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Phillips 66 (PSX)
After hours:
| Previous close | 118.00 |
| Open | 123.00 |
| Bid | 122.03 x 1300 |
| Ask | 123.95 x 900 |
| Day's range | 121.30 - 123.87 |
| 52-week range | 89.74 - 125.19 |
| Volume | |
| Avg. volume | 2,878,680 |
| Market cap | 53.771B |
| Beta (5Y monthly) | 1.34 |
| PE ratio (TTM) | 7.38 |
| EPS (TTM) | 16.56 |
| Earnings date | 29 Jan 2024 - 02 Feb 2024 |
| Forward dividend & yield | 4.20 (3.56%) |
| Ex-dividend date | 16 Nov 2023 |
| 1y target est | 131.57 |
- Yahoo Finance Video
Phillips 66 stock rises on $1B Elliott Management stake
Shares of Phillips 66 (PSX) climbed Wednesday afternoon after activist investment firm Elliott Investment Management announced a $1 billion stake in the energy company. Along with the major equity investment, Elliott is seeking two board seats in a bid to help drive improved execution and performance at Phillips 66. Yahoo Finance's Josh Lipton and Julie Hyman break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
ReutersPhillips 66 to continue 'constructive dialogue' with Elliott Investment
The activist investment firm has taken a $1 billion stake in Phillips 66, flagging that the company's stock, recently trading at about $118 per share, could hit $200 with improvements. It said management had laid out sensible performance targets but could use help achieving its full potential. "We agree with Elliott that successful execution of our strategic priorities will drive substantial stock price performance and believe that we have the right management team and Board in place to deliver long-term, sustainable value," the refiner said in a statement after the markets closed.
- Reuters
UPDATE 1-Phillips 66 to continue 'constructive dialogue' with Elliott Investment
Phillips 66 said on Wednesday it "plans to continue a constructive dialogue" with Elliott Investment Management after the company asked the U.S. refiner to revamp its board to boost lagging performance. The activist investment firm has taken a $1 billion stake in Phillips 66, flagging that the company's stock, recently trading at about $118 per share, could hit $200 with improvements. "We agree with Elliott that successful execution of our strategic priorities will drive substantial stock price performance and believe that we have the right management team and Board in place to deliver long-term, sustainable value," the refiner said in a statement after the markets closed.
