Phillips 66 (PSX)
NYSEEnergyOil & Gas Refining & MarketingSnapshot 2026-09-04
$255.09+0.17%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Refining & MarketingSnapshot 2026-09-04
Research Workspace
Put PSX beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Energy is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Maintain or grow EPS near $17.9 in 2026: EPS $9.90 vs target $17.90.
View ThesisRevenue growth is accelerating — up about 14% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 43%, softest on free-cash-flow margins.
View QualityManagement screens strong on earnings delivery.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskPhillips 66's strong refining margins must continue to support its growth to justify the price. The company reported adjusted earnings of $9.41 per share, beating consensus estimates by 22.5%. It trades at 17× P/E, below the peer median of 23×. This suggests the price reflects less growth than expected, indicating modest expectations. A specific risk is the potential decline in earnings, with consensus estimates for 2027 at $21.42 per share. Peer multiples imply a price roughly in line with where it trades. This read is provisional; the thesis is on watch.
Trailing returns as of 2026-09-04. PSX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering PSX (as of Sep 2026).
Based on 9 Wall Street analysts offering 12-month price targets for PSX in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| PSX Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Oil & Gas Refining & Marketing — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put PSX next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Merger discussions could impact strategic growth plans.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $255.09
The last 12 months of price, then the range of analyst 12-month targets from today’s $255.09.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Focus on organic Midstream growth
Significant investment in California aligns with midstream growth.
Threatens: Focus on organic Midstream growth
Leaving California may hinder organic Midstream growth.
Advances: Capture stronger margins post-turnarounds
Higher fuel margins support stronger post-turnaround profitability.
Advances: Focus on organic Midstream growth
Approval supports organic Midstream growth objective.
Advances: Focus on organic Midstream growth
Pipeline project supports organic Midstream growth objective.
Advances: Focus on organic Midstream growth
Pipeline project supports organic Midstream growth objective.
Advances: Focus on organic Midstream growth
New pipeline enhances Midstream growth potential.