Are Wall Street Analysts Predicting BXP Stock Will Climb or Sink?

Houston, Texas-based Phillips 66 is a diversified energy manufacturing and logistics company. The company operates through Midstream, Chemicals, Refining, and Marketing & Specialties segments. With a market cap of $54.3 billion, its operations span various countries in the Americas, Europe, and internationally.

The energy giant has underperformed the broader market over the past year. Despite rallying 11.9% over the past 52 weeks, PSX stock has lagged behind the S&P 500 Index’s ($SPX) 31.1% returns. PSX saw a 1.3% decline in 2024 compared to SPX’s 24.7% gains on a YTD basis.

Narrowing the focus, PSX has outperformed the Vaneck Oil Refiners ETF’s 9.8% gain over the past 52 weeks and an 8.1% dip on a YTD basis.

PSX shares plummeted 4.4% after posting its third-quarter earnings on Oct. 29. On the bright side, its adjusted EPS of $2.04 surpassed Wall Street’s expectations. However, its refining segment was hit by a drop in realized margins, driven by lower crack spreads, which fell to $8.31 per barrel in the quarter from $19.06 a barrel, driving the stock down.

For the current fiscal year, ending in December, analysts expect Phillips 66 to report an EPS decline of 52.1% to $7.57. The company’s earnings surprise history is mixed. It surpassed the consensus estimates in three of the past four quarters while missing the estimates on another occasion.

Among the 19 analysts covering the PSX stock, the consensus rating is a “Moderate Buy.” That’s based on 11 “Strong Buy” ratings, one “Moderate Buy,” and seven “Holds.”

This configuration is slightly more bullish than a month ago, with ten analysts suggesting a “Strong Buy.”

On Nov. 11, Barclays PLC reduced its price target for Phillips 66 from $133 to $124 while maintaining an “Equal-Weight” rating on the stock.

PSX’s mean price target of $145.35 represents a premium of 10.6% from current price levels. The Street-high target of $167 indicates a potential upside of 27.1%.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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Valero Energy Corporation , headquartered in San Antonio, Texas, manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products. Valued at $45 billion by market cap, the company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as offers diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

Shares of this largest independent refiner have underperformed the broader market considerably over the past year. VLO has gained 13.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.1%. In 2024, VLO’s stock rose 8.6%, compared to the SPX’s 24.1% rise on a YTD basis.

Narrowing the focus, VLO’s outperformance is apparent compared to the VanEck Oil Refiners ETF . The exchange-traded fund has declined about 10.5% over the past year. Moreover, VLO’s returns on a YTD basis outshine the ETF’s 8.4% losses over the same time frame.

On Oct. 24, VLO shares closed down more than 1% after reporting its Q3 results. Its EPS of $1.14 missed Wall Street expectations of $1.29. The company’s revenue was $32.9 billion, missing Wall Street forecasts of $33 billion.

For the current fiscal year, ending in December, analysts expect VLO’s EPS to decline 64.2% to $8.92 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in three of the last four quarters while missing the forecast on another occasion.

Among the 18 analysts covering VLO stock, the consensus is a “Strong Buy.” That’s based on 14 “Strong Buy” ratings, three “Holds,” and one “Strong Sell.”

This configuration is more bullish than two months ago, with 13 analysts suggesting a “Strong Buy.”

On Nov. 11, Barclays PLC analyst Theresa Chen kept an “Overweight” rating and lowered the price target on VLO to $140.

The mean price target of $153.33 represents an 8.6% premium to VLO’s current price levels. The Street-high price target of $176 suggests an upside potential of 24.6%.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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Northbrook, Illinois-based CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities. Valued at $15.2 billion by market cap, the company provides clean energy to feed and fuel the world sustainably.

Shares of this leading global manufacturer of hydrogen and nitrogen products have underperformed the broader market considerably over the past year. CF has gained 16.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.1%. In 2024, CF’s stock rose 13.1%, compared to the SPX’s 24.1% rise on a YTD basis.

Narrowing the focus, CF’s outperformance is apparent compared to the iShares U.S. Basic Materials ETF . The exchange-traded fund has gained about 12.3% over the past year. Moreover, CF’s double-digit returns on a YTD basis outshine the ETF’s 4.7% gains over the same time frame.

On Oct. 30, CF shares closed up marginally after reporting its Q3 results. Its EPS of $1.55 surpassed Wall Street expectations of $1.05. The company’s revenue was $1.4 billion, topping Wall Street forecasts of $1.2 billion.

For the current fiscal year, ending in December, analysts expect CF’s EPS to decline 21.3% to $6.32 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in two of the last four quarters while missing the forecast on two other occasions.

Among the 14 analysts covering CF stock, the consensus is a “Moderate Buy.” That’s based on four “Strong Buy” ratings, one “Moderate Buy,” seven “Holds,” one “Moderate Sell,” and one “Strong Sell.”

This configuration is less bullish than two months ago, with five analysts suggesting a “Strong Buy.”

On Nov. 14, Barclays PLC analyst Benjamin Theurer maintained a “Buy” rating on CF with a price target of $96, implying a potential upside of 6.8% from current levels.

While CF currently trades above its mean price target of $87.57, the Street-high price target of $105 suggests an upside potential of 16.8%.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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