Barclays raises target for Phillips 66 stock to USD 282.00

Published on 10/13/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays lifted its target to USD 282.00 on October 12, 2026. Phillips 66 stock costs EUR 252.05 on October 13, 2026 before October 28 results.

Barclays raised its Phillips 66 price target from USD 216.00 to USD 282.00 while keeping an Equal Weight rating.
Phillips 66 reported USD 51.0 billion in second-quarter 2026 revenue and adjusted earnings per share of USD 9.41.
Phillips 66 was trading at EUR 252.05 at Lang & Schwarz on October 13, 2026 at 12:22 p.m. CEST.
The company is scheduled to release third-quarter 2026 results on October 28, 2026.

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Phillips 66 (ISIN US7185461040) was trading at EUR 252.05 at Lang & Schwarz on October 13, 2026 at 12:22 p.m. CEST. Barclays raised its price target from USD 216.00 to USD 282.00 on October 12, 2026 while keeping an Equal Weight rating, according to Markets Insider.

Three dated signals for Phillips 66

On July 31, 2026, Phillips 66 authorized a USD 10.0 billion share repurchase program, as reported by MarketBeat. On August 5, 2026, second-quarter revenue reached USD 51.0 billion and adjusted earnings per share were USD 9.41, also reported by Yahoo Finance. The current event is Barclays' October 12 target increase to USD 282.00.

What does the target change mean?

The move from USD 216.00 to USD 282.00 equals a 30.56 percent increase in Barclays' target. The unchanged Equal Weight rating matters because the valuation view did not shift as strongly as the target figure, while the updated models were part of a third-quarter earnings preview, according to Markets Insider.

Phillips 66's second-quarter 2026 figures provide the operating backdrop. Revenue of USD 51.0 billion and adjusted earnings per share of USD 9.41 were accompanied by a USD 10.5 billion liquidity position, including cash and committed undrawn credit capacity, according to the company's earnings-call coverage by Fortune. The figures make refining performance and cash deployment the central indicators for the next report.

October 28 sets the next test

Phillips 66 will release third-quarter 2026 results before its webcast on October 28, 2026, with management scheduled to discuss the figures at noon ET, according to the company's investor release. Analysts cited by Yahoo Finance expect diluted earnings per share of USD 10.41 for the third quarter, compared with USD 2.52 in the year-earlier quarter.

Stock valuation and trading level

Phillips 66 had a market capitalization of USD 112.9 billion as of October 12, 2026. Its 52-week range was USD 126.92 to USD 286.57, placing the latest US-market quote near the upper end of that interval. The company's primary listing is the NYSE under ticker PSX.

Phillips 66 was trading at EUR 252.05 at Lang & Schwarz on October 13, 2026 at 12:22 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.