PSX stock icon

Phillips 66
PSX

$138.09
0.09%
 

About: Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

Employees: 14,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 21 analysts
0
News positive %
of 18 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

45% more first-time investments, than exits

New positions opened: 199 | Existing positions closed: 137

22% more funds holding in top 10

Funds holding in top 10: 32 [Q4 2023] → 39 (+7) [Q1 2024]

18% more capital invested

Capital invested by funds: $43.8B [Q4 2023] → $51.5B (+$7.76B) [Q1 2024]

10% more call options, than puts

Call options by funds: $643M | Put options by funds: $584M

4% more funds holding

Funds holding: 1,750 [Q4 2023] → 1,812 (+62) [Q1 2024]

0.7% less ownership

Funds ownership: 74.73% [Q4 2023] → 74.04% (-0.7%) [Q1 2024]

20% less repeat investments, than reductions

Existing positions increased: 589 | Existing positions reduced: 737

Research analyst outlook

21 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$139
1%
upside
Avg. target
$164
19%
upside
High target
$191
38%
upside

21 analyst ratings

14 positive
67%
neutral
33%
negative
0%
TD Cowen
Jason Gabelman
12%upside
$155
Buy
Maintained
21 Jun 2024
Mizuho
Nitin Kumar
16%upside
$160
Neutral
Maintained
20 Jun 2024
Piper Sandler
Ryan Todd
9%upside
$151
Overweight
Maintained
14 Jun 2024
Argus Research
Bill Selesky
21%upside
$167
Buy
Reiterated
30 May 2024
Raymond James
Justin Jenkins
16%upside
$160
Outperform
Maintained
30 May 2024

Financial journalist opinion

Based on 18 articles about PSX published over the past 30 days