Phillips 66 (PSX) has been receiving significant attention from various financial entities. Jefferies Financial Group and Barclays have reset PSX's price target to $137 and $132 respectively, while maintaining an equal-weight recommendation. The company's shares have been purchased by firms like Ramirez Asset Management Inc. and Mirae Asset Global Investments Co. Ltd., reflecting growing investor confidence. Phillips 66's June quarter dividends are also sturdy, offering a 3.66% yield to investors. The company's decision to wind down its Los Angeles refinery is anticipated to bring a $100M charge. Amid market fluctuations, analyst firms reiterate positive forecasts, with Elliott nominating seven directors at Phillips, intensifying pressure. Well-respected financial advisor Jim Cramer even dubbed it a timely acquisition, bolstering PSX's market standing. Reflecting this, PSX has also been upgraded to a strong buy. Despite market improvements, PSX's stiock has been seen to decline, pushing buyers and sellers to continue to evaluate their holdings. Yet, with the announcement of future earnings releases and the receipt of considerable resale investment, Phillips 66 persists as a crucial entity in the market.
Phillips 66 PSX News Analytics from Wed, 21 May 2025 07:00:00 GMT to Sat, 11 Oct 2025 13:10:33 GMT - Rating 4 - Innovation -5 - Information 7 - Rumor -8
