Key facts: Phillips 66's net income rises to $4.4B; declares $1.27 dividend
Phillips 66 (PSX) reported a significant increase in net income, reaching $4.4 billion in 2025, up from $2.1 billion in 2024, largely due to a $1.9 billion gain from the sale of part of its marketing operations. The company also declared a dividend of $1.27 per share, offering a 3.2% yield, with an ex-dividend date of February 23.
Phillips 66 Bolsters Permian Operations with New Dos Picos II Gas Plant
Phillips 66 has launched its new Dos Picos II gas plant in the Permian Basin, significantly increasing its natural gas liquids (NGL) processing capacity by 220 MMscfd. This facility doubles the total throughput from the company’s Pinnacle acquisition assets and strengthens its integrated value chain. The project highlights Phillips 66's strategic focus on organic growth in its Midstream segment and its commitment to meeting NGL demand.
Phillips 66 SEC 10-K Report
Phillips 66 has released its 2025 10-K report, highlighting significant financial growth with a net income of $4,403 million, driven by asset sales and improved refining margins, despite an 8% decrease in sales revenue. The report details strategic initiatives focused on operational optimization, disciplined growth in Midstream and Chemicals, financial strength through debt reduction, and returning capital to shareholders. The company also outlines challenges including market volatility, regulatory changes, and operational risks, while emphasizing strategies to mitigate these through investments in renewable fuels and capital allocation.
Barclays Adjusts Phillips 66 Price Target to $158 From $142, Maintains Equal Weight Rating
Barclays has increased its price target for Phillips 66 (PSX) to $158 from $142, while reiterating an Equal Weight rating on the stock. The adjustment reflects Barclays' updated valuation for the oil and gas refining and marketing company. Phillips 66's stock was trading at $155.41 at the market close on February 19th.
Barclays Maintains Phillips 66(PSX.US) With Hold Rating, Raises Target Price to $158
Barclays analyst Theresa Chen has reiterated a "hold" rating on Phillips 66 (PSX.US) and increased the target price from $141 to $158. According to TipRanks, Chen has a 76.1% success rate and an average return of 17.8% over the past year. This report highlights the analyst's updated price target for the company.
Protesting Big Oil and Sportswashing
Climate activists across 10 U.S. cities are protesting professional sports teams' "sportswashing" partnerships with Big Oil companies like Phillips 66 and Shell. The activists argue that these sponsorships use fans' loyalty to obscure the environmental damage caused by fossil fuels, citing the devastating 2018 Paradise wildfire as an example of climate change's local impact. They are calling for teams to end these deals, emphasizing that rising temperatures pose a significant threat to global sports.
Phillips 66 (NYSE:PSX) EVP Sells $1,200,000.00 in Stock
Phillips 66 EVP Don Baldridge sold 7,500 shares of company stock for $1.2 million on February 17th, reducing his stake by 16.31%. The company recently increased its quarterly dividend to $1.27 per share, yielding approximately 3.3%. Phillips 66 reported Q4 EPS of $2.47, beating estimates, and analysts maintain a consensus "Hold" rating with an average price target of $158.72.
Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices
Phillips 66 (PSX) is strategically positioned to benefit from anticipated lower crude oil prices due to its refining business model, which allows it to purchase raw materials cheaply. To mitigate crude price volatility, PSX has significantly expanded its midstream segment, which provides stable, fee-based revenues and predictable cash flows. This robust midstream footprint gives PSX an advantage over competitors like PBF Energy in navigating high crude price environments.
17,330 Shares in Phillips 66 $PSX Bought by First National Bank of Omaha
First National Bank of Omaha recently acquired 17,330 shares of Phillips 66 (NYSE:PSX) stock, valued at approximately $2.357 million, during the third quarter. This purchase contributes to the 76.93% institutional ownership of the company. Phillips 66, an oil and gas company, recently beat EPS expectations with $2.47 per share against a $2.15 consensus and increased its quarterly dividend to $1.27 per share.
Phillips 66, Citgo seek to buy crude directly from Venezuela - Reuters (PSX:NYSE)
U.S. refiners Phillips 66 and Citgo Petroleum are reportedly looking to purchase heavy crude directly from Venezuela's state oil company, PDVSA, starting in April. This move aims to maximize profits by circumventing intermediary purchases through Chevron or other trading houses. The report suggests a shift in procurement strategy for these refiners.
Exclusive - US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
U.S. refiners Phillips 66 and Citgo are reportedly seeking to purchase crude oil directly from Venezuela. This move comes as the U.S. has partially eased sanctions on Venezuela's oil industry. The potential direct purchases could impact global crude markets and U.S.-Venezuela relations.
