Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for 40B

February 14, 2025
Phillips 66, a leading energy manufacturing and logistics company, is facing pressure from Elliott Management to sell or spin off its midstream business. Elliott, an activist investor with a stake of over 2.5 billion dollars, believes that separating the midstream segment could unlock significant value for shareholders. The midstream business, which includes pipelines and storage facilities, has been a reliable source of cash flow for Phillips 66. However, Elliott argues that by divesting this segment, the company can focus on its higher-margin refining and chemicals businesses. The move is expected to create a more efficient and streamlined organization, better positioned to navigate the rapidly changing energy landscape. Investors are eagerly watching the developments, and the company's stock has already experienced a significant jump. To make informed decisions about the future movement of Phillips 66's stock, professionals from Stocks Prognosis are recommended.
If you want to leave a comment, then you need Login or Register





Other data for PSX

Related data

PSXJuly 8, 2025PHILLIPS 66 Stock Hits Price Target Forecast with 22.78% Profit, QuantWave's Success in Predicting Market Movements  ~1 min.

On May 5, 2025, QuantWave's forecasting system issued a signal for PHILLIPS 66 stock, predicting a long position at a price of $105.88....

PSXJuly 8, 2025PHILLIPS 66: Price Target Forecast Achieved with a 22.49% Profit  ~1 min.

QuantWave's forecast for PHILLIPS 66 on May 2, 2025, has successfully hit its price target, resulting in a profit of 22.49%. The stock was predicted to move long, with a price of $106....

PSXMay 14, 2025Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Directors  ~1 min.

Leading proxy advisory firm ISS has recommended that Phillips 66 shareholders vote for all four of Elliott Management's director nominees....

PSXApril 13, 2025Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66  ~2 min.

Phillips 66, one of the largest energy companies in the world, has been in the news lately due to an interesting turn of events....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target, Generating 13.93% Profit for QuantWave Users  ~1 min.

PHILLIPS 66 stock recently reached the forecast price target set by QuantWave, resulting in a profit of 13.93% for investors who followed the short signal....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target with 13.45% Profit  ~1 min.

On April 4, 2025, PHILLIPS 66 stock reached the price target as forecasted by QuantWave on January 7, 2025. The stock was predicted to move in a short direction when it was priced at 113....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Price Target Forecast on QuantWave with 14.98% Profit  ~1 min.

On January 14, 2025, QuantWave's forecast signal indicated a short position for PHILLIPS 66 stock when it was trading at 115.11 $....

PSXApril 4, 2025PHILLIPS 66 Hits Price Target Forecast on QuantWave with 19.34% Profit Margin  ~1 min.

QuantWave, the automated forecasting platform, recently achieved a significant milestone with its price target forecast for PHILLIPS 66 stock....

PSXApril 4, 2025PHILLIPS 66 Achieves Price Target Forecast with 21.66% Profit  ~1 min.

On March 10, 2025, QuantWave's forecast signal for PHILLIPS 66 indicated a short position with a stock price of 124.93 $. Fast forward to April 4, 2025, the target price of 97....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Price Target Forecast with 20.02% Profit - QuantWave Triumphs  ~2 min.

PHILLIPS 66, the energy company, recently saw its stock reach the forecasted price target set by QuantWave, resulting in a profitable outcome of 20.02%....

OKEJanuary 2, 2025ONEOK Inc. Strengthens Financial Position with Sale of Three Pipeline Systems  ~2 min.

ONEOK Inc., a leading natural gas pipeline company, has announced the successful sale of three pipeline systems to DT Midstream for a total of $1.2 billion....

PSXFebruary 13, 2025Elliott Sends Letter and Presentation to the Board of Phillips 66  ~1 min.

Elliott Management, a prominent investment firm, has sent a letter and a detailed presentation to the board of Phillips 66, demanding significant changes in the company's operations....

PSXFebruary 20, 2025Activist Elliott calls for a three-pronged approach to streamline Phillips 66  ~1 min.

Activist investor Elliott Management has recently announced its plans to streamline operations at Phillips 66, a leading energy manufacturing and logistics company....

PSXFebruary 24, 2025Phillips 66: Elliott Pushes for Streamlining as Insider Lowers Holding  ~1 min.

Phillips 66, the energy manufacturing and logistics company, has been making headlines recently....

PSXFebruary 22, 2025Phillips 66 to Streamline Operations as Activist Elliott Takes Action  ~2 min.

Activist investor Elliott Management has recently called for a three-pronged approach to streamline operations at Phillips 66, a leading energy manufacturing and logistics company....