Locator: 46222PSX.
From Barron's, so you know it has to be good.
A little activism from Elliott Management nudged Phillips 66 stock to a record close, and if the firm gets its way, there may be more upside ahead.
But while Elliott criticized Phillips 66’s underperformance and missteps in a letter to the company’s board, it appeared to be supportive of plans laid out by Chief Executive Mark Lashier, which include selling some $3 billion of noncore assets and planning to return more capital to shareholders. Still, Elliott believes Phillips 66 could use more prodding and is seeking two seats on the board.
Elliott believes Phillips 66 shares could advance 75%.
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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
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