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PSX News and Press, Phillips 66 From 08/14/23

Stock Information

Company Name: Phillips 66
Stock Symbol: PSX
Market: NYSE
Website: phillips66.com

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PSX - Elliott Management opens new stakes in Seadrill, exits PayPal, Clarivate

2023-08-14 17:53:02 ET During the second quarter, Elliott Management took new positions in Seadrill ( NYSE: SDRL ) with ~7.06M shares, Constellation Brands ( NYSE: STZ ) with 441K shares, NuStar Energy ( NYSE: NS ) with 28.4K shares, and Phillips 66 ( NYSE: PSX...

PSX - Why Enbridge Is Overrated

2023-08-14 16:34:29 ET Summary Retirees are often convinced to prioritize dividend income investing (even though they don't have to), causing them to lag the total returns of the broad market averages. Enbridge's 10-year total returns have been relatively abysmal compared to not o...

PSX - Energy In, Tech Out

2023-08-14 11:54:22 ET Summary The tech sector has driven the market higher this year due to strong year-over-year financial performance and the emergence of AI as a primary growth catalyst moving forward. However, over the past month, the price of oil has risen and there has been...

PSX - Dividend Champion, Contender, And Challenger Highlights: Week Of August 13

2023-08-13 09:23:22 ET Summary A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. Introduction The D...

PSX - FENY: Fidelity's Energy ETF Is Good For A Trade

2023-08-11 13:14:16 ET Summary The Fidelity MSCI Energy ETF (FENY) provides cost-efficient exposure to major oil, gas, and refining companies. The global macro-economic environment is uncertain, posing demand risks, but supply-side factors such as Saudi Arabia's production cuts su...

PSX - Phillips 66 (NYSE: PSX) Records 52-Week High Wednesday Morning

Shares of Phillips 66 (NYSE: PSX) traded at a new 52-week high today and are currently trading at $114.72. So far today, approximately 519.06k shares have been exchanged, as compared to an average 30-day volume of 3.2M shares. Phillips 66 operates as an energy manufacturing and logistics comp...

PSX - Phillips 66, ADM in talks on biofuels joint venture - Reuters

2023-08-08 09:41:35 ET Phillips 66 ( NYSE: PSX ) and Archer Daniels Midland ( NYSE: ADM ) are discussing a biofuels joint venture with an aim toward producing lower-carbon jet fuel, Reuters reported Tuesday. The companies are discussing putting ADM's ( ADM ) dry corn...

PSX - Phillips 66: Maintain Buy Recommendation Following Solid Q2 Results

2023-08-08 01:36:45 ET Summary Phillips 66 released solid Q2 results, beating market estimates in EPS, Revenues, and Net Income. The company increased their diversified mix of earnings across product segments, reducing reliance on volatile refining margins. PSX continues to of...

PSX - Phillips 66 (PSX) Q2 2023 Earnings Call Transcript

2023-08-02 15:57:02 ET Phillips 66 (PSX) Q2 2023 Earnings Call Transcript August 02, 2023 12:00 PM ET Company Participants Jeff Dietert - Vice President-Investor Relations Mark Lashier - President & Chief Executive Officer Kevin Mitchell - Chief Financial Off...

PSX - Phillips 66 sees refineries running at mid-90% of combined capacity in Q3

2023-08-02 14:52:32 ET Phillips 66 ( NYSE: PSX ) -2.4% in Wednesday's trading after reporting Q2 earnings that fell sharply but topped analyst estimates, the latest U.S. refiner to suffer from comparisons to last year when results were sparked by a supply crunch caused ...

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