Phillips 66 (PSX) has experienced an increase of 8.9% owing to the announced acquisition of Lindsey Oil Refinery assets, despite dips in the general market. This mixed performance has led to fluctuation of shares, with several investment groups adjusting their stake in the energy company. Nisa Investment Advisors LLC and Park Avenue Securities LLC have sold thousands of shares of PSX, while Robeco Institutional Asset Management B.V. and Strategic Planning Group LLC both increased their stakes significantly. Additionally, Allspring Global Investments Holdings LLC has raised their position in PSX. PSX's impressive recent performance has garnered the attention of Wall Street despite a downgrade by Freedom Capital Markets. The company is also expanding its midstream and refining projects, revealing a $2.4 billion Capital Spending Plan for 2026. A focus on Venezuelan crude oil may strengthen their operation as per their CEO, although there is ongoing debate among analysts regarding the company's fundamental attractiveness and valuation. Despite a court ruling, Phillips 66's dividend has strengthened, proving its resilience.
Phillips 66 PSX News Analytics from Fri, 25 Jul 2025 07:00:00 GMT to Sat, 10 Jan 2026 15:14:45 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor 5
