Mizuho raises target for Phillips 66 stock to USD 300.00
Published on 10/08/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho lifted its Phillips 66 price target from USD 220.00 to USD 300.00 on October 8, 2026.
- Second-quarter fiscal 2026 revenue rose 55.30 percent to USD 52.04 billion.
- Lang & Schwarz quoted Phillips 66 at EUR 247.65, plus 2.08 percent versus the prior close.
Phillips 66 (ISIN US7185461040) was trading at EUR 247.65 at Lang & Schwarz on October 8, 2026 at 4:30 p.m. CEST, while Mizuho lifted its price target from USD 220.00 to USD 300.00 and reissued a Neutral rating on the same date, as MarketBeat reported. The target change puts valuation, refining margins and the approaching results release at the center of the stock story.
Three target changes in focus
The analyst chronology shows a sharp upward reset in September and October. On September 17, 2026, BMO Capital raised its target from USD 260.00 to USD 310.00 while keeping an Outperform rating, according to Marketscreener. On September 30, 2026, TD Cowen raised its target from USD 255.00 to USD 295.00, as MarketBeat reported. Mizuho's USD 300.00 target is the latest step in that sequence.
What does the second quarter mean for cash flow?
Phillips 66 reported USD 52.04 billion in total revenue and other income for the second quarter of fiscal 2026, up 55.30 percent from USD 33.52 billion a year earlier, according to Ticker Scout. Net income reached USD 3.85 billion, up 338.70 percent from USD 877.00 million, while diluted earnings per share rose to USD 9.55 from USD 2.15. Operating cash flow was USD 7.26 billion, up 759.10 percent from USD 845.00 million, although the source identifies a working-capital release as a major contributor.
October 28 results set the next test
Phillips 66 will release its third-quarter 2026 results on October 28, 2026, and management will host a webcast at noon ET, according to the company's Phillips 66 release dated September 16, 2026. The event will show whether the second-quarter refining uplift translated into another period of elevated earnings and cash generation.
Stock trades higher in Europe
The Lang & Schwarz quote stood at EUR 247.65 on October 8, 2026 at 4:30 p.m. CEST, up 2.08 percent versus the prior close of EUR 242.60 dated October 7, 2026. On the NYSE, Phillips 66 was last at USD 277.87 on October 8, 2026 at 10:31 a.m. ET; its market capitalization was USD 111.4 billion and its 52-week range was USD 126.74 to USD 278.25 on that date. 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 Company
- ISIN: US7185461040
- Ticker: PSX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 4:30 p.m. CEST): EUR 247.65
- Change versus prior close: plus 2.08 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 242.60
- Market capitalization: USD 111.4 billion (as of October 8, 2026)
- 52-week range: USD 126.74-278.25 (as of October 8, 2026)
- Sector / Industry: Energy / Oil & Gas Refining & Marketing
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
