Phillips 66 ($PSX) Stock Forecast: Down 5.7% Today

What is Phillips 66?

Phillips 66 (PSX) recently announced robust quarterly revenues and profits. The stock has received a Buy rating from BMO Capital, along with a price target of $195.00. However, it is also facing challenges like derivatives losses and insider selling.

Why is Phillips 66 going down?

PSX stock is down 5.7% on Apr 10, 2026 13:50

• Despite the strong quarterly financial results, concerns have arisen among investors due to insider selling activities, notably a significant sale by the EVP & CFO, which may have contributed to the bearish movement.
• The disclosure of approximately $900 million in derivatives losses associated with net-short commodity positions is believed to have negatively impacted short-term earnings and cash flow, leading to a pessimistic market sentiment.
• The company's long-term prospects seem promising as shown by increased institutional investments from V Square Quantitative Management LLC and Flagship Capital Management Inc. However, short-term obstacles may be overshadowing these positive developments.
• Goldman Sachs' adjustment of the price target to $192 from $186, while maintaining a Neutral rating, indicates a cautious stance on the stock despite its positive quarterly performance, potentially influencing investor sentiment towards a more bearish outlook.

PSX Price Chart

PSX Technical Analysis

PSX News

BMO Capital Remains a Buy on Phillips 66 (PSX)

BMO Capital maintained a Buy rating on Phillips 66 (PSX) with a price target of $195.00, following strong quarterly revenues of $34.02 billion and a net profit of $2.91 billion. Despite this, insider sentiment shows increased selling activity, including a recent significant sale by the EVP & CFO. Citi, however, maintained a Hold rating on the stock.

https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/1239645/bmo-capital-remains-a-buy-on-phillips-66-psx/

V Square Quantitative Management LLC Acquires New Position in Phillips 66 $PSX

V Square Quantitative Management LLC has acquired a new stake in Phillips 66, purchasing 8,401 shares valued at approximately $1.08 million, contributing to institutional investors owning around 76.9% of the company. Wall Street analysts largely maintain a "Moderate Buy" rating for Phillips 66, with an average 12-month target of $180.39, while the company recently beat Q4 EPS estimates and increased its quarterly dividend. However, Phillips 66 also disclosed about $900 million in derivatives losses tied to net-short commodity positions, which is likely to impact near-term earnings and cash flow.

https://www.marketbeat.com/instant-alerts/filing-v-square-quantitative-management-llc-acquires-new-position-in-phillips-66-psx-2026-04-10/

Goldman Sachs Adjusts Price Target on Phillips 66 to $192 From $186, Maintains Neutral Rating

Goldman Sachs has raised its price target for Phillips 66 (PSX) to $192 from $186, while reiterating a Neutral rating on the stock. This adjustment reflects an updated outlook from the investment bank for the oil and gas refining and marketing company. The report was published on April 10, 2026, at 07:14 am EDT.

https://www.marketscreener.com/news/goldman-sachs-adjusts-price-target-on-phillips-66-to-192-from-186-maintains-neutral-rating-ce7e50d8d089f022

Oak Thistle LLC Takes $1.15 Million Position in Halliburton Company $HAL

Oak Thistle LLC recently acquired a new stake of 40,607 shares in Halliburton Company (NYSE:HAL) during the fourth quarter, valued at approximately $1.15 million. This move comes as analysts generally maintain a positive outlook on Halliburton, with a "Moderate Buy" consensus rating and an average price target of $36.71. Halliburton exceeded Q4 earnings and revenue expectations and has declared a quarterly dividend.

https://www.marketbeat.com/instant-alerts/filing-oak-thistle-llc-takes-115-million-position-in-halliburton-company-hal-2026-04-10/

Flagship Capital Management Inc. Invests $1.89 Million in Phillips 66 $PSX

Flagship Capital Management Inc. has acquired a new position in Phillips 66 (NYSE:PSX) during the fourth quarter, purchasing 14,610 shares valued at approximately $1.89 million, making it their 24th largest holding. Other institutional investors like Vanguard Group Inc., Elliott Investment Management L.P., and AQR Capital Management LLC also increased their stakes in Phillips 66. Recent analyst updates show a "Moderate Buy" consensus for PSX, with price targets boosted by several firms, while the company faces challenges such as derivatives losses and insider selling, alongside strong refining margins and a recent dividend increase.

https://www.marketbeat.com/instant-alerts/filing-flagship-capital-management-inc-invests-189-million-in-phillips-66-psx-2026-04-10/

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Phillips 66 Price History

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.

04.01.2026 - PSX Stock was up 5.8%

• Phillips 66 (PSX) experienced a strong bullish movement today following the release of its fourth-quarter earnings, which exceeded profit estimates and showcased robust operational performance.
• The significant rebound in U.S. refining margins, driven by high crude capacity utilization and a reduction in debt, contributed to the company's improved financial results and positive market sentiment.
• The strategic acquisitions, such as the agreement to purchase assets of the Lindsey Oil Refinery in the UK, demonstrate Phillips 66's commitment to enhancing its refining capacity and energy security, further bolstering investor confidence in the company's growth trajectory.
• Despite the reduction in stake by Principal Financial Group Inc. and other hedge funds, the overall market response to Phillips 66's operational achievements and strategic initiatives has been overwhelmingly positive, reflected in the bullish movement of its stock price.

