Valero Energy Price Target Raised by Goldman Sachs to $237 | April 2026 Analysis - News and Statistics
Goldman Sachs has increased its price target for Valero Energy from $203 to $237, citing the refiner's benefits from current market volatility driven by geopolitical events. While Valero is expected to report positive first-quarter earnings, its stock price already exceeds the new target, suggesting the market has largely factored in favorable news. Investors are advised to exercise caution due to the sector's inherent volatility and potential future headwinds if geopolitical tensions ease.
Phillips 66 Sees Losses Of $900M In Q1 Amid Tension In Gulf
Phillips 66 has disclosed an estimated $900 million in pre-tax mark-to-market losses for the first quarter of 2026, primarily due to derivative positions and segment-specific challenges in refining, midstream, chemicals, and marketing. The company addressed a related $3 billion cash collateral outflow by drawing a new $2.25 billion term loan and expanding its accounts receivable securitization program. Despite these challenges, Phillips 66 maintains $6 billion in liquidity and aims to reduce its total debt to $17 billion by the end of 2027.
Stock Yards Bank & Trust Co. Increases Stake in Waste Management
Stock Yards Bank & Trust Co. has increased its stake in Waste Management Inc. by 10% during the fourth quarter of 2025, according to its latest SEC filing. The bank now owns over 167,000 shares of Waste Management, valued at $36.9 million, making it the 29th largest holding in its portfolio. This move reflects Waste Management's strong market position and growth potential as a critical infrastructure provider within the waste management industry.
Hedging Headache: Phillips 66 Braces for $900 Million Hit as Geopolitical Tensions Upend Energy Markets
Phillips 66 is set to incur an estimated $900 million pre-tax mark-to-market loss on commodity derivatives for Q1 2026 due to sudden crude oil price surges caused by geopolitical tensions in the Middle East. This "paper" loss, largely driven by a short squeeze on its derivative contracts, highlights the risks of sophisticated hedging strategies amidst extreme market volatility and will significantly impact the company's Q1 earnings and liquidity. The event serves as a warning for the energy industry's risk management philosophies, potentially leading Phillips 66 to revise its hedging strategies and prompting similar pressures for other refiners.
A Look At Phillips 66 (PSX) Valuation After Recent Strong Share Price Performance
Phillips 66 (PSX) has shown strong share price performance recently, with gains of 6.9% over the past month and 29.8% over three months. Despite its current trading price of US$177.33, a popular narrative suggests the stock is 34% undervalued, with a fair value estimated at US$268.71. This valuation hinges on assumptions of modest revenue and net income growth, and a future P/E of 20.
Hold These 3 High-Yield Pipeline Stocks Forever and Let the Income Roll In
This article identifies three high-yield pipeline stocks—Enbridge, Energy Transfer, and Enterprise Products Partners—as favorable long-term investments for income-focused investors. It highlights their stable cash flows due to the nature of their midstream operations, which are less susceptible to oil and gas price volatility. Each company is presented with its unique strengths, including extensive pipeline networks, strong dividend histories, and growth opportunities.
Phillips 66 Books $900MM in Hedging Losses as Prices Surge
Phillips 66 announced approximately $900 million in pre-tax mark-to-market losses for the first quarter due to its short position in derivatives contracts as commodity prices surged. This led to a $3 billion cash collateral outflow, necessitating the company to draw on credit lines and issue new loans to manage liquidity. Despite these losses, Phillips 66 asserts it is well-positioned to handle future commodity price volatility with ample liquidity.
Phillips 66 forecasts up to $1B in derivatives losses as oil prices rise (PSX:NYSE)
Phillips 66 (PSX) anticipates up to $1 billion in pre-tax mark-to-market losses from derivatives in Q1 due to a significant increase in commodity prices. The losses are attributed to the ongoing Middle East conflict. The company reported this impact in an 8-K filing.
