Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.
Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes and the sale of the company's midstream business.
Elliott: Phillips 66’s midstream unit could command premium valuation over $40B
Phillips 66’s (PSX) midstream unit could command premium valuation over $40BMaximize Your Portfolio with Data Driven
Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business
Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.
Phillips 66 Shares Rise Premarket on Report of Push From Elliott
Phillips 66 shares, which closed Monday at $123.71, were recently up 6.6% at $131.89 in premarket trading. Elliott plans to seek a number of changes to simplify Phillips 66, most notably pushing the company to sell or spin off its big midstream business,
Elliott says Phillips 66 should sell, spinoff Midstream unit, interest in CPChem
EST Elliott says Phillips 66 (PSX) should sell, spinoff Midstream unit, interest in CPChemMaximize Your Portfolio with Data Driven
Western Midstream: Scoop Up This Ultra-High-Yielding Deal Now
Western Midstream is a couple of months away from likely upping its already huge quarterly distribution per unit. See why I'm ...
Midstream Transportation Agreements for Carbon Capture
Participants in the midstream stage of US carbon capture projects take carbon from an upstream emission source to a ...
Stratos Wealth Partners LTD. Grows Stake in Antero Midstream Co. (NYSE:AM)
Stratos Wealth Partners LTD. raised its stake in shares of Antero Midstream Co. (NYSE:AM – Free Report) by 100.7% during the fourth quarter, HoldingsChannel reports. The firm owned 29,359 shares of ...
Antero Midstream Corporation: Capital Returns Are Decent, But That's About It
Shares of Antero Midstream Corporation (AM) are up 34% in the past 12 months, but high-interest expenses and stagnant ...
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a ...
Dividend-rich natural gas midstream companies seeing strong growth
Scotiabank analyst Robert Hope detailed strong growth for domestic natural gas and natural gas liquids infrastructure stocks.
Hess Midstream prices upsized secondary offering at $39.45 per share
Hess Midstream (NYSE:HESM) upsized and priced an underwritten public offering of 11M shares by an affiliate of Global Infrastructure Partners, a part of BlackRock, at a public offering price of $39.45 ...