elliott phillips 66 - Search News

Elliott builds $2.5 billion stake in Phillips 66

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.

YAHOO!Finance · 3h

Elliott Investment Management invests $2.5bn in Phillips 66

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Hosted on MSN · 19h

Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale

Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes and the sale of the company's midstream business.

Elliott Sends Letter and Presentation to the Board of Phillips 66

Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today sent a ...

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 ...

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 ...

19h

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 ...

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