Glass Lewis, a leading shareholder advisory firm, has recommended supporting
Elliott Management's requests for board changes at
Phillips 66. However, the company remains under intensive scrutiny as it confronts claims from Elliott over alleged corporate governance faults. Regardless, key shareholders such as
Baldwin Investment Management,
Eagle Global Advisors,
AQR Capital Management and recent big moves by
AlTi Global continue to show faith in the firm. The company's
first quarter results didn't meet expectations, with reports of a Q1 loss, however, their shares have witnessed a solid
72% growth in the past five years, indicating stability. Analysts foresee
Billionaire Paul Singer's involvement implying large upside potential. Despite investors' discontent, Phillips 66 has increased its
quarterly dividend payments, indicating a robust financial positioning. Amid criticisms, Philip 66 maintains a proactive stance and continues to implement strategic moves to navigate present challenges and ensure value for shareholders.
Phillips 66 PSX News Analytics from Mon, 13 Jan 2025 08:00:00 GMT to Sat, 10 May 2025 21:58:00 GMT -
Rating 0
- Innovation 0
- Information 6
- Rumor -4