Marathon Petroleum vs Phillips 66: Which Refining Giant Wins as Energy Sector Dominates 2026?
This article compares Marathon Petroleum (MPC) and Phillips 66 (PSX) quarter results and business strategies, highlighting their performance within the strong energy sector. Marathon Petroleum, a pure-play refiner, delivered superior earnings and free cash flow due to its focused strategy, while Phillips 66, with a more diversified portfolio including chemicals and renewables, offers a higher dividend yield. The article concludes that Marathon's concentrated refining approach has led to stronger financial metrics and stock performance year-to-date, contrasting with Phillips 66's diversified model which provides downside protection but dilutes pure refining exposure.
Phillips 66 Dividend Increase And New California Fuel Supply Approach
Phillips 66 (NYSE:PSX) has increased its quarterly dividend and is reshaping its California fuel supply strategy after closing its Los Angeles refinery. The company will now lease storage tanks in the Bahamas and import gasoline into California, shifting from local production to a logistics and trading-based model for that market. This move signals management's confidence in financial performance and cash generation, but also introduces new logistical risks and potential impacts on margins.
Gasoline prices today: UGA ETF ticks up even as RBOB slips on U.S.-Iran talk hopes
Gasoline prices and crude oil moved in opposite directions due to hopes of progress in U.S.-Iran nuclear negotiations. While the U.S. Gasoline Fund (UGA) saw a slight increase, RBOB gasoline slipped, and crude oil prices fell to a two-week low. The market is closely watching refiner margins and geopolitical developments, which continue to influence energy prices despite potential diplomatic advancements.
AECOM and Tractor Supply have been highlighted as Zacks Bull and Bear of the Day
AECOM (ACM) has been named Zacks' Bull of the Day due to raised full-year earnings guidance, a record backlog, and strong expected growth for 2026 and 2027 despite a recent earnings miss. Conversely, Tractor Supply Company (TSCO) is the Bear of the Day, facing pressures on rural consumer spending, which led to lower-than-expected earnings and disappointing guidance for fiscal 2026. The article also touches on the benefits for refining companies like Phillips 66 (PSX), Valero Energy Corp. (VLO), and Par Pacific Holdings Inc. (PARR) from a softer crude pricing environment.
AECOM and Tractor Supply have been highlighted as Zacks Bull and Bear of the Day
AECOM (ACM) has been named Zacks' Bull of the Day due to its record backlog, raised earnings guidance for fiscal 2026 and 2027, and an attractive valuation despite a recent earnings miss. Conversely, Tractor Supply Company (TSCO) is the Bear of the Day, facing pressures on the rural consumer leading to a missed earnings estimate, disappointing fiscal 2026 guidance, and analysts cutting future earnings expectations, placing it as a Zacks Rank #5 (Strong Sell). The article also briefly discusses Phillips 66 (PSX), Valero Energy Corp. (VLO), and Par Pacific Holdings Inc. (PARR) as refiners likely to benefit from lower crude oil prices.
Vanguard Group Inc. Has $7.04 Billion Holdings in Phillips 66 $PSX
Vanguard Group Inc. has significantly increased its stake in Phillips 66, now holding over 12.8% of the company, valued at approximately $7.04 billion. Phillips 66 has also raised its quarterly dividend and reported earnings that beat analyst expectations, although revenue slightly missed. The company currently holds an average "Hold" rating from analysts with a consensus price target of $158.72.
Is Phillips 66's refining segment poised for continued strength?
This article will likely discuss the performance and outlook of Phillips 66's refining segment, analyzing its potential for sustained strength in the market. It will delve into factors that could contribute to or hinder its continued success.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) stock is currently trading at a premium compared to its industry peers, prompting the question of whether its higher valuation is justified. The company is expected to benefit from softer crude oil prices due to its refining business and possesses a diversified business model with significant investments in both refining and midstream operations. Despite these positives, PSX has underperformed the industry in stock performance over the past year and carries an elevated debt-to-capital ratio, leading to a recommendation to hold rather than buy at its current valuation.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) is currently trading at a premium valuation compared to its industry peers, with an EV/EBITDA multiple of 13.25x against an industry average of 5.13x. Despite its diversified business model in refining, midstream, and chemicals, and potential benefits from softer crude oil prices, the stock has underperformed the industry over the past year. Elevated net debt levels also suggest investors should be cautious, prompting a "Hold" recommendation rather than an immediate purchase.
