PSX icon

Phillips 66

110.92 USD
+1.73
1.58%
At close May 9, 4:00 PM EDT
After hours
110.92
+0.00
0.00%
1 day
1.58%
5 days
4.81%
1 month
7.55%
3 months
-10.34%
6 months
-13.30%
Year to date
-3.05%
1 year
-24.91%
5 years
44.67%
10 years
37.72%
 

About: Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.

Employees: 13,200

0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 9 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

12% more first-time investments, than exits

New positions opened: 202 | Existing positions closed: 180

2.84% more ownership

Funds ownership: 71.36% [Q3] → 74.21% (+2.84%) [Q4]

3% more call options, than puts

Call options by funds: $309M | Put options by funds: $299M

0% less funds holding

Funds holding: 1,746 [Q3] → 1,739 (-7) [Q4]

6% less repeat investments, than reductions

Existing positions increased: 603 | Existing positions reduced: 641

7% less capital invested

Capital invested by funds: $39.3B [Q3] → $36.6B (-$2.67B) [Q4]

61% less funds holding in top 10

Funds holding in top 10: 18 [Q3] → 7 (-11) [Q4]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$106
4%
downside
Avg. target
$132
19%
upside
High target
$149
34%
upside

9 analyst ratings

positive
56%
neutral
44%
negative
0%
JP Morgan
John Royall
33% 1-year accuracy
5 / 15 met price target
18%upside
$131
Overweight
Maintained
29 Apr 2025
UBS
Spiro Dounis
33% 1-year accuracy
5 / 15 met price target
26%upside
$140
Buy
Maintained
28 Apr 2025
Wells Fargo
Roger Read
28% 1-year accuracy
31 / 110 met price target
34%upside
$149
Overweight
Maintained
28 Apr 2025
Morgan Stanley
Connor Lynagh
40% 1-year accuracy
8 / 20 met price target
10%upside
$122
Equal-Weight
Maintained
24 Apr 2025
Scotiabank
Paul Cheng
34% 1-year accuracy
13 / 38 met price target
20%upside
$133
Sector Outperform
Maintained
11 Apr 2025

Financial journalist opinion

Based on 28 articles about PSX published over the past 30 days

Neutral
PRNewsWire
1 day ago
Glass Lewis Recommends Shareholders Support Elliott's Case for Urgent Board Change at Phillips 66
Glass Lewis Recognizes Need for Independent Perspectives in the Phillips 66 Boardroom and Recommends Support for Elliott Director Nominees Brian Coffman, Sigmund Cornelius and Michael Heim Concludes Elliott Has Presented a More Compelling Case By a "Relatively Decisive Margin" and Phillips 66's Underperformance and Poor Governance Should be of "Significant Concern" to Investors   Cites Company's "Increasingly Dubious" Commitment to Corporate Governance and "Creative Representation" of the Facts as Further Evidence That Meaningful Change is Needed in the Boardroom Details How Phillips 66's Arguments are "Disconnected from
Glass Lewis Recommends Shareholders Support Elliott's Case for Urgent Board Change at Phillips 66
Neutral
Business Wire
2 days ago
Phillips 66 Provides Statement of Critical Facts
HOUSTON--(BUSINESS WIRE)--Phillips 66 today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21.
Phillips 66 Provides Statement of Critical Facts
Neutral
Seeking Alpha
3 days ago
Phillips 66: Refining Turn & Activist Pressure Create Opportunity
Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic challenges. Q1 results were weak, with a $0.90 loss per share, but turnaround work should improve margins and throughput in the near term. The company is reducing debt and focusing on shareholder returns, with potential upside from asset sales and improved refining margins.
Phillips 66: Refining Turn & Activist Pressure Create Opportunity
Neutral
PRNewsWire
5 days ago
Elliott Management Presents the Choice for Phillips 66 Shareholders
PSX Leadership Supports Poor Performance and the Status Quo  Elliott's "Streamline 66" Plan Would Create a Stronger Phillips 66 Based on Experience and Results, Not Rhetoric  Visit Streamline66.com to Download the Full Presentation WEST PALM BEACH, Fla. , May 6, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Elliott Management Presents the Choice for Phillips 66 Shareholders
Neutral
Business Wire
6 days ago
Elliott Fails to Address Key Investor Questions
HOUSTON--(BUSINESS WIRE)--Phillips 66 today responded to a May 2 letter released by Elliott Management.
Elliott Fails to Address Key Investor Questions
Neutral
PRNewsWire
1 week ago
Elliott Sends Letter to Shareholders Detailing Phillips 66's Broken Corporate Governance and Disingenuous Shareholder Engagement
Asserts that the Company's Current Directors Have Allowed a Culture of Complacency and Deference to Management to Take Root in the Boardroom Debunks Phillips 66's Misleading Claims    Urges Shareholders to Help Phillips 66 Unlock its Full Value-Creation Potential by Voting on the Gold Card for Elliott's Four Independent Nominees WEST PALM BEACH, Fla. , May 2, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Elliott Sends Letter to Shareholders Detailing Phillips 66's Broken Corporate Governance and Disingenuous Shareholder Engagement
Neutral
Bloomberg Markets and Finance
1 week ago
Phillips 66 CEO on Proxy Fight with Elliott
Mark Lashier, chairman and CEO of Phillips 66, joins "Bloomberg The Close" to discuss how the US fuel maker is navigating current economic conditions and the latest on their proxy fight with Elliott Investment Management. -------- More on Bloomberg Television and Markets Like this video?
Phillips 66 CEO on Proxy Fight with Elliott
Neutral
PRNewsWire
1 week ago
Elliott Releases Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Michael Heim
Episode With Mr. Heim, A Founder of Targa Resources, Features Perspectives on Phillips 66 Operations and Value-Unlocking Options for the Company's High-Quality Assets Visit Streamline66.com  to Subscribe to the Podcast and Learn About Elliott's "Streamline 66" Campaign at Phillips 66 WEST PALM BEACH, Fla.
Elliott Releases Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Michael Heim
Neutral
PRNewsWire
1 week ago
Elliott Management Releases Investor Presentation on Phillips 66
Highlights Path to Unlocking Substantial Upside By Reversing Company's Cycle of Underperformance  "Streamline 66" Plan Would Transform Phillips 66 Through Board Enhancements, Operational Improvements and Portfolio Simplification Click Here  to Download the Full Presentation WEST PALM BEACH, Fla. , April 29, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Elliott Management Releases Investor Presentation on Phillips 66
Neutral
Business Wire
1 week ago
Phillips 66 Files Investor Presentation Highlighting Proven Strategy, Board Strength and Path for Shareholder Value Creation
HOUSTON--(BUSINESS WIRE)--Phillips 66 today filed an investor presentation with the U.S. SEC in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025.
Phillips 66 Files Investor Presentation Highlighting Proven Strategy, Board Strength and Path for Shareholder Value Creation
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