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Elliott builds $2.5 billion stake in Phillips 66

Activist Elliott Ratchets Up Pressure on Phillips 66 With Over $2.5 Billion Stake

Activist Elliott Investment Management on Tuesday disclosed a stake in Phillips 66 valued at more than $2.5 billion and said it is pushing the oil refiner to consider operational changes to boost its stagnant stock.

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.

Investopedia · 1d

Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake

Phillips 66 shares are jumping 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.

GlobalData on MSN8h

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 ...

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 ...

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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Elliott builds $2.5 billion stake in Phillips 66

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