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Phillips 66

124.70 USD
-0.87
0.69%
At close May 14, 4:00 PM EDT
After hours
124.40
-0.30
0.24%
1 day
-0.69%
5 days
17.21%
1 month
27.48%
3 months
-2.61%
6 months
-3.90%
Year to date
8.99%
1 year
-13.91%
5 years
73.80%
10 years
52.76%
 

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
$115
8%
downside
Avg. target
$133
7%
upside
High target
$149
19%
upside

9 analyst ratings

positive
56%
neutral
44%
negative
0%
Mizuho
Nitin Kumar
44% 1-year accuracy
28 / 63 met price target
11%upside
$138
Neutral
Maintained
13 May 2025
Barclays
Theresa Chen
50% 1-year accuracy
17 / 34 met price target
8%downside
$115
Equal-Weight
Maintained
12 May 2025
JP Morgan
John Royall
53% 1-year accuracy
8 / 15 met price target
5%upside
$131
Overweight
Maintained
29 Apr 2025
UBS
Spiro Dounis
33% 1-year accuracy
5 / 15 met price target
12%upside
$140
Buy
Maintained
28 Apr 2025
Wells Fargo
Roger Read
40% 1-year accuracy
46 / 114 met price target
19%upside
$149
Overweight
Maintained
28 Apr 2025

Financial journalist opinion

Based on 34 articles about PSX published over the past 30 days

Negative
CNBC Television
1 day ago
Faber Report: ISS backs Elliott in Phillips 66 fight
David Faber discusses the latest details on Elliott's proxy fight with Phillips 66.
Faber Report: ISS backs Elliott in Phillips 66 fight
Positive
WSJ
1 day ago
Elliott Wins Backing from Proxy Advisers in Phillips 66 Boardroom Battle
The activist investor won support from influential proxy advisory firm ISS.
Elliott Wins Backing from Proxy Advisers in Phillips 66 Boardroom Battle
Neutral
Business Wire
1 day ago
Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services and Glass Lewis & Co.
Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
Neutral
PRNewsWire
2 days ago
Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Director Nominees
ISS Validates Elliott's Case for Change and Recommends Nominees Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt Notes Phillips 66's "Disappointing" Operating Performance, "Selective Disclosure, Unverifiable Claims About Various Operational Successes, and Ambiguous and Vague Responses to Otherwise Basic Questions" Cites the Board's "Failure" to Ensure Strong Governance and Board Oversight as Evidence of the Company's "Disconnect from Shareholders" All Three Proxy Advisory Firms – ISS, Glass Lewis and Egan-Jones – Have Now Endorsed Elliott's Case for Change at Phillips 66  WEST PALM BEACH, Fla. , May 12, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Director Nominees
Positive
Reuters
2 days ago
Elliott wins ISS support in Phillips 66 proxy battle
Elliott Investment Management scored a victory on Monday in its board fight at Phillips 66 when prominent proxy advisory firm Institutional Shareholder Services (ISS) recommended that investors elect all four of the activist's director nominees.
Elliott wins ISS support in Phillips 66 proxy battle
Neutral
Business Wire
2 days ago
Phillips 66 to Host Annual Meeting of Shareholders
HOUSTON--(BUSINESS WIRE)--Phillips 66 will host its 2025 Annual Meeting of Shareholders on Wednesday, May 21 at 8 a.m. CT in a virtual-only format via audio webcast.
Phillips 66 to Host Annual Meeting of Shareholders
Neutral
PRNewsWire
4 days 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
5 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
6 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
1 week 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
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