BofA Securities resumed coverage on Phillips 66 with a new price target
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Integrated oil Companies
Energy
BofA Securities resumed coverage of Phillips 66 with a rating of Buy and set a new price target of $156.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2025 | $143.00 | Peer Perform → Outperform | Wolfe Research |
| 10/17/2024 | $156.00 | Buy | BofA Securities |
| 9/11/2024 | $162.00 → $150.00 | Buy | TD Cowen |
| 7/31/2024 | $155.00 → $162.00 | Buy | TD Cowen |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 6/21/2024 | $164.00 → $155.00 | Buy | TD Cowen |
| 1/24/2024 | Buy | Citigroup | |
| 12/4/2023 | $134.00 → $150.00 | Outperform | TD Cowen |
4 - Phillips 66 (0001534701) (Issuer)
4 - Phillips 66 (0001534701) (Issuer)
4 - Phillips 66 (0001534701) (Issuer)
Wolfe Research upgraded Phillips 66 from Peer Perform to Outperform and set a new price target of $143.00
BofA Securities resumed coverage of Phillips 66 with a rating of Buy and set a new price target of $156.00
TD Cowen reiterated coverage of Phillips 66 with a rating of Buy and set a new price target of $150.00 from $162.00 previously
8-K - Phillips 66 (0001534701) (Filer)
10-Q - Phillips 66 (0001534701) (Filer)
8-K - Phillips 66 (0001534701) (Filer)
Cyclum NextGen Travel Centers, an innovator in zero carbon fuels and the next generation in travel centers, is proud to announce a branding agreement with Phillips 66 and its iconic 76® brand. "This agreement strengthens our mission to lead in renewable fuel innovation," said Brian Profitt, CEO of Cyclum. "By combining Phillips 66's fuel expertise with Cyclum's vision and plan for zero carbon energy, we're building a foundation to meet the growing demand for multiple fuel solutions." "We are excited to team with Cyclum to bring our brand and their travel centers to consumers," said Rod Palmer, vice president of U.S. and U.K. marketing at Phillips 66. "We are focused on providing an elev
Phillips 66 and retailer Mach 1 are transforming the checkout experience at fuel and convenience stores with the launch of an automated, AI-powered bulk scanning self-checkout solution. NCR Voyix Corporation (NYSE:VYX), a leading global provider of digital commerce solutions for the retail and restaurant industries, announced that the best-in-class computer vision solution, NCR Voyix Halo Checkout, has been live at a select Phillips 66® branded Mach 1 station since November 2024. The solution is available now for pre-order across the US, Canada, UK and EU. This advanced checkout solution's artificial intelligence accurately identifies products, ensuring the customer checkout experience is
EPIC Y-Grade, LP ("EPIC Y-Grade" or "the Company") announced that it has entered into definitive agreements with Phillips 66 (NYSE:PSX) to sell its natural gas liquids ("NGL") business for total cash consideration of $2.20 billion, subject to customary purchase price adjustments. EPIC Y-Grade owns long haul natural gas liquids pipelines and fractionation facilities that serve both the Permian and Eagle Ford basins. "EPIC has transformed its NGL business over the past few years and this transaction affirms our team, our strategy, and our execution," said Brian Freed, Chief Executive Officer of EPIC. "We have developed natural gas liquids assets in Corpus Christi and Sweeny with downstream
4 - Phillips 66 (0001534701) (Issuer)
The board of directors of Phillips 66 (NYSE:PSX) has appointed Grace Puma Whiteford to serve on the company's board, effective Oct. 10. She will serve on the Human Resources and Compensation Committee and the Public Policy and Sustainability Committee of the board. "Phillips 66 is pleased to welcome Grace to the board of directors as a highly qualified independent director. We will benefit from her broad experience in operations, procurement, and safety as well as her leadership and perspectives," said Mark Lashier, chairman and CEO. Puma Whiteford currently serves on the boards of Target Corporation and Organon & Co. and previously served on the board of Williams-Sonoma, Inc. Puma Whitef
Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports Access KANSAS CITY, Mo., April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contributing $100,000 towards revamping the basketball courts in the Parade Park community in Kansas City, Mo. This year's Big 12 Basketball Tournament marked the 36th consecutive year Phillips 66® has served as a tournament partner and the 15th consecutive year the tournament has been held in Kansas City, with the Big 12 recently announcing the tournament will be held in Kansas City through 2031. The Parade Park project marks an elevated brand commitment to the local community and to accessibility to
Appointment Follows Constructive Dialogue with Elliott; Commitment to Add a Second Director The Board of Directors of Phillips 66 (NYSE:PSX) has appointed Robert W. Pease to serve on the board, effective immediately. Following the appointment, the board consists of 14 directors, 12 of whom are independent. In addition, Phillips 66 and Elliott Investment Management L.P. (together with its affiliates, "Elliott") have agreed to work together to identify a second mutually agreed director to be named over the coming months. "Phillips 66 is pleased to welcome Bob to the board. His demonstrated refining experience, leadership and energy expertise will add to the board's oversight of the compan
SC 13G/A - Phillips 66 (0001534701) (Subject)
SC 13G/A - Phillips 66 (0001534701) (Subject)
SC 13G/A - Phillips 66 (0001534701) (Subject)
Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems ("EPIC NGL") for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon closing, this transaction is expected to be immediately accretive to earnings per share. "This transaction bolsters Phillips 66's position as a leading integrated downstream energy provider," said Mark Lashier, chairman and CEO of Phillips 66. "This transaction optimizes our Permian NGL value chain, allows Phillips 66 t
Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. "With this transaction, we have exceeded our $3 billion asset divestiture target established in our strategic priorities. We intend to continue to optimize the portfolio and rationalize non-core assets going forward," said Mark Lashier, chairman and CEO of Phillips 66. "The evolution of our portfolio underscores our position as a leading integrated downstrea
Phillips 66 (NYSE:PSX) today announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital. "We continue to demonstrate capital discipline, aligning our investments with our strategic priorities," said Mark Lashier, chairman and CEO of Phillips 66. "The budget underscores our dedication to delivering value to shareholders by funding growth in the NGL wellhead-to-market value chain and further enhancing refining competitiveness." In Midstream, the capital budget of $975 million comprises $429 million for sustaining projects and $546 million for growth projects. The budget advances the integrated NGL wellhead-to-market v