Osaic Holdings Inc. and other investment companies have significant stake in Phillips 66 ($PSX). Despite a recent cool-down in share price, assessments indicate that the stock may be undervalued. Updating its 2026 capex plan, Phillips 66 is focusing on expanding midstream and refining projects. The company is also set to announce its Q4 and full-year financial results and present at the Goldman Sachs Energy, CleanTech & Utilities Conference. Despite a stock drop, BMO Capital continues to endorse a buy rating for PSX. The company unveiled its $2.4 Billion Capital Spending Plan for 2026 and there's a mix of analyst opinions on its stock. While some shares are sold by certain investors, other organizations have increased their positions in PSX, indicating an uncertain investment climate. Besides, Phillips 66 recently sold its stake in Germany-Austria retail business and defended its structure amidst pressures from activist investors. The company is focused on long-term value, which is reflected in its robust capital spending plan and recent asset sale.
Phillips 66 PSX News Analytics from Fri, 25 Jul 2025 07:00:00 GMT to Sat, 20 Dec 2025 12:35:45 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -2
