Phillips 66 (PSX)
Energy5 articles
Price chart
Why is PSX moving today?
-2.7%PSX is -2.7% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 13 hours ago
Phillips 66 (PSX) overview
Phillips 66 is a diversified refining, midstream, marketing, and chemicals company.
PSX is a member of the S&P 500. It sits in the Energy sector. That sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
Phillips 66 trades on the NYSE under the ticker symbol PSX. The most recent market data puts the share price at about $289.20. That is down 2.72% on the session. At that price the company is worth roughly $115.95B.
Over the past 52 weeks, PSX has traded between $126.92 and $297.42. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 16.5. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. PSX also pays a dividend. It yields around 1.76% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 13 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch PSX
PSX is one of the larger names in the Energy sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each PSX story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. PSX is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves PSX
- Earnings. PSX reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from PSX.
- Sector news. Energy stocks often move together, so a rival's news can move PSX too.
- Index weight. PSX is big enough to move the S&P 500 on its own.
Market Mood
Latest PSX news
Mizuho Downgrades Phillips 66, Delek, Par Pacific on Refining Rally
Mizuho Securities has downgraded shares of Phillips 66 (PSX), Delek US Holdings (DK), and Par Pacific Holdings (PARR) citing the recent rally in refining stocks as having already priced in expected gains. The analysts reduced ratings for these companies to ‘neutral’ due to concerns over the limited upside potential following a period of strong share performance in the refining sector. No specific price targets or other quantitative figures were stated in the article. Such downgrades reflect a conservative approach by Mizuho in adjusting expectations for future stock performance within the refining industry. As a result, current and potential investors may need to reassess the risk-reward balance of holdings in these companies. This matters for investors by indicating that further near-term stock price appreciation might be constrained, suggesting they might need to explore other opportunities for potential growth.
Read More: Mizuho Downgrades Phillips 66, Delek, Par Pacific on Refining Rally
Phillips 66 (PSX) Price Target Raised to $300 by UBS
Phillips 66 (PSX) is nearing its all-time high, having nearly doubled in value since early 2026 due to high refining margins amid challenges in global refining capacity. UBS raised its price target for PSX from $235 to $300, indicating an upside of over 15% from current levels. The company's Executive Vice President reported a global shortfall of 7 million barrels per day in refined products, supporting high margins through Q3 2024 and potentially beyond. For investors, this increase in price target highlights the firm's confidence in continued strong performance and value creation for Phillips 66 shareholders.
Read More: Phillips 66 (PSX) Price Target Raised to $300 by UBSPhillips 66 (PSX) SVP Kluppel sells $1.65M in company stock
Kluppel, Senior Vice President and Controller of Phillips 66 (PSX), sold $1.65 million in company stock. This transaction may raise questions regarding insider trading and its implications for investor confidence. The sale comes amid ongoing market fluctuations, adding to scrutiny of executive stock sales. Such events can affect market sentiment and influence stock performance, highlighting the importance of transparency for ordinary investors.
Read More: Phillips 66 (PSX) SVP Kluppel sells $1.65M in company stock
Oil Prices Drop Amid U.S.-Iran Ceasefire, Supplies Surge Expected
Crude oil prices are declining following a 60-day ceasefire agreement between the U.S. and Iran, which traders believe will increase crude supply. Angolan crude is reported selling at a $10 discount to dated Brent for the first time in a decade, indicating price reductions in oil availability. Phillips 66's CEO estimated that 90 to 100 million barrels could exit the Strait of Hormuz, but incoming tanker numbers remain low. Analysts express mixed views on the market's ability to quickly readjust supply and demand dynamics, with caution noted about overall oil flow resumption.
Read More: Oil Prices Drop Amid U.S.-Iran Ceasefire, Supplies Surge Expected
Phillips 66 (PSX) Upgraded by Morgan Stanley on Refining Margins
Morgan Stanley has upgraded Phillips 66 (PSX) based on improving refining margins. This upgrade reflects anticipated gains in the company's profitability, influenced by rising demand for refined products. The upgrade may positively affect investor sentiment and trading volumes for PSX shares in the market. As refining margins strengthen, Phillips 66 could see an increase in earnings expectations.
Read More: Phillips 66 (PSX) Upgraded by Morgan Stanley on Refining MarginsMore Energy stocks
Frequently asked questions
Is Phillips 66 in the S&P 500?
Yes. Phillips 66 trades as PSX and is a member of the S&P 500. The index lists it in the Energy sector.
What sector is PSX in?
PSX sits in the Energy sector of the S&P 500.
Where can I find the latest PSX news?
Right here. This page collects recent PSX news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Phillips 66's stock price?
PSX last traded at about $289.20. Prices move all through the session, so this is the latest quote rather than a live one.
What is Phillips 66's market cap?
PSX is worth roughly $115.95B. Market cap is the share price times the number of shares outstanding.
What is PSX's P/E ratio?
PSX trades at a trailing P/E ratio of about 16.5. The ratio compares the share price with earnings per share over the past year.