Wolfe Research Upgrades Phillips 66: Read What the Analysts Are Saying
On January 3, 2025, Wolfe Research boosted their rating for Phillips 66 (LSE:0KHZ) from Peer Perform to Outperform.
Analyst Predictions Indicate Significant Growth
As of December 23, 2024, analysts set an average one-year price target for Phillips 66 at 146.95 GBX per share. Projections vary between a low of 125.54 GBX and a high of 170.12 GBX. Notably, this target suggests a potential 28.11% increase from the most recent closing price of 114.70 GBX per share.
Exploring Fund Sentiment
A total of 2,707 funds or institutions currently report holdings in Phillips 66. This reflects a decline of 39 owners or 1.42% from the last quarter. The average portfolio weight assigned to 0KHZ by all funds has risen by 14.31% to 0.30%. However, institutional shares owned have decreased by 2.87% over three months, totaling 346,132K shares.
Wells Fargo currently holds 16,153K shares, equating to 3.91% ownership of the firm. This represents a reduction from 16,621K shares, or a decrease of 2.89%. The firm’s allocation in 0KHZ has dropped significantly by 71.82% in the latest quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 13,266K shares, representing 3.21% of Phillips 66. Previously, they reported 13,385K shares, indicating a 0.90% decrease. Their portfolio allocation in 0KHZ was reduced by 13.32% over the past quarter.
XLE – The Energy Select Sector SPDR Fund possesses 11,154K shares, accounting for 2.70% ownership, down from 11,736K shares, a decline of 5.22%. Their portfolio allocation in 0KHZ decreased by 5.51% in the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares has 10,963K shares, which is 2.65% ownership. This portfolio marginally increased from 10,881K shares, marking a 0.75% rise. However, their allocation in 0KHZ has reduced by 13.66% this quarter.
Harris Associates L P holds 9,795K shares, representing 2.37% ownership. They previously held 8,447K shares, an increase of 13.76%. Yet, their portfolio allocation in 0KHZ has decreased by 18.22% over the past quarter.
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