Barclays Raises Phillips 66 (PSX) Target to $158, Keeps Equal Weight Rating

On February 20, 2026, Barclays raised the terms people connected Phillips 66 (NYSE:PSX) from $142 to $158 portion maintaining an Equal Weight rating. Earlier, connected February 4, 2026, Phillips 66 (NYSE:PSX) reported its net results for the 4th fourth and afloat twelvemonth 2025, highlighting net of $2.9 billion, oregon $7.17 per share, and an adjusted EBITDA of $1 billion, oregon $2.47 per share, for the quarter. In the net call, portion responding to questions from Barclays expert Theresa Chen, the institution dismissed concerns that caller Permian state pipelines volition disrupt ethane recovery. The institution anticipates ethane pricing to stay competitory to conscionable Gulf Coast request and to enactment its upcoming Golden Triangle task successful 2027.

In a abstracted event, connected February 19, 2026, Phillips 66 (NYSE:PSX)’s Executive Vice President Don Baldridge sold 7,500 shares of the company’s banal successful a transaction valued astatine $1,200,000.

Phillips 66 (NYSE:PSX), spun disconnected from ConocoPhillips successful 2012, is simply a large integrated downstream vigor institution with office successful Texas.

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