with PSX's price down by -8.86%, positioned at $97.68.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 21 days.</li>
</ul>
<h3>What The Experts Say On Phillips 66</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $133.5.
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&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Phillips 66, which currently sits at a price target of $135. 
&#x2A; Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $132.
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Options

Market Whales and Their Recent Bets on PSX Options

Shares of energy stocks are trading lower as oil prices fall after OPEC+ producers accelerated output hikes. Additionally, President Trump's recent tariff announcements and China's retaliatory tariffs on the US have driven further demand uncertainty.

Highlights Plan to Improve Performance, Strengthen Accountability and Increase Shareholder Value
Identifies Slate of Four Highly Qualified Independent Director Candidates with Decades of Experience in Refining, Midstream Operations and Corporate Governance&nbsp;
More Information at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4398557-1&amp;h=3336979746&amp;u=http%3A%2F%2Fwww.streamline66.com%2F&amp;a=Streamline66.com">Streamline66.com</a>
WEST PALM BEACH, Fla., April 3, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) (the "Company" or "Phillips"), today sent a letter to the Company's shareholders highlighting why change is urgently needed on the Phillips Board of Directors (the "Board"). In the letter, Elliott made the case that Phillips investors' patience has been punished, and a new lineup on the Board is necessary to reverse the Company's long-term underperformance and improve its poor corporate governance practices. Elliott also filed definitive proxy materials in connection with Phillips' Annual Meeting of Stockholders (the "Annual Meeting"), which is currently scheduled for May 21, 2025.
<a href="https://mma.prnewswire.com/media/2657884/Elliott_Letter_to_Phillips_66_Shareholders.pdf?p=original"><img src="https://mma.prnewswire.com/media/2657884/Elliott_Letter_to_Phillips_66_Shareholders.pdf?p=pdfthumbnail" alt="Letter to Phillips 66 Shareholders" /></a>
In its materials, Elliott detailed the degree to which Phillips' operating performance has consistently trailed its industry peers. Notably, over the past decade, Phillips shares have underperformed Valero Energy and Marathon Petroleum, by -138% and -188%, respectively.
In addition, Elliott discussed why its three-part "Streamline 66" plan – which Elliott believes has the potential to increase Phillips' stock price to more than $200 per share – would be the best path forward. The plan includes a simplification of Phillips' portfolio, a thorough review of its refinery operations and enhanced oversight of management at the Board level.
Elliott also disclosed its four highly qualified director nominees, who would add urgently needed experience and valuable new perspectives to the Board:
<ul>
<li>Sigmund Cornelius&nbsp;served as CFO at the predecessor company of Phillips, ConocoPhillips, where he oversaw a substantial divestiture and simplification program that led to a material increase in shareholder value. He later served as President of Freeport LNG Development, as well as a director at Andeavor and Western Refining. &nbsp;</li>
<li>Michael&nbsp;Heim&nbsp;has a long record of leadership in the industry as a founder of Targa Resources, one of the most successful Permian-focused midstream operators, and as a member of multiple boards and a respected consultant. &nbsp;</li>
<li>Brian&nbsp;Coffman&nbsp;is a seasoned operator who spent much of his career running Phillips' current refining assets while they were part of ConocoPhillips. After three decades at ConocoPhillips, he became the executive in charge of refining for Andeavor, leading the operations of ten refineries throughout the United States, as well as the President and CEO of Motiva, one of North America's largest refiners. &nbsp;</li>
<li>Stacy&nbsp;Nieuwoudt&nbsp;would bring an investor's eye to Phillips' challenges, having spent her career as a senior energy and industrials analyst at Citadel. She has also served on the boards of multiple publicly traded energy companies.</li>
</ul>

Elliott Investments Sends Letter To Shareholders And Mails Definitive Proxy Materials Outlining Why Board Change Is Needed At Phillips 66

ACDC

CGBS

Shares of energy companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Shares of energy stocks are trading higher amid strength in oil and natural gas prices.

