Wells Fargo has initiated coverage on Phillips 66 (PSX) with an Overweight rating, marking the firm's first assessment of the company. This decision reflects Wells Fargo's analysis of Phillips 66's business dynamics and growth prospects within the energy sector.
Headquartered in Houston, Texas, Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and related products. The company operates across several segments, including Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. As of November 8, 2025, Phillips 66 boasts a market capitalization of $55.7 billion, a P/E ratio of 37.00, and a dividend yield of 347.3%.
The company's upcoming earnings reports are scheduled for April 22, 2026, and July 22, 2026, with expected EPS of $2.26 and $3.28, respectively. Recent performance indicates a strong Q3 2025, where Phillips 66 reported an EPS of $2.52, exceeding estimates by 15.2%.
Analyst ratings, such as this one from Wells Fargo, provide insights based on extensive research and financial models. However, potential investors should consider a range of factors, including company fundamentals and industry trends, before making decisions. Analyst views should serve as one of many inputs in the investment process, as opinions may vary and ratings can change over time.