Recent updates regarding Phillips 66 (PSX) include significant activities from multiple investment firms and experts, alongside intriguing internal strategies from the company. There has been a considerable level of buy and sell activity relating to PSX shares by groups like Eldred Rock Partners, Gateway Investment Advisers, and Czech National Bank. Notably, Jim Cramer has endorsed PSX as a timely buy. Other analysts from Evercore ISI and Mizuho expect PSX's stock price to rise.
PSX has made moves towards enhancing its position in the market, including its strategic acquisition aimed at overpowering Valero Energy and purchasing a remaining stake in major US refineries from Cenovus. The appointment of a new Chief Economist could possibly indicate changes in its strategic outlook. Additionally, the company's $2 billion public offering of Junior Subordinated Notes suggests a significant move. The company also plans to announce third-quarter financial results soon.
Elliott Investment Management's nomination of seven directors at PSX is applying pressure on the company, as PSX's stock performance continues to attract interest despite some setbacks.
Phillips 66 PSX News Analytics from Wed, 21 May 2025 07:00:00 GMT to Sun, 21 Sep 2025 00:05:29 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor 5
