Phillips 66 (PSX) has had various noteworthy trading activities recently. PSX has sold its stake in its Germany-Austria retail business and is experiencing renewed midstream optimism. It's noted that Elliott Investment Management L.P., Natixis, Gamco Investors INC. ET AL and others have increased their holdings in the company, while companies like State Street Corp and Fayez Sarofim & Co have parted with significant shares. The company's stock performance sparks interest, especially in light of its Q3 earnings beat and strong refining performance. This strong performance has led to raised price targets from multiple firms, although some, like Piper Sandler, maintain their neutral recommendations. Recent company moves include the successful completion of a retail majority sale, expanded western gateway pipeline, and a sizable investment from Norges Bank. Notwithstanding, some concerns over Phillips 66's debt levels have been raised.
Phillips 66 PSX News Analytics from Tue, 08 Jul 2025 07:00:00 GMT to Fri, 12 Dec 2025 14:17:49 GMT - Rating 8 - Innovation 4 - Information 7 - Rumor -3
