Phillips 66 (PSX)

• Market cap: $40.4B
• 1 day: 2.62%
• 5 days: 2.47%
• 1 month: -23.29%
• 3 months: -17.78%
• 6 months: -25.68%
• Year to date: -13.38%
• 1 year: -36.98%
• 5 years: 66.47%
• 10 years: 27.03%
• Sector: Energy
• Industry: Oil & Gas Refining & Marketing

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

Fund manager confidence

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

13% more first-time investments, than exits

New positions opened: 203 | Existing positions closed: 180

2.85% more ownership

Funds ownership: 71.36% [Q3] → 74.21% (+2.85%) [Q4]

3% more call options, than puts

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

0% less funds holding

Funds holding: 1,745 [Q3] → 1,739 (-6) [Q4]

6% less repeat investments, than reductions

Existing positions increased: 601 | Existing positions reduced: 642

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

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

• Low target: $106 7% upside
• Avg. target: $134 35% upside
• High target: $162 63% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Scotiabank Paul Cheng 30% 1-year accuracy 11 / 37 met price target	34% upside $133	Sector Outperform Maintained	11 Apr 2025
Barclays Theresa Chen 30% 1-year accuracy 10 / 33 met price target	7% upside $106	Equal-Weight Maintained	10 Apr 2025
Raymond James Justin Jenkins 10% 1-year accuracy 2 / 21 met price target	41% upside $140	Outperform Maintained	9 Apr 2025
Mizuho Nitin Kumar 23% 1-year accuracy 14 / 62 met price target	33% upside $132	Neutral Maintained	9 Apr 2025
Goldman Sachs Neil Mehta 42% 1-year accuracy 25 / 59 met price target	33% upside $132	Neutral Downgraded	27 Mar 2025