Phillips 66 Faces $900 Million Loss as Iran Crisis Lifts Oil Prices
U.S. refiner Phillips 66 anticipates nearly $900 million in pre-tax mark-to-market losses for its first quarter due to a sharp increase in commodity prices following the U.S.-Israeli war on Iran. These losses stem from the company's net short position in various derivatives contracts and are distributed across its refining, marketing and specialties, and renewable fuels segments. The surge in oil prices, with Brent futures up 64% and West Texas Intermediate up 52% in March, was driven by global energy market disruptions caused by Iran's effective closure of the Strait of Hormuz.
Phillips 66 stock: Why energy investors watch this refining giant now
Phillips 66 is highlighted as a key refining giant for energy investors due to its diversified operations across refining, midstream, chemicals, and renewables. The company offers stable cash flows, consistent dividends, and buybacks, appealing to investors seeking long-term energy exposure without upstream risks. Analysts generally view Phillips 66 positively, citing its strong balance sheet, capital discipline, and strategic investments in renewable fuels.
Phillips 66 says Q1 results hit by $900 million mark-to-market losses
Phillips 66 reported that its first-quarter results were significantly impacted by $900 million in mark-to-market losses. This brief news item highlights the financial challenge faced by the company in its recent quarter.
Phillips 66: Wartime Beneficiary Of Surging Diesel And Chemicals Margin (Double Rating Upgrade)
Phillips 66 (PSX) has been upgraded to Strong Buy due to surging diesel and chemical margins, primarily driven by the war on Iran and the closure of the Strait of Hormuz. The company's heavy crude refining capacity and recent acquisition position it to benefit from high diesel prices and discounted Canadian heavy feedstock. Additionally, disruptions in Asian chemical supply are boosting CPChem's U.S. operations, and PSX's NGLs fractionation and LPG exports are highly leveraged to higher oil prices.
UBS reiterates Valero Energy stock Buy rating on tight diesel markets
UBS has reaffirmed its Buy rating on Valero Energy (NYSE: VLO) with a $280 price target, citing tight European diesel markets and strong operational performance. The company is actively increasing diesel and jet fuel production to meet high demand, particularly due to the Pearl GTL outage impacting high cetane diesel supply. Valero's stock is considered undervalued by InvestingPro analysis, despite a 140% increase over the past year.
5 Broker-Liked Stocks Worth Tracking Amid the Middle East Conflict
Amid the extreme volatility in global financial markets caused by the Middle East conflict, investors are advised to consider broker-adored stocks. This article identifies five such stocks—Cable One (CABO), Phillips 66 (PSX), Archer Daniels Midland Company (ADM), CVR Energy (CVI), and Cross Country Healthcare (CCRN)—that show improving broker recommendations and upward revisions in earnings estimates, making them potentially resilient investment options during turbulent times.
Phillips 66 (NYSE:PSX) Price Target Raised to $193.00
Wolfe Research has increased its price target for Phillips 66 (NYSE:PSX) to $193.00 from $187.00, maintaining an "outperform" rating, suggesting a potential upside of 9.7% from its last close. The company consistently beats EPS estimates, however, insiders have sold a significant number of shares recently, totaling approximately $17 million in value. Despite mixed analyst opinions, the consensus remains a "Moderate Buy" with an average price target of $173.39.
Wolfe Research Adjusts Price Target on Phillips 66 to $193 From $187, Maintains Outperform Rating
Wolfe Research has increased its price target for Phillips 66 (PSX) to $193 from $187, while reiterating an Outperform rating on the stock. This adjustment reflects a positive outlook from the research firm regarding the oil and gas refining and marketing company. The article also briefly lists other recent analyst adjustments and company news.
With California Gas Prices Soaring, Now's Not the Time for New Oil Regs
California faces soaring gas prices and a shrinking refining capacity, exacerbated by proposed changes to the state's "cap-and-invest" program. Critics argue these changes could increase gas prices by up to $1 per gallon by 2030, leading to unsustainable compliance costs for refineries and increased reliance on foreign fuel imports. The article suggests that rushing these regulations without considering the impact on working Californians is reckless and pushes the California dream further out of reach for many.
