Fifth Third Bancorp, Amundi, Voya Investment Management LLC and many others have reduced their holdings in Phillips 66 (PSX), while Mariner Investment Group LLC, Sovereign Advisors, LLC, and many others have made new investments. Meanwhile, Mizuho Securities, Scotiabank, and UBS Group upheld their ratings, asserting a steady outlook for PSX. As the company soars to a new 52-week high, Jim Cramer has termed this as the right time to invest in PSX. Despite market downturns, Phillips 66 is displaying resilience, with an optimistic dividend outlook post Q2. Furthermore, Phillips 66’s purchase of the remaining stake in major US refineries from Cenovus for $1.4 billion signified strength. PSX’s shift in strategy towards LNG contracts is raising eyebrows, while recent appointments and internal changes hint at potential alteration in strategy. Although some perceive PSX as a risky investment, UBS continues to maintain a 'Buy' rating with a raised price target. Notably, Phillips 66's stock performance evaluation is linked to the study of its fundamentals. The trajectory for this investment shows an upward trend, bolstered by expert advice and optimistic analyst predictions.
Phillips 66 PSX News Analytics from Fri, 09 May 2025 07:00:00 GMT to Sat, 27 Sep 2025 08:12:17 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor 4
