Phillips 66: Not My Favorite, But A Solid Pick For Investors Seeking Predictability
Phillips 66 rated Buy: strong macro tailwinds, Q2 beat, top dividend yield, and debt reduction. Click for this PSX update and ...
Model output · Signal date 2026-10-16
Phillips 66 (PSX) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Total
Rank in coverage
Bottom 35%
of 5171 stocks scored
Rank correlation · 90D
27.0%
Spearman, 357 dates
Market Cap
$116.98B
large-cap · #7 of 15 peers
Summary
Phillips 66 (PSX) stock forecast summary
Our AI ranks Phillips 66 outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Phillips 66 is a large-cap company with a market capitalization of $116.98B. It ranks number 7 by market capitalization among the 15 Petroleum Refining issuers in our coverage with a current forecast.
For PSX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 27.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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PSX price chart and AI forecast
Cross-section · 2026-10-16
How PSX ranks among 5171 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Phillips 66 (PSX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Petroleum Refining peers listed below that report each metric.
Valuation & Market
| Metric | PSX | Rank |
|---|---|---|
| Market Cap | $116.98B | 7/15 |
| P/E Ratio | 17.24x | 7/11 |
| P/B Ratio | 3.71x | 6/10 |
| Dividend Yield | 1.70% | 3/8 |
| EPS | $17.01 | – |
| Book Value/Share | $78.96 | – |
| Revenue/Share | $299.80 | – |
Profitability & Margins
| Metric | PSX | Rank |
|---|---|---|
| ROE | 22.5% | 3/10 |
| ROA | 8.7% | 4/9 |
| Gross Margin | -10.5% | 8/11 |
| Net Margin | 5.9% | 5/11 |
Financial Health
| Metric | PSX | Rank |
|---|---|---|
| Current Ratio | 1.32x | 6/13 |
| Quick Ratio | 1.00x | 3/12 |
| D/E Ratio | 1.56x | 8/13 |
| Financial Leverage | 2.60x | 6/10 |
| Interest Coverage | 6.0x | 4/8 |
| Working Capital | $5.87B | 6/13 |
Cash Flow
| Metric | PSX | Rank |
|---|---|---|
| Operating Cash Flow | $8.93B | 7/13 |
| OCF Growth YoY | 165.5% | 3/10 |
Operational Efficiency
| Metric | PSX | Rank |
|---|---|---|
| Asset Turnover | 1.46x | 5/10 |
| Receivables Turnover | 10.2x | 7/11 |
| Inventory Turnover | 22.3x | 2/11 |
| Fixed Assets Turnover | 3.0x | 6/12 |
| Days Sales Outstanding | 36 days | 5/11 |
| Days Inventory | 16 days | 10/11 |
Income Statement
| Metric | PSX | Rank |
|---|---|---|
| Total Revenue | $119.63B | 5/13 |
| Net Income | $7.09B | 4/11 |
| SG&A Expense | $2.41B | 4/9 |
| Cost of Goods Sold | $132.24B | 3/11 |
Dividend & Shareholder Information
| Metric | PSX | Rank |
|---|---|---|
| Dividends Per Share | $4.97 | – |
| Payout Ratio | 29.2% | 4/8 |
| Shares Outstanding | 399M | – |
| Net Income Growth | 312.9% | 1/9 |
| EPS Growth | 304.0% | 2/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $24.22B | 29.6% of assets |
| Cash & Short-term Investments | $4.10B | 5.0% of assets |
| Accounts Receivable | $11.72B | 14.3% of assets |
| Inventory | $5.92B | 7.2% of assets |
| Total Liabilities | $49.11B | 60.0% of assets |
Quarterly Financial Reports
PSX quarterly financials and insider trading
Industry Peers · Petroleum Refining
Phillips 66 (PSX) industry peers
Companies classified under the same SEC industry code as Phillips 66 (Petroleum Refining): 15 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| PSX Phillips 66 | ▼ | $116.98B |
| CVX Chevron Corp | ▼ | $444.53B |
| COP Conocophillips | ▼ | $176.01B |
| MPC Marathon Petroleum Corp | ▶ | $134.25B |
| BP Bp Plc | ▼ | $129.61B |
| VLO Valero Energy Corp/Tx | ▼ | $127.86B |
| EQNR Equinor Asa | ▼ | $117.46B |
| IMO Imperial Oil Ltd | ▼ | $64.76B |
| YPF Ypf Sociedad Anonima | ▼ | $20.10B |
| SUN Sunoco Lp | ▶ | $10.03B |
| PBF Pbf Energy Inc. | ▲ | $10.02B |
| CVI Cvr Energy Inc | ▶ | $6.17B |
| IEP Icahn Enterprises L.P. | ▼ | $4.73B |
| DK Delek Us Holdings, Inc. | ▲ | $4.69B |
| SUNC Sunococorp Llc | ▶ | $3.73B |
Where PSX sits on the market map
Energy & Transportation · Petroleum Refining
News
Phillips 66 (PSX) stock news
Mizuho downgrades Phillips 66 to neutral from outperform
Fintel reports that on 8 October 2026, Mizuho downgraded their outlook for Phillips 66 (LSE:0KHZ) from Outperform to Neutral. This rating action follows a prior action by Mizuho on 27 May 2026, when ...
Why Phillips 66 (PSX) Is Drawing Fresh Attention
Investor attention around Phillips 66 (PSX) is building ahead of its fiscal third quarter earnings on October 28, as ...
FAQ
Phillips 66 (PSX) stock forecast FAQ
What is the Phillips 66 (PSX) stock forecast?
Our AI ranks Phillips 66 outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Phillips 66 stock predictions?
For PSX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 27.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Phillips 66 forecasts updated?
Phillips 66 forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Phillips 66's industry peers?
15 issuers in our coverage, PSX included, share the SEC industry code Petroleum Refining. The largest are: Chevron Corp (CVX), Conocophillips (COP), Marathon Petroleum Corp (MPC), Bp Plc (BP), Valero Energy Corp/Tx (VLO), Equinor Asa (EQNR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.