Phillips 66 (PSX)

Sep 25, 2026

A claim circulated online suggesting that California Governor Gavin Newsom "forced" the closure of four refineries, leading to a spike in U.S. gas prices, is "Mostly False." While two California refineries did close, not four, and state regulations were cited as a partial reason for one closure, the primary drivers for increased nationwide gas prices in 2026 are identified as the Iran war and related shipping route disruptions. Oil companies themselves cited high costs and low earnings as reasons for their closure decisions, with no evidence indicating Newsom directly forced these shutdowns.

Sep 25, 2026

Envestnet Asset Management Inc. has reduced its stake in Phillips 66 (NYSE:PSX) by 1.8%, selling 18,377 shares but still retaining over 1 million shares valued at approximately $170.5 million. Institutional investors collectively own 76.93% of PSX, and analysts generally maintain a "Moderate Buy" rating with an average target price of $241.56. Phillips 66 recently reported strong quarterly earnings, authorized a $10 billion share-repurchase program, and continues to pay a quarterly dividend of $1.27.

Sep 23, 2026

State Street Corp significantly increased its stake in Phillips 66 (PSX) by 1.1% in the second quarter, bringing its total holdings to 26.04 million shares valued at approximately $4.40 billion, representing 6.53% of the company. Phillips 66 reported strong quarterly earnings, exceeding analyst expectations, and announced a $10 billion share repurchase program along with a quarterly dividend. Several analysts have also raised their price targets for the stock, indicating a positive outlook.

Sep 22, 2026

The Zacks Analyst Blog features Valero (VLO), Phillips 66 (PSX), and Eni (E) as top-ranked oil and gas stocks. The article also covers the Global Week Ahead, focusing on the U.S.-China summit, the UN General Assembly, AI safety concerns, 10-year U.S. Treasury yield movements, and Indonesia's central bank policy decision. These macroeconomic events and geopolitical discussions provide context for the featured stock picks in the energy sector.

Sep 21, 2026

Phillips 66 has experienced a significant increase in profitability due to soaring diesel margins, with worldwide refining margins doubling to $24/bbl and diesel cracks running five times their normal range. This surge is attributed to supply shocks from Russian export collapses, reduced Persian Gulf shipments, and refinery closures. The central question for analysts and investors is whether these elevated margins represent a temporary "war premium" or a more permanent structural tightening in the refining market.

Sep 17, 2026

Marathon Petroleum and Valero Energy have seen over 150% gains this year, leading investors to wonder if it's too late to buy. While valuations appear reasonable at first glance, analysts warn that the current 13-14x forward P/E ratios are based on peak-cycle earnings, making them a potential value trap. Both stocks are trading above analyst price targets, and the prevailing "Hold" rating suggests that new investors should exercise caution and wait for a better entry point.

Sep 16, 2026

Phillips 66 (PSX) stock has resumed its advance, maintaining a primary medium-term uptrend and trading above its 50-day Simple Moving Average. The outlook remains bullish for upcoming trading sessions, provided support at $245.00 holds, with a target resistance level of $289.00. The stock has also worked off overbought conditions in momentum indicators, allowing for further gains.

Sep 16, 2026

This article focuses on Pembina Pipeline Corporation (TSX:PPL) and its midstream energy infrastructure business, analyzing it within the current crude and supply-route environment affecting the energy complex. It highlights how the company's specific operating frame, rather than generic market angles, determines the relevant market themes. The S&P/TSX 60 is used as a benchmark to provide Canadian market context, while emphasizing the importance of company-specific disclosures for substantive information.

Sep 16, 2026

An investment of $1000 in Phillips 66 (NYSE: PSX) five years ago would now be worth $4,012.87, representing an average annual return of 32.75%. The company has outperformed the market over this period, highlighting the significant impact of compounded returns. Phillips 66 currently has a market capitalization of $106.40 billion.

Sep 14, 2026

Teamsters Local 877 representing 370 oil refinery workers at Phillips 66 Bayway Refinery will rally on September 15, 2026, to demand a fair contract. Their current agreement expires on October 1, and workers are seeking higher wages, stronger benefits, and the elimination of an Absence Control Policy. The rally precedes negotiations scheduled for September 16.

Sep 14, 2026

Valero Energy (VLO) has seen a 148% rally in the past year, outperforming its industry peers. The company benefits from a heavy-crude advantage, allowing it to purchase cheaper oil, and strong refining margins due to constrained global capacity and resilient fuel demand. Despite its current premium valuation, analysts rate VLO as a "Strong Buy" due to favorable business conditions and a robust balance sheet.

Sep 14, 2026

Morgan Stanley has increased its price target for Phillips 66 (PSX) to $284 from $196, while maintaining an "Overweight" rating on the stock. This adjustment reflects a significant uplift in their valuation outlook for the oil and gas refining and marketing company. The article also provides a brief overview of Phillips 66's business segments and recent analyst activities.

Sep 14, 2026

Par Pacific Holdings, Inc. (PARR) is positioned for growth due to its distillate-focused refining model, which capitalizes on favorable market fundamentals for distillates like jet fuel and diesel. The company's refining system boasts high distillate yields across its four U.S. locations, benefiting from tight global refined-product inventories and strong seasonal demand. Other refiners like Marathon Petroleum and Phillips 66 are also investing in increasing distillate production to enhance margins.