Seasonal demand shifts in gasoline refining capacity play a role in psx stock price forecast, as Q2 and Q3 often reflect peak utilization rates, leading to stronger revenue prints. The three-year median payout ratio for Phillips 66 is 31%, which is moderately low. The company is retaining the remaining 69%. So it seems that Phillips 66 is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered. Phillips 66 (PSX) is a multinational company in the energy sector, operating primarily in the Oil & Gas Refining and Marketing industry. Headquartered in Houston, Texas, it was formed in 2012 when ConocoPhillips spun off its downstream operations. The company is involved in refining crude oil (CLU25), transporting and marketing natural gas liquids (NGLs), petrochemicals, and fuel products, and it co-owns the Chevron Phillips Chemical joint venture. Phillips 66’s market cap stands at approximately $48.5 billion. Industry analysts align psx stock price forecast with macroeconomic indicators such as WTI crude stability around $80/bbl, reinforcing valuation targets near $112 in the coming quarter.
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