Jefferies raises target for Phillips 66 stock from USD 276.00 to USD 280.00

Published on 10/20/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillips 66 lifted its quarterly payout by USD 0.06 to USD 1.33 on October 16, 2026. Phillips 66 stock costs EUR 260.75 on October 20, 2026 before October 28 results.

Analyst revisions and payout dates

Jefferies raised its Phillips 66 target from USD 276.00 to USD 280.00 on October 19, 2026.
Phillips 66 declared a quarterly dividend of USD 1.33 on October 16, 2026.
Phillips 66 stock trades at EUR 260.75 at 10:31 a.m. CEST at Lang & Schwarz on October 20, 2026.

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Phillips 66 (ISIN US7185461040) became the subject of a fresh analyst revision when Jefferies raised its price target from USD 276.00 to USD 280.00 on October 19, 2026, as reported by MarketScreener. The move keeps the analyst debate focused on valuation ahead of the company's third-quarter results.

Targets move ahead of results

The Jefferies revision was one of several target changes reported on October 19, 2026. MarketScreener also listed Raymond James at USD 335.00 from USD 300.00 and BMO Capital at USD 350.00 from USD 340.00, giving investors a wide spread of published expectations around Phillips 66.

The scheduled third-quarter release is October 28, 2026, according to MarketScreener. The date gives the target revisions a near-term test, because the next report can either support the improved earnings case or expose the gap between current valuation and operating performance.

What does the payout mean for cash returns?

Phillips 66 declared a quarterly dividend of USD 1.33 per share on October 16, 2026, up USD 0.06 from USD 1.27, with payment due on December 1, 2026, to shareholders of record on November 17, 2026. The company said this was its second dividend increase in 2026 and that the annualized increase versus the fourth quarter of 2025 was 10.8%, according to Phillips 66.

Three dates frame the stock story

On June 30, 2026, Phillips 66 reported second-quarter revenue of USD 51.00 billion and consolidated net income of USD 3.88 billion, with diluted earnings per share of USD 9.55, according to Business Quant. On October 16, the company raised its quarterly dividend to USD 1.33. On October 19, Jefferies lifted its target to USD 280.00 from USD 276.00. These three figures connect the operating base, shareholder return and current valuation discussion.

The next two dated events are October 28, 2026, for the third-quarter results, and November 17, 2026, the shareholder-of-record date for the USD 1.33 dividend.

Stock price and investor perspective

Phillips 66 operates across refining, midstream, chemicals, marketing and renewable fuels. Its latest reported quarter combined USD 51.00 billion in revenue with USD 3.88 billion in net income, while the current analyst targets range from USD 280.00 to USD 350.00 in the cited October 19 coverage.

Phillips 66 was trading at EUR 260.75 at Lang & Schwarz on October 20, 2026, at 10:31 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.