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.

10.03.2026 - PSX Stock was down 5.7%

• Despite the strong quarterly financial results, concerns have arisen among investors due to insider selling activities, notably a significant sale by the EVP & CFO, which may have contributed to the bearish movement.
• The disclosure of approximately $900 million in derivatives losses associated with net-short commodity positions is believed to have negatively impacted short-term earnings and cash flow, leading to a pessimistic market sentiment.
• The company's long-term prospects seem promising as shown by increased institutional investments from V Square Quantitative Management LLC and Flagship Capital Management Inc. However, short-term obstacles may be overshadowing these positive developments.
• Goldman Sachs' adjustment of the price target to $192 from $186, while maintaining a Neutral rating, indicates a cautious stance on the stock despite its positive quarterly performance, potentially influencing investor sentiment towards a more bearish outlook.

06.01.2026 - PSX Stock was up 5.0%

• Long-term charter agreements secured by NYK Line with U.S. LNG producer Cheniere could indicate increased demand for LNG transportation, benefiting companies like Phillips 66 involved in the energy sector.
• Wells Fargo's positive forecast and raised price target for Phillips 66, based on strong refining margins and midstream volumes, likely contributed to the bullish movement of the stock.
• The slight workforce reduction and operational consolidation announced by Phillips 66 could be seen as strategic moves to enhance efficiency and align with evolving industry trends, potentially viewed positively by investors.
• The news of job cuts at the Los Angeles refinery, while concerning, may have been overshadowed by the overall positive outlook and developments within the company, leading to the bullish market movement.

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.

01.03.2026 - PSX Stock was down 5.1%

• Acquisition of a significant stake in Phillips 66 by BTC Capital Management Inc. could have initially boosted investor confidence. However, subsequent insider selling may have raised concerns about the company's future performance.
• Despite a positive price target raise by Wells Fargo & Company and other analysts, mixed signals from missing revenue estimates and insider selling might have contributed to the bearish movement in PSX stock.
• A surge in Delek US Holdings, Inc. stock price and contrasting recommendations for investors to consider holding due to anticipated earnings decline could have shifted market focus away from Phillips 66, impacting its performance.
• The overall positive sentiment towards refining companies like Valero Energy Corp amidst energy transition challenges may have diverted investor attention from Phillips 66, leading to the bearish movement in its stock today.

05.02.2026 - PSX Stock was up 5.4%

• Despite Victory Capital Management Inc. reducing its shareholding, other institutional investors augmented their positions, hinting at a bright outlook for the company's future.
• Factors like an increased quarterly dividend, strategic conference discussions, and robust earnings results contributed to the stock's growth, emphasizing the company's dedication to sustainable cash flow and operational efficiency.
• Favorable industry conditions such as tightening refined product markets and heightened crude oil prices due to geopolitical unrest likely influenced the stock's positive trajectory.
• While challenges in the Chemicals division and the potential for refining margin contraction exist, Phillips 66's solid performance and optimistic industry trends propelled the stock's upward movement.

12.02.2026 - PSX Stock was up 5.3%

• Factors influencing the uptick in Phillips 66's stock price include:
• An increase in dividend to $1.27 per share and robust Q4 2025 EPS of $2.47, likely bolstering investor confidence and attracting more buyers.
• Positive refining margins and expectations of a tightening market for refined products, particularly jet fuel, added to the optimistic outlook for the company.
• Despite an overall "Hold" recommendation, Phillips 66's stock performance set it apart on a day marked by declines in the S&P 500 and Dow Jones Industrial Average. This highlights investor interest in the company's resilience and growth potential.

08.03.2026 - PSX Stock was down 5.5%

• Phillips 66 (PSX) has observed a notable bearish movement today, likely linked to the revealed $900 million pre-tax mark-to-market losses for Q1. These losses reflect difficulties across various segments.
• Despite previous increases and perceptions of undervaluation, concerns regarding significant losses and liquidity challenges may have altered market sentiment toward Phillips 66.
• Goldman Sachs' higher price target for Valero Energy, influenced by market instability from global events, could have indirectly affected sector sentiment, impacting Phillips 66's stock performance.
• Investors should stay vigilant about ongoing developments in the energy sector, considering specific company hurdles and broader market trends that could influence stock movements.

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.

31.02.2026 - PSX Stock was down 4.2%

• The recent decrease in Phillips 66's stock price could be linked to insiders selling approximately $14.07 million in shares over the past three months, suggesting uncertainty about the company's future.
• Despite exceeding EPS forecasts, the stock may have been affected by falling short of revenue estimates, prompting investors to reassess their positions.
• Reports of a former employee expressing concerns before the refinery's transition to Phillips 66 may have instilled doubts and negative sentiment about the company's operations and future prospects.
• The announcement of a proposed sale of 53,300 shares by Phillips 66 could have intensified selling pressure on the stock, contributing to the observed bearish movement.