Goldman Sachs analyst Neil Mehta revised the rating and updated estimates on Thursday for several <a target="_blank" href="https://www.benzinga.com/topic/energy" rel="noreferrer noopener">major American oil companies</a>.
The revision reflects average $75/b Brent oil prices in 2025 and 2026, consistent with the Goldman Sachs Commodities team&#8217;s updated oil range of $65-$80/b, writes the analyst.
PARR: The analyst upgraded Par Pacific Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) from Neutral to Buy and raised the<a target="_blank" href="https://www.benzinga.com/quote/parr/analyst-ratings" rel="noreferrer noopener"> price forecast from $18 to $19.</a>
The bullish stance reflects the company&#8217;s year-to-date underperformance relative to the S&amp;P, highlighting strong upside potential from the Retail and Logistics segment and expectations of a margin rebound in the Singapore region.
Also, the analyst says that PARR&#8217;s Hawaii refining operations are well-positioned to gain from a margin recovery.
Additionally, the analyst remains optimistic about the earnings contributions from the Logistics and Retail segments.
The analyst now estimates 2025-2026 EPS of $0.67 (from $0.79) and $2.97 (from $2.73 prior).
This reflects mark-to-market cracks and commodity prices for the quarter so far, refining capture rate updates, and modifications to throughput, operating expenses, Logistics and Retail earnings, and share repurchases.
IMO: Mehta downgraded Imperial Oil Limited (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) from Neutral to Sell and <a target="_blank" href="https://www.benzinga.com/quote/imo/analyst-ratings" rel="noreferrer noopener">reiterated a price forecast of C$90.00</a>.
The analyst writes that he acknowledges the company&#8217;s strong operational performance, particularly at key assets like Kearl and Cold Lake.
Regardless, Mehta sees its value proposition as less distinct in 2025/2026, with a lower capital returns yield compared to peers.
The analyst estimates cash flow per share of C$2.91 for first-quarter FY25 (vs FactSet consensus of C$3.20).
For 2025-2026, Mehta now estimates EPS estimates of C$8.35 (from C$8.04) and C$9.06 (from C$9.65 prior) vs. consensus of C$8.23 and C$8.94, respectively.
PSX: The analyst also downgraded Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) from Buy to Neutral and <a target="_blank" href="https://www.benzinga.com/quote/psx/analyst-ratings" rel="noreferrer noopener">maintained the price forecast of $132.</a>
Although the analyst appreciates the company&#8217;s diversified business mix, Midstream earnings contributions and cost reduction efforts, he plans to monitor for updates on operational improvements in Refining amid weaker Chemicals margin environment.
Mehta estimates EPS of $7.39 (from $7.69 earlier) for 2025 and $13.17 (from $12.75 prior).
Read Next:
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Analyst Color

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Goldman Sachs Shifts Oil Sector Outlook: Par Pacific Set For Rebound, Phillips 66 Faces Challenges

Goldman Sachs analyst Neil Mehta downgrades Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) from Buy to Neutral and maintains the price target from $132 to $132.

Goldman Sachs Downgrades Phillips 66 to Neutral, Maintains Price Target to $132

Phillips 66 Files Preliminary Proxy Statement For 2025 Annual Meeting; Recommends Shareholders Use White Proxy Card And Vote Against Elliott's Proposal

Press Releases

Elliott Sends Letter to Shareholders and Mails Definitive Proxy Materials Outlining Why Board Change is Needed at Phillips 66

Phillips 66 Files Definitive Proxy Statement and Issues Letter to Shareholders

Entertainment

Elliott Launches "Streamline 66" Podcast Featuring 1:1 Conversations with Its Best-in-Class Director Nominees

Energy Industry Veteran Gregory J. Goff Releases Letter to Fellow Phillips 66 Shareholders

Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66

Phillips 66 Sets the Record Straight on Gregory J. Goff's Relationship with Elliott Management

Legal

Berry Corporation Strengthens Executive Leadership Team with Appointment of General Counsel

Elliott Releases Second Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Stacy Nieuwoudt

Elliott Releases Third-Party Survey Results Finding That Phillips 66 Shareholders Rank the Company Last in Operations, CEO Effectiveness and Value Creation

Elliott Releases Bonus Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Partner John Pike

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