Phillips 66 (PSX) saw an impressive
114% return in the last three years, pleasing their investors. Despite market dips, PSX managed to gain, causing intrigue among investors and analysts. Recent adjustments to PSX's price target to
$136.00 have been made by Piper Sandler while bets on PSX options by market whales indicate varying market sentiments. Q1 2025
EPS estimates for Phillips 66 have been raised by an analyst. A notable
76% institutional ownership shows PSX to be a favorite amongst big players.
Third-quarter financial results are due for announcement, offering potential insights into company performance. The company faced activist pressure from Elliot Management but remains optimistic about their financial outlook. A potential global refining shortage next year was projected by the
Phillips 66 CEO. Notably, HSBC Holdings PLC purchased 177,684 shares of PSX. Some see strong fundamentals in the company, despite stock weakness, while others raise questions about their debt usage. An earnings miss in Q1 2024 was reported, but this contrasted with a surge following a Q2 earnings beat. PSX is contemplating an asset sale, while maintaining a focus on driving strong returns.
Phillips 66 PSX News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Sat, 21 Sep 2024 21:42:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