Todd Asset Management LLC Sells 8,879 Shares of Phillips 66 $PSX
Todd Asset Management LLC reduced its stake in Phillips 66 (NYSE:PSX) by 4.1% in the third quarter, selling 8,879 shares and retaining 205,121 shares worth approximately $27.9 million. This move comes as other institutional investors have either increased or slightly decreased their holdings in the company. Phillips 66 recently reported strong earnings, topping consensus estimates, and announced an increased quarterly dividend of $1.27 per share.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) is currently trading at a premium valuation compared to its industry peers, with a trailing 12-month EV/EBITDA multiple of 13.25x. While the company's refining segment is expected to benefit from softer crude oil prices and its diversified business model offers stability, PSX has underperformed the industry in terms of stock price appreciation over the past year. Analysts suggest that investors should not rush into the "overvalued" stock, despite its positive attributes.
HF Sinclair (DINO) Valuation Check As Industrial Oils Unlimited Acquisition And 52 Week High Draw Attention
HF Sinclair (DINO) is drawing attention after completing its acquisition of Industrial Oils Unlimited, expanding its lubricants footprint, and reaching a new 52-week high. While a "narrative fair value" suggests the stock is 40.6% undervalued, an earnings-based view indicates it might be expensive with a P/E of 27.5x compared to industry averages and forecasted revenue decline despite expected earnings growth. Investors are encouraged to consider both perspectives and HF Sinclair's key risks.
How Investors Are Reacting To Phillips 66 (PSX) Dividend Hike After Strong Q4 Earnings
Phillips 66 (PSX) reported strong fourth-quarter 2025 earnings with US$36,333 million in revenue and US$2,906 million in net income, leading to a 5.8% dividend increase to US$1.27 per share. This hike is supported by improved performance and portfolio changes, reinforcing the company's commitment to shareholder payouts. However, the investment narrative still includes risks like refinery turnarounds and the planned Los Angeles refinery closure, which could impact future earnings.
GF Fund Management CO. LTD. Sells 8,342 Shares of Phillips 66 $PSX
GF Fund Management CO. LTD. has reduced its stake in Phillips 66 (NYSE: PSX) by 7.9%, selling 8,342 shares and retaining 97,408 shares valued at $13.25 million. Phillips 66 recently increased its quarterly dividend to $1.27 per share and reported $2.47 EPS for the quarter, surpassing analyst estimates. Despite missing revenue consensus, the stock holds a "Hold" rating from Wall Street analysts with a $158.72 price target.
GF Fund Management CO. LTD. Has $14.16 Million Stock Position in Marathon Petroleum Corporation $MPC
GF Fund Management CO. LTD. increased its stake in Marathon Petroleum Corporation by 8.7% to 73,448 shares, valued at approximately $14.16 million. Marathon Petroleum beat earnings expectations with an EPS of $4.07 and revenue of $35.10 billion, and recently declared a quarterly dividend of $1.00 per share. Institutional ownership of Marathon Petroleum stands at 76.77%, with several other funds also adjusting their positions in the company.
Phillips 66 (PSX) Ascends While Market Falls: Some Facts to Note
Phillips 66 (PSX) saw a 1.76% gain in its stock price, outperforming the S&P 500's daily loss. This performance comes as the company prepares for its next earnings report, with analysts adjusting their expectations. The article highlights recent price movements, the company's valuation metrics, and institutional ownership trends.
Phillips 66 Reshapes Portfolio With Record 2025 Results And Higher Dividend
Phillips 66 (NYSE:PSX) announced record operational performance in 2025, driven by high natural gas volumes and significant portfolio restructuring including the sale of its European retail business and full acquisition of WRB. The company increased its quarterly dividend by 5.8% to US$1.27 per share, supported by a net income of US$4.4 billion for 2025. This strategic realignment and increased payout signal management's confidence in strong current cash generation and a resilient earnings mix.
Wedbush Securities Inc. Has $3.12 Million Position in Phillips 66 $PSX
Wedbush Securities Inc. significantly increased its stake in Phillips 66 (NYSE:PSX) by 44.7% in Q3, now holding 22,941 shares valued at approximately $3.12 million. Other institutional investors have also adjusted their positions in the oil and gas company. Phillips 66 recently reported strong quarterly earnings, exceeding analyst expectations, and raised its quarterly dividend, while analysts have a consensus "Hold" rating and an average price target of $157.18 for the stock.
