This evening we watched Phillips 66 rise 1.2% to a price of $137.67 per share. The Large-Cap Oil & Gas Integrated company is now trading -17.03% below its average target price of $165.92. Analysts have set target prices ranging from $147.0 to $191.0 per share for Phillips 66, and have given the stock 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 2.0%. The stock's short ratio is 3.72. The company's insiders own 0.42% 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 76.9%. In conclusion, we believe there is mixed market sentiment regarding Phillips 66.
Institutions Invested in Phillips 66
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 41,271,077 | $5,681,789,095 |
| 2024-03-31 | Blackrock Inc. | 8% | 34,113,974 | $4,696,470,738 |
| 2024-03-31 | State Street Corporation | 7% | 27,894,901 | $3,840,290,969 |
| 2024-03-31 | Wells Fargo & Company | 4% | 16,784,293 | $2,310,693,586 |
| 2024-03-31 | Wellington Management Group, LLP | 3% | 14,144,978 | $1,947,339,095 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 10,003,972 | $1,377,246,806 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 2% | 8,019,795 | $1,104,085,162 |
| 2024-03-31 | Harris Associates L.P. | 2% | 7,533,473 | $1,037,133,214 |
| 2024-03-31 | Barclays Plc | 2% | 7,150,133 | $984,358,797 |
| 2024-03-31 | Morgan Stanley | 2% | 6,796,450 | $935,667,259 |