Perpetual Ltd Makes New Investment in Hewlett Packard Enterprise Company $HPE
Perpetual Ltd recently acquired 1,422,248 shares of Hewlett Packard Enterprise (HPE) in Q4, valued at approximately $34.16 million, representing 0.11% of the company. This investment comes after HPE reported strong Q results, beating EPS expectations and providing positive FY2026 guidance. Despite insider selling, institutional investors like Vanguard Group and Elliott Investment Management have also significantly invested in HPE.
Phillips 66 $PSX Position Decreased by Lawson Kroeker Investment Management Inc. NE
Lawson Kroeker Investment Management Inc. NE reduced its stake in Phillips 66 (NYSE:PSX) by 31.2% in the fourth quarter, selling 46,652 shares and now owning 102,964 shares valued at $13.29 million. Despite this, other major institutions like Vanguard, Elliott, and AQR significantly increased their positions, and analysts have raised price targets, with UBS setting a notable $212 target. Phillips 66 also increased its quarterly dividend to $1.27 per share and reported a Q4 EPS of $2.47, surpassing estimates.
Thurston Springer Miller Herd & Titak Inc. Increases Position in Phillips 66 $PSX
Thurston Springer Miller Herd & Titak Inc. significantly increased its stake in Phillips 66 (NYSE:PSX) by 389.1% in the fourth quarter, now owning 10,232 shares valued at $1.32 million. This move is part of broader institutional investor activity, with hedge funds and other investors collectively owning 76.93% of the company's stock. Phillips 66 recently reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend to $1.27 per share.
Aberdeen Group Reduces Emerson Electric Holdings
Aberdeen Group plc, an institutional investor, decreased its stake in Emerson Electric Co. by 1.7% in the fourth quarter, now holding 541,130 shares valued at approximately $71.82 million. This move, detailed in a recent SEC filing, indicates ongoing scrutiny by major funds on industrial giants like Emerson Electric. Investors will be observing future adjustments to Aberdeen Group's position to gauge market sentiment and the company's long-term prospects.
Phillips 66 (NYSE:PSX) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Twenty-three brokerage firms have issued a "Moderate Buy" consensus rating for Phillips 66 (NYSE:PSX), with an average 12-month target price of $171.78. Despite recent insider selling totaling approximately $17 million, the company reported strong Q4 2025 earnings of $2.47 EPS, exceeding estimates, and increased its quarterly dividend to $1.27. Upcoming Q1 2026 earnings are anticipated to show substantial year-over-year EPS growth, acting as a potential near-term catalyst.
Loreto Manolo Zamora Discloses Investment at Phillips 66 with 10% Stake
Loreto Manolo Zamora has disclosed a 10% beneficial ownership stake in Phillips 66 (PSX) common stock, filing a Schedule 13D on April 3, 2026. He states his intention to hold the position for long-term administrative and investment purposes, without current plans for extraordinary corporate transactions. Zamora, identified as the Principal and Account Administrator of LMZ & Berkshire Hathaway Co., views this as part of institutional repatriation and reconciliation of equity entitlements valued at $4 billion.
Filer reports 10% beneficial interest in Phillips 66 (NYSE: PSX) tied to $4B claim
A Schedule 13D filing indicates that Loreto Manolo Zamora and Link Co claim a 10% beneficial ownership interest in Phillips 66 (NYSE: PSX), tied to an administrative claim worth $4 billion in equity entitlements and institutional assets for the 2015-2026 period. This interest, consisting of 1 common share, grants sole voting and dispositive power to the reporting owner acting as Principal and Account Administrator of LMZ & Berkshire Hathaway Co. The stated purpose is long-term administrative and investment holding, focusing on asset reconciliation, with no immediate plans for extraordinary corporate transactions.
UBS Sticks to Its Buy Rating for Phillips 66 (PSX)
UBS analyst Manav Gupta reiterated a Buy rating on Phillips 66 (PSX) with a $212.00 price target. This aligns with other positive analyst coverage from Wells Fargo, although Bank of America Securities maintains a Hold rating. The company recently reported strong quarterly revenues and net profits, but corporate insider sentiment is negative due to increased insider selling.
