Phillips 66 (PSX) is a $48.5 billion energy company based in Houston, Texas, formed in 2012 from ConocoPhillips’ downstream operations. PSX engages in crude oil refining, transporting NGLs, petrochemicals, and fuel products, co-owning the Chevron Phillips Chemical joint venture.

PSX is up 5.4% YTD, slightly behind the S&P 500’s 9.6% growth. Over 52 weeks, PSX dropped 11.7%, compared to the S&P 500’s 20.6% return. The Energy Select Sector SPDR ETF (XLE) has seen a 1.2% YTD decline and a 5.8% decrease over the past year.

PSX’s outperformance compared to XLE this year highlights its strengths in refining efficiency. However, the broader energy sector struggles with tech and renewable energy shifts, tariff concerns, and capital rotation from traditional oil & gas, impacting PSX’s market performance.

Analysts project PSX’s EPS to drop 23.6% YoY to $4.70 for 2025. Of 20 analysts covering PSX, the consensus is a “Moderate Buy,” with 9 Strong Buy, 1 Moderate Buy, and 10 Hold ratings. This rating trend has been consistent for months.

TD Cowen raised PSX’s price target to $134 from $130, maintaining a “Buy” rating on July 28. The mean price target of $136.15 suggests a potential 13.4% rally, while the Street-high target of $158 indicates a 31.6% upside. Sristi Jayaswal has no positions in mentioned securities.

Read more at Yahoo Finance: What Are Wall Street Analysts’ Target Price for Phillips 66 Stock?