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Morgan Stanley analyst Joe Laetsch has maintained a Hold rating on Phillips 66 (PSX) with a price target of $122, citing concerns over shareholder disagreements and execution issues regarding financial targets. Despite the election of two nominees backed by Elliott Management, the company struggles to improve its refining EBITDA margin and lacks consensus among board members, leading to a cautious outlook on its strategic decisions.
Phillips 66 reported a quarterly loss of ($0.90) earnings per share, falling short of the $0.07 consensus estimate, with revenue at $31.92 billion. The company declared a dividend increase to $1.20 per share, reflecting a 3.82% yield, despite a high payout ratio of 109.34%. Analysts maintain a "Moderate Buy" rating, with an average target price of $137.86.
Stephens Consulting LLC increased its stake in Phillips 66 by 83.5% in Q4, now holding 244 shares valued at $28,000. Analysts have raised price targets for the stock, with Barclays setting a new target of $115.00, suggesting a potential downside of 3.10%. The company reported a quarterly loss of $0.90 EPS, missing estimates, with revenue of $31.92 billion.
Barclays analyst Theresa Chen has raised the price target for Phillips 66 (PSX) from $106.00 to $115.00, maintaining an "Equal-Weight" rating, reflecting an 8.49% increase in expectations for the company's value. The average target price from 16 analysts is $129.52, indicating a potential upside of 9.13% from the current price of $118.68, while the consensus recommendation from 20 brokerage firms suggests an "Outperform" status. However, GuruFocus estimates a fair value of $110.25, indicating a possible downside of 7.1%.
Barclays analyst Theresa Chen has raised the price target for Phillips 66 (PSX) from $106 to $115, maintaining an Equal Weight rating, citing stable demand for refining companies amid economic uncertainties. Analysts forecast an average target price of $129.52, indicating a potential upside of 16.77% from the current price of $110.92. The company reported earnings of $487 million for Q1 2025, returned $716 million to shareholders, and increased its dividend by $0.05 per share, continuing a trend of annual growth since 2012.
Barclays has raised its price target on Phillips 66 to $115 from $106 while maintaining an equal-weight rating. The company operates across four divisions: trading and distribution (64.7% of net sales), refining (24.5%), processing and transportation (10.7%), and other activities (0.1%). Its net sales are primarily generated in the United States (80.6%), with additional contributions from the UK (9.9%), Germany (3.8%), and other regions (5.7%).
Mizuho has reduced its price target for Phillips 66 from $140 to $132, maintaining a "neutral" rating, while StockNews.com downgraded the stock from "hold" to "sell." Currently, one analyst rates it as a sell, five as hold, and nine as buy, with a consensus rating of "Moderate Buy" and a target price of $142. Phillips 66 operates in energy manufacturing and logistics, with a recent quarterly earnings miss and an increased dividend of $1.20 per share.
UBS has reaffirmed its Buy rating on Valero Energy, maintaining a $160 price target despite lowering its Q1 2025 EPS estimate to $0.58, below the consensus of $1.09, due to underperformance in the refining and marketing division. The company is expected to repurchase $220 million in shares and has reported strong Q4 2024 earnings, exceeding expectations with an EPS of $0.64 and revenue of $30.76 billion. Analysts anticipate improved earnings in Q2 2025, driven by favorable supply dynamics and a focus on renewable diesel expansion.
UBS has reiterated its Buy rating for Valero Energy, maintaining a price target of $160, despite lowering Q1 2025 EPS guidance to $0.58 due to disappointing refining results. The company is expected to continue its aggressive share buyback program and improve its refining and marketing results in Q2 2025, aided by favorable supply dynamics and a focus on renewable diesel expansion. Valero's strong Q4 2024 performance, with EPS of $0.64 and revenue of $30.76 billion, underscores its financial resilience amid market fluctuations.
The S&P 500 rose 0.4% on December 16, driven by tech stocks ahead of the Federal Reserve's interest-rate announcement. Broadcom surged 11.2% following strong AI sales, while Tesla's stock jumped 6.1% amid optimism for its self-driving technology. Conversely, Super Micro Computer plummeted 8.3% after its removal from the Nasdaq 100 and plans for a capital raise.
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