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Phillips 66, Elliott

Elliott Investment Management invests $2.5bn in Phillips 66

Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for operational changes, including the sale of the company's midstream business. The news has seen Phillips 66 shares rise by 3.

The Associated Press on MSN · 1d

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

The Business Journals · 21h

Activist investor Elliott wants Phillips 66 to spin off business, sell JV interest

Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream business and sell its interest in the CPChem joint venture.

23h

Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye

Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...

1don MSN

Phillips 66 stock is climbing. An activist investor wants a change.

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in ...

Phillips 66 Stock Is Rising. Activist Investor Elliott Wants More From Refiner.

Elliott has built up a $2.5 billion position in Phillips 66 and will push for operations changes to boost the stock, The Wall ...

Phillips 66 price target raised to $132 from $128 at TD Cowen

TD Cowen analyst Jason Gabelman raised the firm’s price target on Phillips 66 (PSX) to $132 from $128 and keeps a Buy rating on the shares. The ...

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