Barclays raises target for Phillips 66 stock
Published on 10/14/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets, results and upcoming dates
- Barclays lifted its Phillips 66 target to USD 282.00 on October 12, 2026.
- Second-quarter 2026 revenue reached USD 51.0 billion and diluted earnings per share USD 9.55.
- Phillips 66 stock trades at EUR 262.30 at 11:15 a.m. CEST at Lang & Schwarz on October 14, 2026.
Phillips 66 (ISIN US7185461040) was trading at EUR 262.30 at Lang & Schwarz on October 14, 2026 at 11:15 a.m. CEST. Barclays analyst Theresa Chen raised the price target from USD 216.00 to USD 282.00 on October 12, 2026, while keeping an Equal Weight rating, as Markets Insider reported. The revised target followed updated midstream and refining models ahead of the third-quarter report.
Three dated signals for PSX
On July 31, 2026, Phillips 66 authorized a USD 10.00 billion share repurchase program, according to The Stock Observer. The authorization gives management a capital-return lever while refining profitability remains sensitive to product margins.
On August 5, 2026, Phillips 66 reported USD 51.0 billion of revenue, up 53.1 percent year over year, and USD 3.8 billion of net income for the second quarter of 2026. Diluted earnings per share reached USD 9.55, according to GreekSoup, which identified the figures as drawn from the company's June 30, 2026 10-Q.
What does the earnings setup show
The second-quarter comparison is the strongest quantified operating signal in the recent record: revenue rose from USD 33.3 billion in the second quarter of 2025 to USD 51.0 billion in the second quarter of 2026. Net income also increased from USD 877.0 million to USD 3.8 billion over the same period, while diluted earnings per share advanced from USD 2.15 to USD 9.55.
That performance gives the October 12 target revision a clear earnings backdrop, but the Equal Weight rating shows that Barclays did not convert its higher valuation assumption into a more bullish rating. For investors, the upcoming report will test whether the second-quarter earnings strength carried into the third quarter.
October 28 results set the next date
Phillips 66 will release its third-quarter 2026 financial results on October 28, 2026, before management hosts a webcast at noon ET, according to the company's Phillips 66 release dated September 16, 2026. The date is the next scheduled test for refining, midstream and chemicals earnings after the strong second quarter.
Phillips 66 stock stays in view
Phillips 66 was trading at EUR 262.30 at Lang & Schwarz on October 14, 2026 at 11:15 a.m. CEST. The company's primary listing is on the NYSE under ticker PSX, and its market capitalization was USD 117.4 billion as of October 13, 2026.
The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.
Phillips 66 stock facts
- Company: Phillips 66
- ISIN: US7185461040
- Ticker: PSX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 11:15 a.m. CEST): EUR 262.30
- Market capitalization: USD 117.4 billion (as of October 13, 2026)
- 52-week range: USD 126.92-292.88 (as of October 13, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Index membership: S&P 500
Market context: Market report S&P 500.
