Phillips 66 ($PSX) Stock Forecast: Down 5.1% Today

What is Phillips 66?

Phillips 66 (NYSE: PSX) is a leading energy manufacturing and logistics company with a focus on refining, midstream, and chemicals businesses. Today, the stock experienced a strong bearish movement in the market.

Why is Phillips 66 going down?

PSX stock is down 5.1% on Dec 16, 2025 19:40

• Despite unveiling a robust $2.4 billion capital spending plan for 2026, with a focus on growth projects and enhancing profitability, the stock saw a bearish trend.
• The reiteration of an Outperform rating by BMO Capital and positive outlook from other firms like UBS and Piper Sandler did not seem to offset the downward movement.
• The acquisition of a significant number of shares by Geneos Wealth Management Inc. might have indicated confidence in the company, but it did not prevent the bearish market movement.
• The bearish movement could be attributed to broader market conditions, profit-taking by investors following recent gains, or potential concerns about the company's high dividend payout ratio despite surpassing earnings expectations.

PSX Price Chart

PSX Technical Analysis

PSX News

Phillips 66 Unveils $2.4 Billion Capital Spending Plan for 2026

Phillips 66 has announced a $2.4 billion capital budget for 2026, marking an increase from 2025 and primarily focusing on its midstream and refining segments. The plan allocates $1.1 billion to maintenance and $1.3 billion to growth projects, including significant expansions in its NGL business and refining infrastructure. This strategic investment aims to enhance fee-based revenues and improve profitability by processing diverse crude sources into higher-value fuels.

https://sg.finance.yahoo.com/news/phillips-66-unveils-2-4-150800458.html

BMO Capital reiterates Outperform rating on Phillips 66 stock at $159 target

BMO Capital has reiterated its Outperform rating and $159 price target for Phillips 66 (NYSE:PSX), aligning with InvestingPro's Fair Value assessment. This positive outlook follows Phillips 66's strategic actions in 2025, including portfolio strengthening, midstream expansion, and divestitures, with management emphasizing integration and shareholder value creation. Other firms like UBS and Piper Sandler have also provided recent analyses, with UBS maintaining a Buy rating and Piper Sandler a Neutral rating, reflecting the company's ongoing strategic moves.

https://uk.investing.com/news/analyst-ratings/bmo-capital-reiterates-outperform-rating-on-phillips-66-stock-at-159-target-93CH-4419952

Phillips 66 Budgets $2.4B for 2026

Phillips 66 announced a $2.4 billion capital budget for 2026, allocating $1.1 billion for sustaining capital and $1.3 billion for growth initiatives. The company plans significant investments in its refining business, midstream segment, and the Chevron Phillips Chemical Co LLC joint venture, focusing on NGL value chain growth, high-return refining projects, and expanding petrochemical facilities. This budget reflects a commitment to capital discipline and maximizing shareholder returns.

https://www.rigzone.com/news/phillips_66_budgets_24b_for_2026-16-dec-2025-182547-article/

Geneos Wealth Management Inc. Acquires 17,445 Shares of Phillips 66 $PSX

Geneos Wealth Management Inc. significantly increased its stake in Phillips 66 (NYSE:PSX) by purchasing an additional 17,445 shares, bringing its total holdings to 22,054 shares valued at approximately $2.631 million. Phillips 66 recently surpassed quarterly earnings expectations and declared a dividend, though its payout ratio is high. Analysts generally rate the stock as "Hold" with an average target price of $148.35, while insiders have been net sellers.

https://www.marketbeat.com/instant-alerts/filing-geneos-wealth-management-inc-acquires-17445-shares-of-phillips-66-psx-2025-12-16/

Ovintiv Signs 12-Year Deal for Cedar LNG Export Capacity

Ovintiv has secured a 12-year agreement with Pembina Pipeline Corporation for 0.5 MMtpa of liquefaction capacity at the Cedar LNG facility. This deal enhances Ovintiv's access to Asian LNG markets and expands export pathways for its Montney natural gas, with commercial operations targeted for late 2028. The agreement supports Ovintiv's strategy to maximize the value of its natural gas resources through global LNG participation.

https://pgjonline.com/news/2025/december/ovintiv-secures-long-term-cedar-lng-capacity-in-deal-with-pembina

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Phillips 66 Price History

10.09.2025 - PSX Stock was down 2.7%

• The bearish movement in PSX today could be attributed to profit-taking by investors after the stock's strong performance over the past 5 years.
• Market sentiment may have shifted due to concerns about the energy sector's outlook or specific company developments.
• It's possible that external factors such as changes in oil prices or regulatory issues impacted PSX's stock price negatively today.

13.04.2025 - PSX Stock was up 5.2%

• Phillips 66 experienced a strong bullish movement today.
• The bullish movement could be attributed to recent developments regarding an activist investor's win in a proxy fight, with a recommendation for changes in the board composition.
• The validation of the case for change and criticism of operating performance and disclosure practices likely boosted investor confidence in potential strategic improvements.
• This development suggests that investors are optimistic about the prospect of strategic changes at Phillips 66, contributing to the bullish market movement.

09.03.2025 - PSX Stock was down 5.1%

• The bearish movement in PSX today can be attributed to the following factors:
• Energy industry veteran Gregory J. Goff's letter highlighting a breakdown in board governance and lackluster shareholder value delivery may have eroded investor confidence.
• Elliott's engagement and launch of the "Streamline 66" podcast featuring refining discussions with director nominees could have stirred uncertainty and potential restructuring concerns among investors.
• Despite recent bullish bets by financial giants on PSX options, the overall sentiment may have been swayed by Elliott's campaign for board change to improve performance and increase shareholder value.
• The emphasis on a retain strategy for PSX, focusing on stable businesses like midstream and renewables, might not have been sufficient to offset concerns raised by Elliott's push for board changes and strategic realignment.

