BofA Securities resumed coverage on Phillips 66 with a new price target
$PSX
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 |
DEFA14A - Phillips 66 (0001534701) (Filer)
8-K - Phillips 66 (0001534701) (Filer)
8-K - Phillips 66 (0001534701) (Filer)
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
4 - Phillips 66 (0001534701) (Issuer)
4 - Phillips 66 (0001534701) (Issuer)
4 - Phillips 66 (0001534701) (Issuer)
SC 13G/A - Phillips 66 (0001534701) (Subject)
SC 13G/A - Phillips 66 (0001534701) (Subject)
SC 13G/A - Phillips 66 (0001534701) (Subject)
The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on March 5, 2025, to shareholders of record as of the close of business on Feb. 24, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while
BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX). Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic
Fourth Quarter Reported fourth-quarter earnings of $8 million or $0.01 per share; adjusted loss of $61 million or $0.15 per share Earnings impacted by $230 million pre-tax of accelerated depreciation related to Los Angeles Refinery Returned $1.1 billion to shareholders through dividends and share repurchases Record NGL fractionation and LPG export volumes in Midstream Record clean product yield in Refining Surpassed targeted $3 billion in announced asset dispositions Full-Year 2024 Earnings of $2.1 billion or $4.99 per share and adjusted earnings of $2.6 billion or $6.15 per share $4.2 billion of operating cash flow, $4.8 billion excluding working capital $5.3
The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on March 5, 2025, to shareholders of record as of the close of business on Feb. 24, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while
Highlights Need to Streamline Portfolio, Improve Operating Performance and Enhance Oversight Discloses a More Than $2.5 Billion Position Full Letter and Presentation Available at Streamline66.com WEST PALM BEACH, Fla., Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE:PSX) (the "Company" or "Phillips"), today sent a letter to the Board of Directors of Phillips 66. In its letter, Elliott noted that when it first publicly shared its views on the oppor
BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX). Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic
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
4 - Phillips 66 (0001534701) (Issuer)