Mizuho downgrades Phillips 66 stock to Neutral at USD 300 target
Published on 10/09/2026 at 15:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho downgraded Phillips 66 to Neutral on October 8, 2026, while raising its target from USD 220 to USD 300.
- Phillips 66 reported USD 9.55 diluted earnings per share and USD 51.0 billion revenue in the second quarter of 2026.
- The stock was trading at EUR 250.95 at Lang & Schwarz on October 9, 2026, down 0.10 percent versus the prior close.
- Phillips 66 has scheduled its third-quarter 2026 results for October 28, 2026.
Phillips 66 (ISIN US7185461040) was trading at EUR 250.95 at Lang & Schwarz on October 9, 2026. On October 8, Mizuho downgraded the stock to Neutral from Outperform while raising its price target from USD 220 to USD 300, according to Markets Insider.
Three dates show the valuation shift
On July 31, 2026, Phillips 66 authorized a USD 10.0 billion share-repurchase program, as MarketBeat reported. On August 5, 2026, second-quarter diluted earnings per share reached USD 9.41 against USD 7.50 consensus, while revenue reached USD 51.0 billion, the same source said. On October 8, 2026, Mizuho raised its target from USD 220 to USD 300 and cut its rating from Outperform to Neutral, according to Markets Insider.
What does the target change mean?
Mizuho's USD 300 target sits 6.35 percent above the USD 282.10 NYSE quote at 9:38 a.m. EDT on October 9, 2026. The firm said higher earnings were largely priced into refiner shares, making valuation the reason for the downgrade even as its target increased.
Results arrive on October 28
Phillips 66 will release third-quarter 2026 results on October 28, 2026, followed by a webcast at noon ET, according to Business Wire. The second-quarter comparison sets a demanding benchmark: diluted earnings per share of USD 9.55 in the finance statement data followed USD 0.51 in the first quarter, while operating profit reached USD 4.27 billion versus USD 0.11 billion.
Stock holds near its yearly high
The NYSE quote was USD 282.10 at 9:38 a.m. EDT on October 9, 2026, against a 52-week range of USD 126.74 to USD 282.80. Phillips 66 had a market capitalization of USD 113.1 billion at that market-data timestamp, while the euro quote was down 0.10 percent versus the Lang & Schwarz prior close of EUR 251.20 on October 8, 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 9, 2026, 3:34 p.m. CEST): EUR 250.95
- Change versus prior close: minus 0.10 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 251.20
- Market capitalization: USD 113.1 billion (as of October 9, 2026)
- 52-week range: USD 126.74-282.80 (as of October 9, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