08.03.2025 - PSX Stock was down 5.1%

• The bearish movement in PSX today could be attributed to the overall market gains, which led to a slight decline in the stock price.
• The launch of the "Streamline 66" podcast by Elliott featuring industry experts like Brian Coffman may have generated some positive buzz, but it seems that investors were more influenced by the market trends.
• Despite Elliott's campaign for board changes at Phillips 66 to improve performance and increase shareholder value, the stock experienced a slight dip, possibly due to profit-taking by some investors.
• The bullish bets on PSX options by financial giants might have initially sparked optimism, but the overall market sentiment and trading dynamics ultimately led to the stock sinking slightly.

22.03.2025 - PSX Stock was up 5.0%

• The positive movement in PSX stock might be linked to options traders demonstrating confidence in the company's future, as seen in the options market activities.
• While surveys indicated concerns about operations, CEO effectiveness, and value creation, investors seem to be looking ahead to potential turnaround strategies or upcoming positive developments within the company.
• The discrepancy between the survey findings and the market performance suggests that investors may be focusing on future improvements or strategic changes in Phillips 66's business operations.
• This discrepancy in sentiment underscores the intricate nature of investor decision-making and underlines the significance of considering various factors beyond survey results when assessing a stock's performance.

16.11.2025 - PSX Stock was down 5.1%

• Despite unveiling a robust $2.4 billion capital spending plan for 2026, with a focus on growth projects and enhancing profitability, the stock saw a bearish trend.
• The reiteration of an Outperform rating by BMO Capital and positive outlook from other firms like UBS and Piper Sandler did not seem to offset the downward movement.
• The acquisition of a significant number of shares by Geneos Wealth Management Inc. might have indicated confidence in the company, but it did not prevent the bearish market movement.
• The bearish movement could be attributed to broader market conditions, profit-taking by investors following recent gains, or potential concerns about the company's high dividend payout ratio despite surpassing earnings expectations.

22.07.2025 - PSX Stock was up 4.3%

• The bullish movement in PSX could be attributed to the reduced gasoline output at its Bayway refinery in New Jersey.
• The production outage at a key unit might have led investors to anticipate a potential increase in gasoline prices, hence driving up the stock price.
• This incident highlights the vulnerability of oil and gas companies to operational disruptions, which can have a significant impact on their stock performance.

21.04.2025 - PSX Stock was down 6.4%

• The bearish movement in PSX stock today could be attributed to external factors prompting for change within the company, potentially causing uncertainty among investors.
• The announcement of the divestment of a majority stake in its European fuel retail unit could have also contributed to the negative sentiment, as it indicates a shift in the company's strategic focus.
• The increased stake of a particular entity in Phillips 66, as well as their efforts to drive positive change through new director nominees, might have created some short-term volatility in the stock as investors assess the potential impact of these developments.
• Overall, the market reaction to recent events suggests that investors are closely monitoring the company's strategic decisions and potential changes in leadership, leading to the bearish movement in the stock today.

10.03.2025 - PSX Stock was down 5.0%

• PSX recently saw an 11.1% surge, but this growth may not have been supported by positive earnings estimate revisions, resulting in profit-taking and a bearish trend.
• Gregory J. Goff, a prominent figure in the energy industry, expressed concerns about governance issues and the lack of desired outcomes from the current strategy in a letter to shareholders, potentially impacting investor confidence and fueling the bearish movement.
• The engagement of Elliott Management with Phillips 66 has raised uncertainty and investor concerns, possibly contributing to the current bearish market sentiment.
• While some financial institutions took bullish positions in PSX options, overall trading sentiment was mixed, with 66% of traders being bullish and 33% leaning bearish, adding to the stock's volatility and downward pressure.

04.03.2025 - PSX Stock was down 8.2%

• There is a positive outlook for PSX indicated by significant bullish positions taken by financial giants in the options market, amid the bearish market trend.
• The company's emphasis on stable segments such as midstream and renewables could serve as a long-term advantage, despite short-term market variations.
• Recent shareholder activism calling for changes in PSX's board composition might have introduced uncertainty and contributed to the stock's downturn.
• The acquisition of New Fortress Energy's Jamaica assets by Excelerate Energy may have indirectly influenced market sentiment towards PSX, leading to the observed bearish movement.

29.09.2025 - PSX Stock was up 0.8%

• Phillips 66 has shown impressive outperformance over the past 5 years, with an average annual return of 22.75%, which likely contributed to today's bullish movement.
• Anticipation surrounding the upcoming Q3 earnings, especially with factors like softer crude prices and steady midstream income, may have boosted investor confidence in the company's refining-driven performance.
• The positive market sentiment towards Phillips 66's strong historical performance and the potential for robust Q3 results could have been key drivers behind today's bullish movement in the stock.

23.09.2025 - PSX Stock was up 5.1%

• Despite a recent -1.33% decline in the stock price, there is optimism surrounding Phillips 66's upcoming earnings.
• The expected earnings growth could be the driving force behind today's bullish movement in PSX.
• Positive reactions from investors to the company's strategies or market expectations may be influencing the stock's upward trend.
• The general market sentiment towards energy firms and the sector's performance could also be playing a role in the stock's bullish movement.