Key Highlights:
- Phillips 66 (PSX, Financial) boosts its quarterly dividend by 4.3% to $1.20 per share, offering a forward yield of 4.95%.
- Analysts' average target price for PSX is $133.40, indicating a potential upside of 37.51% from the current price.
- GuruFocus estimates an 11.41% upside based on GF Value for PSX, reinforcing its investment potential.
Dividend Increase and Yield
Phillips 66 (PSX) has announced an increase in its quarterly dividend, raising it to $1.20 per share—a 4.3% rise from the prior $1.15. This adjustment brings the forward yield to an attractive 4.95%. Investors who are shareholders of record by May 19 will receive their dividend payments on June 2. This move reinforces Phillips 66's commitment to returning value to its shareholders, making the stock an appealing option for income-focused investors.
Analysts' Price Targets and Recommendations
Wall Street analysts have set their sights on Phillips 66 (PSX, Financial), providing a one-year average price target of $133.40. With high estimates reaching $162.00 and lows at $106.00, the average target points to a significant upside of 37.51% from the current stock price of $97.01. This optimistic target reflects analysts' confidence in the company's growth trajectory. For a deeper dive into these estimates, visit the Phillips 66 (PSX) Forecast page.
Furthermore, based on the consensus from 20 brokerage firms, Phillips 66 carries an average recommendation of 2.2, which translates to an "Outperform" status. The rating scale utilized ranges from 1 (Strong Buy) to 5 (Sell), indicating a favorable market sentiment for the stock.
GuruFocus Valuation Metrics
According to GuruFocus, the estimated GF Value for Phillips 66 (PSX, Financial) stands at $108.08 over the next year. This suggests an upside of 11.41% from the current price of $97.01. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance. This metric is a vital tool for investors seeking a comprehensive evaluation of the stock's potential. For additional insights, explore the Phillips 66 (PSX) Summary page.