LSV Asset Management Has $114.90 Million Stock Holdings in Phillips 66 $PSX
LSV Asset Management significantly reduced its stake in Phillips 66 (NYSE:PSX) by 40.7% during the third quarter, decreasing its holdings to 844,728 shares valued at $114.9 million. Despite this, several other institutional investors, including Willis Johnson & Associates Inc. and Allegheny Financial Group, increased their positions in the company. Phillips 66 recently increased its quarterly dividend and reported earnings that topped analyst estimates, but its stock opened down 3.3% on Friday.
Marathon Petroleum stock drops 5% ahead of CPI as oil slide rattles refiners
Marathon Petroleum's stock dropped 5.1% after hitting a 52-week high, influenced by a slide in oil prices and broader market caution ahead of the US CPI report. Other energy companies also saw declines, though some analysts remain positive on refining margins due to global capacity limits. The upcoming CPI report and fuel inventory numbers are key factors for market direction and refiner profitability.
Illinois Municipal Retirement Fund Has $10.75 Million Stock Holdings in Phillips 66 $PSX
The Illinois Municipal Retirement Fund significantly increased its holdings in Phillips 66 (NYSE:PSX) by 10.4% during the third quarter, bringing its total investment to 79,040 shares valued at approximately $10.75 million. This aggressive move comes as Phillips 66 reported strong quarterly earnings, beating analyst estimates with $2.47 EPS, and boosted its quarterly dividend to $1.27. Despite some insider selling, institutional investors maintain a substantial 76.93% stake in the company, with major players like Vanguard Group and Elliott Investment Management also increasing their positions.
Assessing Phillips 66 (PSX) Valuation After Recent Share Price Momentum
Phillips 66 (PSX) has shown mixed short-term stock performance but stronger returns over the past month and year. Despite trading slightly above analyst targets, an internal model suggests the stock is undervalued, with a fair value of $268.71 compared to its recent close of $156.26. This assessment is based on factors like its industry position, operational efficiency, growth initiatives, and financial performance, suggesting potential for higher profit margins if strategic assumptions hold true.
Murphy USA Q4 Earnings Beat Estimates as Fuel Margins Rise
Murphy USA Inc. reported adjusted earnings per share of $7.53 for Q4 2025, surpassing the Zacks Consensus Estimate and showing an increase from the previous year. This outperformance was largely driven by higher merchandise results and an 8.9% rise in total fuel contribution. The company also provided 2026 guidance, forecasting continued unit growth and profitability with plans to open 45-55 new stores.
Phillips 66 (NYSE:PSX) to Issue Quarterly Dividend of $1.27
Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.27 per share, an increase of 5.8% from its previous dividend. This dividend will be paid on March 4th to shareholders of record by February 23rd, representing an annualized dividend yield of 3.1%. The company has a strong dividend history, having increased its dividend for 14 consecutive years, and analysts project sufficient earnings coverage for future payouts.
Murphy USA Q4 Earnings Beat Estimates as Fuel Margins Rise
Murphy USA Inc. reported better-than-expected adjusted earnings per share of $7.53 in Q4 2025, surpassing the Zacks Consensus Estimate of $6.67, driven by strong merchandise results and increased fuel contribution. Despite a slight miss on operating revenues, total fuel contribution and retail gallons saw significant year-over-year increases. The company also provided a positive 2026 guidance, projecting continued unit growth and profitability.
Krilogy Financial LLC Acquires New Stake in Phillips 66 $PSX
Krilogy Financial LLC has acquired a new stake in Phillips 66 (NYSE:PSX), purchasing 14,148 shares valued at approximately $1.92 million during the third quarter. Several other institutional investors also adjusted their positions in the oil and gas company. Analysts currently have an average "Hold" rating on Phillips 66, with an average target price of $157.18, and the company recently increased its quarterly dividend.
Phillips 66 raises quarterly dividend to $1.27 per share
Phillips 66 (PSX) has announced that its board of directors declared a quarterly dividend of $1.27 per share, marking a $0.07 increase. This dividend is scheduled to be paid on March 4, 2026, to shareholders who are on record as of February 23, 2026. The announcement was first published by TheFly.
Phillips 66 (PSX) Shows Earnings Momentum Amid Strategic Portfolio Transformation
Phillips 66 (NYSE: PSX) demonstrated strong fourth-quarter and full-year 2025 results, driven by a rebound in US refining margins and strategic portfolio transformations. The company reported $2.9 billion in fourth-quarter earnings and $4.4 billion for the full year, while also enhancing its asset base through divestitures and acquisitions. Citi raised its price target for Phillips 66 to $159 following these positive developments, affirming the company's strong performance.
