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Piper Sandler has updated its outlook on Phillips 66, increasing the price target for the company's shares.
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Phillips 66 has appointed Chris Chandler as Executive Vice President and Strategic Advisor to the CEO, leveraging his extensive experience in the energy industry.
Citigroup has raised its price target for Phillips 66 (PSX) from $297 to $302.
Zacks analysts recommend three energy stocks with Zacks Rank #1 (Strong Buy) and Momentum Score A for November: Phillips 66, Valero Energy, and HF Sinclair. All three reported strong Q3 2026 earnings that significantly beat consensus estimates, driven by high refinery utilization, wider margins, and elevated crude oil prices from Middle East geopolitical tensions. Each stock shows expected earnings growth exceeding 100% for the current year.
Phillips 66 has secured a long-term agreement with Restaurant Technologies, Inc. to source used cooking oil for renewable fuel production at its California facility.
Morgan Stanley has increased its price target for Phillips 66 from $284 to $290.