Phillips 66(US:PSX) Benzinga·2025-03-27 18:10Group 1: Analyst Ratings and Estimates - Goldman Sachs analyst Neil Mehta revised ratings and estimates for several major American oil companies, reflecting average Brent oil prices of $75/b in 2025 and 2026, consistent with the updated oil range of $65-$80/b [1] - Par Pacific Holdings, Inc. (PARR) was upgraded from Neutral to Buy, with a price forecast increase from $18 to $19, indicating strong upside potential from the Retail and Logistics segment and margin recovery expectations in Singapore [1][2] - Imperial Oil Limited (IMO) was downgraded from Neutral to Sell, with a price forecast maintained at C$90.00, despite strong operational performance at key assets [3][4] - Phillips 66 (PSX) was downgraded from Buy to Neutral, with a price forecast of $132 maintained, as the analyst monitors operational improvements amid a weaker Chemicals margin environment [5] Group 2: Earnings Estimates - For 2025-2026, PARR's EPS estimates were adjusted to $0.67 (from $0.79) and $2.97 (from $2.73), reflecting updates on commodity prices and operational metrics [3] - Imperial Oil's EPS estimates for 2025-2026 were revised to C$8.35 (from C$8.04) and C$9.06 (from C$9.65), compared to consensus estimates of C$8.23 and C$8.94, respectively [5] - Overall, Mehta's estimates for EPS in 2025 were adjusted to $7.39 (from $7.69) and $13.17 (from $12.75) for the following year [6]