Phillips 66 shares rose 1.9% this afternoon to a price of $145.09. The stock is still trading within range of its average target price of $141.79, and over the last 52 weeks, it has recorded a 45.3% performance. Analysts have given the large-cap Oil & Gas Integrated stock target prices ranging from $129.0 to $153.0 dollars per share, with an average rating of buy.
Phillips 66's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 2.81. The company's insiders own 0.39% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 74.9%. In conclusion, we believe there is mixed market sentiment regarding Phillips 66.
Institutions Invested in Phillips 66
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 40,128,511 | $5,822,245,514 |
| 2023-09-30 | Blackrock Inc. | 8% | 34,884,502 | $5,061,392,267 |
| 2023-09-30 | State Street Corporation | 7% | 30,752,446 | $4,461,872,277 |
| 2023-09-30 | Wells Fargo & Company | 4% | 17,121,077 | $2,484,096,999 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 9,734,785 | $1,412,419,920 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 9,060,904 | $1,314,646,528 |
| 2023-09-30 | Barclays Plc | 2% | 7,760,709 | $1,126,001,240 |
| 2023-09-30 | Aristotle Capital Management, LLC | 2% | 7,580,105 | $1,099,797,406 |
| 2023-09-30 | Morgan Stanley | 2% | 6,768,960 | $982,108,381 |
| 2023-09-30 | Bank of America Corporation | 1% | 6,482,119 | $940,490,621 |
