Fintel reports that on April 24, 2026, Morgan Stanley upgraded their outlook for Phillips 66 (WBAG:PSXC) from Equal-Weight to Overweight.

Analyst Price Forecast Suggests 12.57% Upside

As of April 15, 2026, the average one-year price target for Phillips 66 is € 155,34/share. The forecasts range from a low of € 116,88 to a high of € 192,35. The average price target represents an increase of 12.57% from its latest reported closing price of € 138,00 / share.

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The projected annual revenue for Phillips 66 is 108,238MM, a decrease of 18.23%. The projected annual non-GAAP EPS is 9.04.

What is the Fund Sentiment?

There are 1,994 funds or institutions reporting positions in Phillips 66. This is an decrease of 640 owner(s) or 24.30% in the last quarter. Average portfolio weight of all funds dedicated to PSXC is 0.17%, an increase of 37.27%. Total shares owned by institutions decreased in the last three months by 12.63% to 308,550K shares.

What are Other Shareholders Doing?

Elliott Investment Management holds 19,251K shares representing 4.80% ownership of the company. No change in the last quarter.

Wells Fargo holds 14,153K shares representing 3.53% ownership of the company. In its prior filing, the firm reported owning 15,104K shares , representing a decrease of 6.72%. The firm decreased its portfolio allocation in PSXC by 14.84% over the last quarter.

Harris Associates L P holds 13,978K shares representing 3.49% ownership of the company. In its prior filing, the firm reported owning 13,640K shares , representing an increase of 2.42%. The firm decreased its portfolio allocation in PSXC by 25.13% over the last quarter.

Geode Capital Management holds 10,414K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 10,368K shares , representing an increase of 0.44%. The firm decreased its portfolio allocation in PSXC by 7.80% over the last quarter.

Bank of New York Mellon holds 7,104K shares representing 1.77% ownership of the company. In its prior filing, the firm reported owning 8,514K shares , representing a decrease of 19.86%. The firm decreased its portfolio allocation in PSXC by 22.28% over the last quarter.