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Phillips 66 ( (PSX) ) just unveiled an update.
On September 9, 2025, Phillips 66 announced an agreement to acquire the remaining 50% ownership interest in WRB Refining LP from Cenovus Energy Inc. for $1.4 billion. This acquisition will give Phillips 66 full ownership of the Wood River and Borger refineries, enhancing its industry position and operational synergies. The transaction is expected to increase Phillips 66’s refining capacity by approximately 250 MBD and is anticipated to deliver annual synergies of about $50 million, unlocking opportunities for high-return projects and long-term shareholder value.
The most recent analyst rating on (PSX) stock is a Hold with a $147.00 price target. To see the full list of analyst forecasts on Phillips 66 stock, see the PSX Stock Forecast page.
Spark’s Take on PSX Stock
According to Spark, TipRanks’ AI Analyst, PSX is a Outperform.
Phillips 66’s overall stock score reflects strong operational performance in key segments and robust shareholder returns, tempered by valuation concerns and legal challenges. The technical indicators suggest positive momentum, but the high P/E ratio and legal liabilities present risks.
To see Spark’s full report on PSX stock, click here.
More about Phillips 66
Phillips 66 is a leading integrated downstream energy provider that manufactures, transports, and markets products essential to the global economy. Its portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, the company is committed to providing energy safely and reliably while pursuing a lower-carbon future.
Average Trading Volume: 2,788,166
Technical Sentiment Signal: Strong Buy
Current Market Cap: $53.16B
For a thorough assessment of PSX stock, go to TipRanks’ Stock Analysis page.