On July 16, Phillips 66 rose 3.18% in regular trading, trading at $202.0/share, with turnover of $102 million. The stock rebounded sharply after declining 3.08% in the prior session on July 15.

The oil and gas refining and marketing sector rallied broadly, with PBF Energy up 3.51%, HF Sinclair up 3.48%, Valero up 3.17%, Calumet up 2.85%, and Marathon Petroleum up 2.54%. The sector-wide recovery follows continued geopolitical tensions surrounding the Strait of Hormuz, which Iran has stated remains closed, supporting crude oil prices and refining margins.

Phillips 66 has also benefited from a series of analyst upgrades in recent weeks. BMO Capital raised its price target to $220 on July 13, while Jefferies lifted its target to $207 on July 10. The stock has gained approximately 56% year-to-date, with its next earnings report scheduled for August 5, where consensus expects EPS of $7.68.

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