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Activist Elliott UPS Stake in Phillips 66
Activist Elliott Ratchets Up Pressure on Phillips 66 With Over $2.5 Billion Stake
The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.
Activist Elliott confirms $2.5B-plus stake in Phillips 66, urges pipeline unit sale or spinoff
Elliott Investment Management confirms a more than $2.5B stake in Phillips 66 and will seek to streamline the company, most notably with the sale or spinoff of its midstream business.
Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake
KEY TAKEAWAYS Phillips 66 shares are jumping about 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott Investment Management has built a more than $2.5 billion stake in the oil refiner.
Phillips 66 Q4 Earnings Top Estimates
Phillips 66 (PSX) Q4 2024 Earnings Call Transcript
Welcome to the fourth quarter 2024 Phillips 66 earnings conference call. My name is Emily, and I'll be your operator for today's call. [Operator instructions] Please note that this conference is being recorded. I will now turn the call over to Jeff Dietert, vice president, investor relations. Jeff, you may begin.
Phillips 66 Q4 2024 Earnings Preview: Loss expected amid refining weakness
Phillips 66 ( NYSE: PSX) is scheduled to announce Q4 earnings results on Friday, January 31st, during market hours. Wall Street, on average, expects the integrated downstream energy provider to post a quarterly loss of $0.23 per share (-107.4% Y/Y) on revenue of $35.77B in Q4.
Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
Phillips 66 PSX reported better-than-expected fourth-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased 3.1% since its earnings release on Jan.
Investor's Business Daily on MSN
1d
Activist Elliott Management Wants Phillips 66 To Spinoff This Segment To Boost Stock Price
Phillips 66 stock moved higher before the stock market open on news Elliott Management has increased its stake in the company.
1d
Elliott discloses over $2.5B position in Phillips 66, sends letter to board
EST Elliott discloses over $2.5B position in Phillips 66 (PSX), sends letter to boardMaximize Your Portfolio with Data Driven ...
12d
Phillips 66 Q4 profit plunges, shares fall on weak refining margins
Refiner Phillips 66 reported a smaller-than-expected loss on Friday as strength in its renewables segment offset a sharp ...
13h
Phillips 66 stock underperforms Wednesday when compared to competitors
Shares of Phillips 66 PSX shed 3.48% to $125.04 Wednesday, on what proved to be an all-around rough trading session for the ...
1d
Phillips 66 (PSX) Gets a Hold from Barclays
In a report released today, Theresa Chen from Barclays maintained a Hold rating on Phillips 66 (PSX – Research Report), with a price target of ...
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