Neo Ivy Capital Management and the Vanguard Group Inc. are among firms initiating new investments in Phillips 66 (PSX). Moreover, others such as TD Waterhouse Canada Inc. and Cetera Investment Advisers are increasing their stakes, demonstrating institutional investor confidence in the company. However, an $833 Million legal judgment has led to a 5.4% decline in PSX's value. Despite this, its stock maintains an Equal-Weight recommendation from Barclays and a Buy recommendation from UBS. Brian Mandell did sell around 26,200 of his shares, raising eyebrows concerning PSX's long-term performance. This development coincides with a series of stake reductions notably by Wealthspire Advisors LLC and Archer Investment Corp. Showing a positive, the company hit a 12-month high after an analyst upgrade and outperformed oil-energy stocks this year. The judgement notwithstanding, the company's aggressive share buybacks, refining margin improvements, and pipeline projects may compensate for weaker profits. PSX also plans for a renewable diesel expansion and achieved a 24% YTD gain.
Phillips 66 PSX News Analytics from Fri, 25 Jul 2025 07:00:00 GMT to Sat, 22 Nov 2025 13:11:15 GMT -
