Is Wall Street Bullish or Bearish on Phillips 66 Stock?

Core Insights - Phillips 66 (PSX) is an energy manufacturing and logistics company with a market cap of $63.5 billion, involved in oil refining, marketing, transportation, chemical manufacturing, and power generation [1] Performance Summary - PSX shares have outperformed the broader market, gaining 27.2% over the past year compared to the S&P 500 Index's 14.4% increase [2] - Year-to-date (YTD) performance shows PSX stock up 21.9%, significantly outperforming the S&P 500's 1.4% rise [2] - However, PSX has underperformed compared to the VanEck Oil Refiners ETF (CRAK), which has gained 52.7% over the past year, although PSX's YTD returns of 21.9% exceed CRAK's 17.5% [3] Financial Performance - On February 4, PSX reported Q4 results with an adjusted EPS of $2.47, surpassing Wall Street expectations of $2.11 [6] - Analysts project PSX's EPS to grow by 75% to $11.27 for the current fiscal year ending in December [6] - PSX has a mixed earnings surprise history, beating consensus estimates in three of the last four quarters [6] Analyst Ratings - Among 21 analysts covering PSX, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy," one "Moderate Buy," 11 "Holds," and one "Strong Sell" [7] - The analyst sentiment has become less bullish compared to the previous month, with nine analysts previously suggesting a "Strong Buy" [8] - Citigroup Inc. maintains a "Neutral" rating on PSX, raising the price target to $159, indicating a potential upside of 1.1% from current levels [8] - The mean price target for PSX is $154.38, while the highest target of $177 suggests a potential upside of 12.5% [8]