Suncor Energy Inc (SU) Stock Price, Quote, News & History
This article provides a comprehensive overview of Suncor Energy Inc. (SU), including its current stock price, key statistics, recent news, financial performance metrics, analyst trends, and valuation. It also lists the company's sector, industry, and competitors, offering investors a detailed snapshot of SU's market position and financial health.
StealthGas Inc Stock: Seagoing LPG Carrier Operator Navigates Volatile Energy Shipping Markets for Steady Returns
StealthGas Inc (GASS) offers North American investors exposure to global energy shipping, specializing in LPG transportation. The company employs a strategy of long-term charters and fleet modernization with eco-friendly vessels to ensure predictable cash flows and mitigate market volatility. Investors are advised to monitor LPG export trends, fleet expansion, and upcoming quarterly results for further insight into the company's performance and market position.
Phillips 66 Reports Refining Margins Have Doubled Amid Changing Commodity Dynamics—Will the Surge Last?
Phillips 66 has seen its refining margins double due to strong market dynamics, with its stock performing well alongside competitors like Valero and Marathon Petroleum. The company's midstream segment is also projected to grow significantly, aiming for $4.5 billion in adjusted EBITDA by 2027. While market optimism has driven a premium valuation, the sustainability of this surge depends on continued strong refining margins and successful execution of midstream growth, which will be clarified by upcoming Q1 earnings and commodity data.
UBS Maintains Phillips 66(PSX.US) With Buy Rating, Raises Target Price to $212
UBS has reaffirmed its Buy rating on Phillips 66 (PSX.US) and increased its target price for the stock to $212. This indicates a positive outlook from the analytical firm regarding the company's future performance. The target price adjustment suggests an expectation of significant upside potential based on their analysis.
Energy Security Drives Coal ETF Assets to Double in March
The conflict in the Persian Gulf has caused coal ETF assets, specifically the Range Global Coal Index ETF (COAL), to double in March due to strong investor inflows and robust price performance. This surge highlights a global shift in priorities towards energy security, reliability, and affordability, often sidelining climate concerns during energy crises. Despite long-term green transition goals, coal's role in the global energy mix is prolonged as nations seek diversified and dependable power supplies amidst volatile oil and LNG markets.
Phillips 66 Stock: Strategic Downstream Leader Poised for Q1 Earnings Momentum Amid Refining Strengt
Phillips 66 (PSX) is an energy manufacturing and logistics company focusing on downstream activities, leveraging its refining, midstream, marketing, and renewables segments for revenue stability. The company recently surpassed Q4 2025 EPS expectations and analysts project significant earnings growth for Q1 2026 and full-year 2026. With a "Moderate Buy" consensus and strategic governance, Phillips 66 offers North American investors exposure to the U.S.-centric refining sector amidst market volatility.
Phillips 66 (PSX) CFO Unloads $2.97M in Shares as Stock Nears Peak
Phillips 66 CFO Kevin Mitchell sold 15,629 shares of PSX, valued at approximately $2.97 million, on March 30, 2026, while concurrently exercising stock options. The sale occurred as the stock traded near its 52-week high, following a 46% surge over the past year. Mitchell still retains direct ownership of 97,376 shares, and the transaction is viewed as personal financial planning rather than a negative outlook on the company's strong fundamentals.
Phillips 66 (NYSE:PSX) CFO Kevin Mitchell Sells 15,629 Shares
Phillips 66 (NYSE:PSX) CFO Kevin Mitchell sold 15,629 shares of the company's stock for approximately $2.97 million, reducing his stake by 13.83%. This insider sale occurred as the stock traded near its 1-year high, potentially signaling negative sentiment despite recent positive earnings, a dividend increase, and constructive analyst ratings. The company recently reported strong earnings per share, beat consensus estimates, and increased its quarterly dividend.
Phillips 66 (PSX) Stock — CFO Sells $2.97M Near 52-Week High
Phillips 66 (PSX) CFO Kevin Mitchell sold 15,629 shares worth $2.97 million on March 30, 2026, near the stock's 52-week high, while simultaneously exercising options to acquire the same number of shares at a lower price. This transaction occurred after PSX stock had gained approximately 46% over the past year. Despite the insider sale, analysts maintain a constructive outlook on PSX, with the stock currently undervalued compared to its estimated fair value.
