Wells Fargo raises Phillips 66 stock target to USD 345.00

Published on 10/15/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo lifted its target to USD 345.00 on October 14, 2026. Phillips 66 stock trades at EUR 265.60 on October 15, 2026.

Analyst target and earnings date

Wells Fargo raised its Phillips 66 target from USD 335.00 to USD 345.00 on October 14, 2026.
Phillips 66 reported USD 51.00 billion in second-quarter revenue against USD 43.60 billion in estimates.
Phillips 66 stock trades at EUR 265.60 at 11:11 a.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for October 28, 2026.

Schwarzweiß-Reportagefoto eines Arbeiters bei der Wartung eines Pipelineventils in der Raffinerie — Phillips 66 (US7185461040) zeigt dokumentarisch einen Arbeiter, der an einem Rohrleitungsventil in der Raffinerie arbeitet, Illustration mit AI erstellt.

Phillips 66 (ISIN US7185461040) was trading at EUR 265.60 at Lang & Schwarz on October 15, 2026, at 11:11 a.m. CEST. Markets Insider reported on October 14, 2026, that Wells Fargo analyst Sam Margolin raised the target from USD 335.00 to USD 345.00 and maintained an Overweight rating.

Wells Fargo raises the target

The analyst move gives Phillips 66 a fresh valuation reference before its next results. Wells Fargo said investors were increasingly concerned about the duration of crude and refined-product market conditions, while keeping its 2027 WTI forecast at USD 70.00, according to Markets Insider.

Three dates changed the picture

On August 5, 2026, Phillips 66 reported second-quarter revenue of USD 51.00 billion against USD 43.60 billion in estimates and adjusted earnings per share of USD 9.41 against USD 7.50, according to MarketBeat. On October 5, 2026, the company announced that Rich Harbison would retire from the refining leadership role on December 31, 2026, while Chris Chandler would become executive vice president of Refining on January 1, 2027, as Yahoo Finance reported. The October 14, 2026, Wells Fargo target increase is the latest of the three events.

When do results arrive?

Phillips 66 is scheduled to release third-quarter 2026 results on October 28, 2026, with management hosting a webcast at noon ET, according to the company release dated September 16, 2026, published on its Phillips 66 investor site. The second-quarter revenue comparison sets a demanding benchmark for the coming report.

Valuation meets operating risk

MarketBeat reported a new 52-week high of USD 292.88 on October 14, 2026, alongside the latest earnings comparison and a potential Bayway refinery strike risk. That combination leaves the October 28 report as the next concrete test of whether refining conditions can support the elevated expectations.

Trading reference in euros

Phillips 66 was trading at EUR 265.60 at Lang & Schwarz on October 15, 2026, at 11:11 a.m. CEST. On the NYSE, the stock was last quoted at USD 297.29 on October 14, 2026, at 4:00 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.