Phillips 66
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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1.03% more ownership
Funds ownership: 72.94% [Q3] → 73.97% (+1.03%) [Q4]
4% more first-time investments, than exits
New positions opened: 184 | Existing positions closed: 177
3% more call options, than puts
Call options by funds: $309M | Put options by funds: $299M
7% less repeat investments, than reductions
Existing positions increased: 577 | Existing positions reduced: 620
4% less funds holding
Funds holding: 1,744 [Q3] → 1,666 (-78) [Q4]
8% less capital invested
Capital invested by funds: $39.8B [Q3] → $36.5B (-$3.34B) [Q4]
61% less funds holding in top 10
Funds holding in top 10: 18 [Q3] → 7 (-11) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target | 26%upside $162 | Overweight Maintained | 3 Feb 2025 |
Barclays Theresa Chen 46% 1-year accuracy 12 / 26 met price target | 11%downside $115 | Equal-Weight Maintained | 13 Jan 2025 |
Mizuho Nitin Kumar 49% 1-year accuracy 35 / 71 met price target | 14%upside $147 | Neutral Maintained | 16 Dec 2024 |
Financial journalist opinion
Based on 28 articles about PSX published over the past 30 days