Phillips 66 (PSX) Shares Fall as Broader Market Rises: Important Details
Phillips 66 (PSX) shares experienced a 3.59% decline to $175.64, contrasting with gains in the broader market indices like the S&P 500, Dow Jones, and Nasdaq. Despite this drop, the company's shares had seen a significant 14.02% increase prior to the recent session, outperforming its sector and the S&P 500. Investors are anticipating strong earnings growth for Phillips 66's upcoming report on April 29, 2026, with analysts expecting a 346.67% improvement in EPS over the prior year.
Phillips 66 (PSX) Stock — CFO Sells $2.97M Near 52-Week High
Phillips 66 (PSX) CFO Kevin Mitchell sold 15,629 shares of the company's stock, valued at $2.97 million, on March 30, 2026. This sale occurred near the stock's 52-week high, after PSX had gained nearly 46% over the past year. Concurrently, Mitchell exercised options to acquire the same number of shares at a lower price, indicating a strategic portfolio management move rather than a negative outlook on the company.
Exxon’s costly tumble raises question for investors
Exxon Mobil and the broader energy sector experienced a sharp decline following signals of potential peace in the Middle East, which led to a drop in crude oil prices. This sudden reversal raised concerns about the foundation of the recent oil rally, as geopolitical risk premiums had largely driven the sector's gains. Despite the short-term volatility, institutional investors continue to show confidence in Exxon's long-term prospects.
The Pure-Play Titan: A Deep Dive into ConocoPhillips (COP) in 2026
ConocoPhillips (COP) has solidified its position as the world's largest independent exploration and production company in 2026, reaching all-time stock highs after integrating Marathon Oil and focusing on a "barbell" strategy. The company prioritizes shareholder returns, a resilient balance sheet, and energy transition leadership under CEO Ryan Lance, navigating commodity price volatility and regulatory challenges with a low cost of supply and strategic projects like Willow and LNG expansion. Its pure-play E&P model, coupled with disciplined financial management, positions it uniquely in the evolving energy market.
Phillips 66 (PSX) stock dips while market gains: Key facts
This article from MSN reports that Phillips 66 (PSX) stock experienced a dip, while the broader market saw gains. The content's availability is limited to this observation, as the complete article text was not provided.
Paul Singer Escalates War on Phillips 66: Activism Returns to the Core of U.S. Energy:
Paul Singer's Elliott Management has intensified its activist campaign against Phillips 66, pushing for portfolio simplification, board representation, enhanced capital return policies, and operational improvements. This campaign highlights a broader resurgence of activist investing in the energy sector, challenging large, diversified companies that historically avoided such pressure. The situation signals a new era of accountability for corporate America, especially in a market demanding greater transparency and disciplined capital allocation.
Phillips 66 exec. VP Mitchell sells $2.97 million in stock
Kevin J. Mitchell, Executive Vice President and CFO of Phillips 66 (NYSE:PSX), sold 15,629 shares of company stock for $2.97 million and exercised options to acquire an equal number of shares for $1.48 million. These transactions occurred on March 30, 2026, with the sale price near the stock's 52-week high after a 46% gain over the past year. Following these actions, Mitchell directly owns 97,376 shares and indirectly owns 1,300.777 shares of Phillips 66 common stock.
Phillips 66 (PSX) Shares Down 3.81% on Apr 1
Shares of Phillips 66 (PSX) dropped 3.81% on April 1, closing at $175.25. Wall Street analysts have an average target price of $165.87 for PSX, implying a potential 5.35% downside from its current price. GuruFocus estimates the fair value (GF Value) of Phillips 66 to be $125.57, suggesting a larger downside of 28.35%.
