Phillips 66 ($PSX) Stock Forecast: Up 7.4% Today

What is Phillips 66?

Phillips 66 (PSX) is a leading energy manufacturing and logistics company with a diverse portfolio across refining, midstream, chemicals, and renewables. The company has been focusing on strategic acquisitions and divestments to enhance its financial performance and shareholder value.

Why is Phillips 66 going up?

PSX stock is up 7.4% on Feb 4, 2026 14:57

• Phillips 66 reported strong fourth-quarter earnings, exceeding profit estimates and showcasing a significant rebound in U.S. refining margins, driven by high crude capacity utilization and debt reduction.
• The company's proactive portfolio enhancement through acquisitions and dispositions, such as the agreement to purchase assets of the Lindsey Oil Refinery, demonstrates its strategic approach to boosting refining capacity and energy security.
• Despite Principal Financial Group Inc. reducing its stake in Phillips 66, the stock opened at a higher price, reflecting investor confidence in the company's performance and growth prospects.
• By refocusing its portfolio and leveraging lower crude prices to improve refining margins, Phillips 66 aims to sustain profitability and drive shareholder returns amidst evolving market dynamics.

PSX Price Chart

PSX Technical Analysis

PSX News

Refiner Phillips 66 beats quarterly profit estimates as margins rebound

Phillips 66 (PSX.N) exceeded Wall Street's profit forecasts for the fourth quarter, driven by a significant rebound in U.S. refining margins after a challenging 2024. The company's realized margin more than doubled to $12.48 per barrel, swinging its refining segment to a profit of $542 million. This performance was also supported by high crude capacity utilization and a reduction of $2.0 billion in debt.

https://www.reuters.com/business/energy/refiner-phillips-66-beats-quarterly-profit-estimates-margins-rebound-2026-02-04/

Phillips 66 Delivers Strong 4Q Operating Results While Enhancing Portfolio

Phillips 66 reported strong fourth-quarter 2025 earnings of $2.9 billion, or $7.17 per share, with adjusted earnings of $1.0 billion. The company achieved record NGL transportation and fractionation volumes and a record clean product yield, while reducing debt by $2.0 billion. Full-year 2025 results show earnings of $4.4 billion and proactive portfolio enhancement through strategic acquisitions and dispositions.

https://sg.finance.yahoo.com/news/phillips-66-delivers-strong-4q-120000736.html

Principal Financial Group Inc. Reduces Stock Holdings in Phillips 66 $PSX

Principal Financial Group Inc. reduced its stake in Phillips 66 (NYSE:PSX) by 1.3% in the third quarter, selling 6,911 shares and holding 516,725 shares worth approximately $70.28 million. Despite this reduction, Phillips 66's stock recently opened at $148.01, showing a year-to-date increase, and has a market capitalization of $59.63 billion. Several other hedge funds adjusted their positions, and analysts currently have a "Hold" consensus rating with a target price of $154.47 for Phillips 66.

https://www.marketbeat.com/instant-alerts/filing-principal-financial-group-inc-reduces-stock-holdings-in-phillips-66-psx-2026-02-04/

Phillips 66 Limited reaches agreement to purchase assets of the Lindsey oil refinery

Phillips 66 Limited has agreed to acquire the assets of the Lindsey Oil Refinery in North Lincolnshire, UK. While the Lindsey Refinery itself will not restart operations and is slated for closure, Phillips 66 plans to integrate its assets into the nearby Humber Refinery to boost the UK's refining capacity and energy security. This move comes as the UK faces a dilemma between increasing fossil fuel refining capacity and investing in renewable energy.

https://energiesmedia.com/phillips-66-limited-lindsey-refinery-assets/

Phillips 66 Refocuses Portfolio As Lower Crude Supports Refining Margins

Phillips 66 (NYSE:PSX) is divesting non-core assets to free up capital for strategic reinvestments and shareholder returns, leveraging lower crude prices to boost refining margins. This move aims to enhance the company's financial discipline and integrate its diverse operations across refining, midstream, chemicals, and renewables. Investors should monitor how effectively Phillips 66 reallocates capital from these divestments and sustains profitability amid changing market conditions.

https://simplywall.st/stocks/us/energy/nyse-psx/phillips-66/news/phillips-66-refocuses-portfolio-as-lower-crude-supports-refi/amp

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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.

05.00.2026 - PSX Stock was down 0.5%

• The bearish movement in PSX stock today could be attributed to Phillips 66 Limited's agreement to acquire the assets of Lindsey Oil Refinery and integrate them into its Humber Refinery operations, raising concerns among investors about the potential impact on PSX's financials and operational efficiency.
• Questioning if Valero Energy Stock is too expensive for investors at current levels may have contributed to the bearish sentiment, leading investors to reevaluate their positions in the energy sector, including stocks like PSX.
• The decision to stop standalone operations at the Prax Lindsey oil refinery after the sale to Phillips 66 could have raised uncertainties about the future workforce structure and operational synergies, possibly leading to a negative outlook on PSX's stock performance in the short term.
• Overall, the market's reaction to these developments suggests that investors are cautious about the implications of the acquisition on Phillips 66 Limited's business outlook and the broader energy sector, resulting in the bearish movement in PSX stock.

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.

04.01.2026 - PSX Stock was up 7.4%

• Phillips 66 reported strong fourth-quarter earnings, exceeding profit estimates and showcasing a significant rebound in U.S. refining margins, driven by high crude capacity utilization and debt reduction.
• The company's proactive portfolio enhancement through acquisitions and dispositions, such as the agreement to purchase assets of the Lindsey Oil Refinery, demonstrates its strategic approach to boosting refining capacity and energy security.
• Despite Principal Financial Group Inc. reducing its stake in Phillips 66, the stock opened at a higher price, reflecting investor confidence in the company's performance and growth prospects.
• By refocusing its portfolio and leveraging lower crude prices to improve refining margins, Phillips 66 aims to sustain profitability and drive shareholder returns amidst evolving market dynamics.

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.

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.

08.00.2026 - PSX Stock was up 5.0%

• The positive movement in PSX stock may be linked to the company's recent acquisition of the Lindsey Oil Refinery assets in the U.K., expected to increase fuel production capacity and generate more cash flow.
• Investor sentiment could have been influenced by the company's expansion into cleaner fuels and the integration of acquired refinery assets into its operations, demonstrating a dedication to energy security and sustainability.
• Speculation regarding Venezuelan oil imports, a notable increase in U.S. fuel inventories affecting the refining sector, and Valero Energy's stock surge might have bolstered the industry sentiment, thereby lifting PSX's stock performance.

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.