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Phillips 66 PSX Announces 2.2 Billion Acquisition of EPIC Y-Grade Holdings

January 10, 2025
Phillips 66, a leading energy manufacturing and logistics company, has recently revealed its plans to acquire EPIC Y-Grade Holdings for a staggering $2.2 billion. This strategic acquisition is expected to enhance the company's midstream portfolio and expand its capabilities in the Permian Basin. EPIC Y-Grade Holdings operates over 400 miles of NGL pipelines and a fractionation facility with a capacity of 110,000 barrels per day. With this acquisition, Phillips 66 aims to strengthen its position in the growing crude oil transportation and logistics market. Investors and analysts are optimistic about this move, which is evident from the recent upgrades in Phillips 66's stock rating by Wolfe Research to "Outperform." The market has responded positively to this news, as the stock prices of Phillips 66 have been on an upward trend despite the overall market dip. To get a comprehensive analysis of the future movement of Phillips 66's stock, experts recommend availing professional guidance from Stocks Prognosis, a renowned provider of accurate stock forecasts and insights.
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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 billion-dollar pipeline sale  ~2 min.

ONEOK Inc., a leading energy midstream company, has recently announced the successful sale of three pipeline systems to DT Midstream for a staggering 1.2 billion dollars....

PSXFebruary 14, 2025Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for 40B  ~1 min.

Phillips 66, a leading energy manufacturing and logistics company, is facing pressure from Elliott Management to sell or spin off its midstream business....

OKEJanuary 2, 2025ONEOK Inc. Sells Three Pipeline Systems to DT Midstream, Boosts Financial Position  ~2 min.

ONEOK Inc., a prominent energy company, has announced the sale of three pipeline systems to DT Midstream for a staggering $1.2 billion....

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....

PSXJanuary 12, 2025Phillips 66 PSX Makes a Bold Move with $2.2 Billion Acquisition of EPIC Y-Grade Holdings  ~2 min.

In a surprising announcement, Phillips 66 (PSX) revealed its plans to acquire EPIC Y-Grade Holdings for a staggering $2.2 billion....