PSX News and Press, Phillips 66 From 01/10/24

2024-01-10 18:28:24 ET Summary Phillips 66 is given a Hold rating, which is more cautious than the bullish consensus. Double-digit top and bottom line declines in Q3, as we await Q4 results in a few weeks. The share price is at a double-digit premium vs. the long-term moving a...

2024-01-10 18:02:46 ET Summary Elliott Investment Management sent a letter to the board of PSX to spur additional cost savings to be more in line with peers Valero and Marathon. The current initiatives will close the gap while also driving meaningful share appreciation. The discre...

2024-01-10 13:00:00 ET Summary We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by...

2024-01-10 10:11:00 ET Summary We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by...

2024-01-09 11:20:00 ET Summary Office REITs are facing challenges as the hybrid work model becomes more popular, leading to downsizing and increased vacancies. Major companies like Charles Schwab, Johnson & Johnson, Dropbox, and Microsoft have already downsized their office sp...

2024-01-08 13:09:41 ET Summary I cover all of my sales for the year and the reasoning behind each, as well as the purchases. I review the portfolio's goals, guidelines, and a brief history of the portfolio. Income exceeded my goals with an increase of 11.1% on the year, while ...

2024-01-05 05:13:29 ET Summary The iShares US Energy ETF underperformed the S&P 500 in 2023, while technology stocks led the market. Fund outflows, higher expense ratios, and lower dividend yield lead to muted risk/reward prospects for IYE. In my view, IYE is not the best ...

2024-01-04 19:08:15 ET More on Phillips 66 Phillips 66 Goldman Sachs Energy, CleanTech & Utilities Conference (Transcript) Phillips 66's Portfolio Strength Will Continue 60% Gains Plus Dividends With Phillips 66 If Elliott Is Right For further details see...

2024-01-04 14:59:01 ET Phillips 66 (PSX) Goldman Sachs Energy, CleanTech & Utilities Conference January 04, 2024 10:20 AM ET Company Participants Mark Lashier - President and Chief Executive Officer Jeff Dietert - Vice President of Investor Relations Kevin Mi...

2024-01-02 10:30:25 ET Summary Marathon Petroleum Corporation owns significant US oil refining capacity and benefits from high barriers to entry in the industry. The company has a generous stock buyback program, healthy earnings from midstream operations, and exposure to lower-cos...