Phillips 66 (PSX) Shows Earnings Momentum Amid Strategic Portfolio Transformation
Phillips 66 (PSX) demonstrated strong financial performance in Q4 2025 and the full year, driven by a rebound in US refining margins and strategic portfolio changes. The company reported substantial earnings of $2.9 billion in Q4 and $4.4 billion for the full year, alongside record natural gas transportation and fractioning volumes. CEO Mark Lashier highlighted 2025 as a transformative year, marked by divestitures and acquisitions to enhance Phillips 66's core assets and competitive position.
Phillips 66 Clears Technical Benchmark, Hitting 80-Plus RS Rating
Phillips 66 (PSX) received a positive adjustment to its Relative Strength (RS) Rating, moving from 79 to 83 on Thursday. This upgrade indicates improving technical performance for the stock. IBD's RS Rating measures a stock's price movement over 52 weeks against other major index stocks.
Zacks Industry Outlook Highlights Phillips 66, Marathon Petroleum and Valero Energy
The Zacks Oil and Gas - Refining & Marketing industry, despite inherent volatility and a bearish near-term outlook, has outperformed broader energy and the S&P 500 over the past year. Factors such as operational flexibility and export linkages offer resilience, though cost inflation and regulatory pressures remain challenges. The article highlights Phillips 66, Marathon Petroleum, and Valero Energy as investment opportunities due to their strong fundamentals and growth prospects within this sector.
Zacks Industry Outlook Highlights Phillips 66, Marathon Petroleum and Valero Energy
The Zacks Oil and Gas - Refining & Marketing industry, despite being volatile and facing challenges like cost inflation and regulatory pressures, has outperformed the broader energy sector and the S&P 500. While the industry has a bearish near-term outlook, companies like Phillips 66, Marathon Petroleum, and Valero Energy are highlighted as investment opportunities due to their strong fundamentals and growth prospects. These companies demonstrate operational flexibility and provide shareholder returns, making them resilient in a dynamic market.
Phillips 66 (PSX) Boosts Dividend by 5.8% to $1.27 Per Share
Phillips 66 (PSX) has announced a 5.8% increase in its quarterly dividend, raising it to $1.27 per share. This translates to a forward yield of 3.17% and reflects the company's commitment to returning capital to shareholders. While the company exhibits strong financial health with a good Altman Z-Score, it faces challenges with profitability margins, ongoing debt issuance, and insider selling trends, indicating potential overvaluation according to current metrics.
Cheap Crude Delivers Big Earnings for US Refiners
U.S. refiners Marathon Petroleum, Valero Energy Corp., and Phillips 66 reported strong fourth-quarter earnings, exceeding estimates due to an abundance of cheap crude oil. The refining industry is benefiting from global fuel demand rising faster than new refining capacity, allowing them to purchase less expensive feedstock and sell finished fuels at higher prices. Executives anticipate continued profitability in 2026 and beyond, with strong margins and growing demand, particularly boosted by access to cheaper heavy crudes like those from Venezuela.
Phillips 66 raises quarterly dividend by 5.8% to $1.27/share
Phillips 66 (NYSE: PSX) has announced a 5.8% increase in its quarterly dividend, raising it by 7 cents to $1.27 per share. This new dividend is payable on March 1, 2026, to shareholders of record as of February 17, 2026. The increase reflects the company's commitment to returning value to shareholders.
Phillips 66 (PSX) Reports Strong Results for Q4
Phillips 66 (PSX) reported strong Q4 2025 results, with adjusted EPS beating expectations and revenue up 7% year-over-year. The company's refining segment saw a significant rebound, with realized margins more than doubling and high crude capacity utilization. This performance led to reduced debt and positive attention from analysts, who raised their price targets for the stock.
Phillips 66 (PSX) reports strong results for Q4
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Concerns Surrounding Phillips 66's (NYSE:PSX) Performance
Despite a solid earnings report that boosted Phillips 66's stock price, an analysis by Simply Wall St identified a significant portion of the profit stemming from a US$960m gain due to unusual items. This non-recurring factor suggests that the company's underlying earnings power might be less than its reported statutory profit. Shareholders are advised to consider that future profits may drop if this contribution does not repeat.
CVR Energy’s US$1 Billion Refinancing Could Be A Game Changer For CVR Energy (CVI)
CVR Energy recently completed a US$1 billion private placement of senior unsecured notes to refinance existing debt, aiming to reshape its capital structure and extend debt maturities. While this move improves the company's debt profile, the article emphasizes that it doesn't change near-term operational catalysts or key risks, such as weak margins and rising compliance costs. The refinancing is linked to past investments in the Coffeyville turnaround, which are expected to yield improved operational performance through 2027.