Phillips 66 (PSX) Shares Fall as Broader Market Rises: Important Details
Phillips 66 (PSX) shares fell by 3.59% to $175.64 while the broader market indices, including the S&P 500, Dow Jones, and Nasdaq, saw gains. Despite this recent dip, PSX had previously outperformed the Oils-Energy sector and the S&P 500. The company is set to release its Q1 2026 earnings on April 29, with analysts anticipating significant EPS growth and a slight revenue decrease compared to the previous year.
BTC Capital Management Inc. Invests $3.02 Million in Phillips 66 $PSX
BTC Capital Management Inc. has acquired a new stake of 23,457 shares in Phillips 66 (NYSE:PSX) during Q4, valued at approximately $3.02 million. This comes as Phillips 66's stock has a "Moderate Buy" consensus rating from Wall Street analysts with a target price of $166.11, and the company recently increased its quarterly dividend to $1.27 per share. Despite some insider selling, institutional investors and hedge funds now own 76.93% of the company's stock.
Lindsey Oil Refinery worker's sadness ahead of final shift
A pipe fitter, David Cook, is expressing sadness as he prepares for his final shift at Lindsey Oil Refinery in North Killingholme, having worked there for 14 years. The refinery's owner, Prax, collapsed in June 2025, leading to a takeover by Phillips 66 which will not restart refining operations, resulting in job losses for many employees, including Cook. While some workers have been offered roles with Phillips 66 or retained for the site's transition, Cook, 63, faces the challenge of finding new employment in a competitive job market.
Delek stock jumps 204% over the past year: Is it time for investors to cash out?
Delek US Holdings, Inc. (DK) has seen its stock price surge by over 200% in the past year, outperforming its industry and peers due to expanding refining margins, a clear path to free cash flow growth, a strengthening financial position, and operational enhancements. Despite this strong performance, investors are advised to consider a "Hold" strategy due to an anticipated 83.3% drop in 2026 earnings per share, high capital requirements, regulatory uncertainties, and operational risks from maintenance shutdowns. The company's Zacks Rank #3 (Hold) rating suggests monitoring its progress and waiting for greater earnings clarity.
Phillips 66 stock outperforms competitors despite losses on the day
Shares of Phillips 66 (PSX) declined 1.42% to $182.18 on Tuesday, marking its second consecutive day of losses despite a positive broader market performance. The S&P 500 Index and Dow Jones Industrial Average both saw significant gains. Despite its daily loss, the article title suggests Phillips 66 stock performed better than its direct competitors.
Delek Shares Surges 204% in a Year: Should Investors Lock In Profits?
Delek US Holdings, Inc. (DK) shares have surged 204% over the last year, outperforming its sub-industry, the broader oil and energy sector, and peers like CVR Energy and Phillips 66. The company benefits from widening refining crack spreads, a strong free cash flow outlook, an improving balance sheet, and operational efficiencies. However, investors need to consider potential challenges such as an anticipated 83.3% decline in 2026 earnings, a capital-intensive business model, reliance on regulatory outcomes, and operational risks from refinery turnarounds.
Phillips 66 (NYSE:PSX) Price Target Raised to $201.00 at Wells Fargo & Company
Wells Fargo & Company has increased its price target for Phillips 66 (NYSE:PSX) to $201.00 from $163.00, maintaining an "overweight" rating and suggesting a potential upside of 7.89%. Other analysts have also recently upgraded the stock or raised their price targets, contributing to a "Moderate Buy" consensus rating from MarketBeat. Despite missing revenue estimates, Phillips 66 surpassed EPS forecasts, reporting $2.47 per share against an estimated $2.15, while insiders have sold approximately $14.07 million in shares over the last three months.
Opinion | With Californians paying sky-high gas prices, now’s not the time for new oil regulations
Tony Strickland argues that new oil regulations in California, particularly updates to the "cap-and-invest" program, will exacerbate the state's already high gas prices and negatively impact its energy infrastructure. He contends that these changes could lead to refineries shutting down, increasing reliance on imported fuel, and causing economic hardship for working families, despite Governor Newsom's push towards an "import model." Strickland urges the California Air Resources Board (CARB) to reconsider its proposal to protect in-state energy infrastructure and avoid further financial burdens on Californians.
