Recent updates indicate strong market interest in Phillips 66 (PSX). Several notable firms, including Empowered Funds LLC and Focus Partners Wealth, have made significant investments in PSX. Notably, PSX has also garnered interest from wealth management firms like COP Experience, Coppell Advisory Solutions, and Jones Financial Companies. Additionally, there's an indication that PSX is exploring a strategic shift into LNG contracts. The company further strengthened its position by buying a major stake in US refineries from Cenovus worth $1.4 billion, acquiring full ownership of WRB Refining. Meanwhile, various organizations like the United Services Automobile Association took a considerable position in PSX. The entity has also undergone leadership changes with Sean Maher becoming the Vice President of Investor Relations and Chief Economist. Amidst all this, PSX garnered mixed ratings from bank securities, with some recommending hold due to the risky nature of the company's use of debt and others projecting new price targets. PSX's Q2 2025 Earnings Call highlighted record refining utilization, overshadowed by a court ruling and refinery shutdowns.
