Phillips 66 ($PSX) Stock Forecast: Down 6.4% Today

What is Phillips 66?

Phillips 66 (NYSE: PSX) is a multinational energy company with operations in refining, marketing, and chemicals. The company is known for its focus on value creation and strategic portfolio management.

Why is Phillips 66 going down?

PSX stock is down 6.4% on May 21, 2025 13:37

• The bearish movement in PSX stock today could be attributed to external factors prompting for change within the company, potentially causing uncertainty among investors.
• The announcement of the divestment of a majority stake in its European fuel retail unit could have also contributed to the negative sentiment, as it indicates a shift in the company's strategic focus.
• The increased stake of a particular entity in Phillips 66, as well as their efforts to drive positive change through new director nominees, might have created some short-term volatility in the stock as investors assess the potential impact of these developments.
• Overall, the market reaction to recent events suggests that investors are closely monitoring the company's strategic decisions and potential changes in leadership, leading to the bearish movement in the stock today.

PSX Price Chart

PSX Technical Analysis

PSX News

Elliott Announces Shareholders Vote for Change at Phillips 66 - Phillips 66 ( NYSE:PSX )

Vote Outcome Represents Clear Mandate from Shareholders Newly Elected Directors Sigmund Cornelius and Michael Heim Will Work Constructively with Their Fellow Directors to Help Unlock the Company's Full Value-Creation Potential

https://www.benzinga.com/pressreleases/25/05/n45542016/elliott-announces-shareholders-vote-for-change-at-phillips-66

Elliott Director Nominees Send Letter to Phillips 66 Shareholders - Phillips 66 ( NYSE:PSX )

Independent Director Nominees Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt Outline How Their Skills and Experiences Will Drive Positive Change at the Company Intend to Work Constructively with Incumbent Directors to Create Value for All Shareholders

https://www.benzinga.com/pressreleases/25/05/n45515299/elliott-director-nominees-send-letter-to-phillips-66-shareholders

Paul Singer Energy Power Play: Phillips 66, Suncor Top Holdings - Suncor Energy ( NYSE:SU ) , Phillips 66 ( NYSE:PSX )

Elliott's energy allocation jumped to 38% as Singer bet big on Phillips 66 and Suncor in the first quarter. Phillips 66 stake surges nearly 2000%, becoming Elliott's No. 3 holding at $1.94 billion. Don't miss this list of 3 high-yield stocks-including one delivering over 10%-built for income in ...

https://www.benzinga.com/trading-ideas/long-ideas/25/05/45474517/paul-singers-2-billion-energy-power-play-phillips-66-suncor-among-elliotts-top-holdings

Phillips 66 to Divest Majority Stake in European Fuel Retail Unit

PSX is divesting a 65% stake in its Germany and Austria retail business, valued at $2.8 billion, as part of its strategy to streamline the portfolio and focus on core refining and midstream assets.

https://www.zacks.com/stock/news/2472782/phillips-66-to-divest-majority-stake-in-european-fuel-retail-unit

Phillips 66 Partially Exits European Retail Market With $2.8 Billion Deal: - Phillips 66 ( NYSE:PSX )

Phillips 66 will sell a 65% stake in its Germany/Austria retail business for ~$2.8 billion. The company expects ~$1.6 billion in proceeds and will retain a 35% non-operating stake. Don't miss this list of 3 high-yield stocks-including one delivering over 10%-built for income in today's chaotic ...

https://www.benzinga.com/news/asset-sales/25/05/45444474/phillips-66-partially-exits-european-retail-market-with-2-8-billion-deal

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Phillips 66 Price History

13.04.2025 - PSX Stock was up 5.2%

• Phillips 66 experienced a strong bullish movement today.
• The bullish movement could be attributed to recent developments regarding an activist investor's win in a proxy fight, with a recommendation for changes in the board composition.
• The validation of the case for change and criticism of operating performance and disclosure practices likely boosted investor confidence in potential strategic improvements.
• This development suggests that investors are optimistic about the prospect of strategic changes at Phillips 66, contributing to the bullish market movement.

04.01.2025 - PSX Stock was up 5.3%

• Despite reporting a Q4 loss in the refining segment due to lower margins and higher depreciation, Phillips 66 managed to beat earnings estimates, which likely boosted investor confidence.
• The company's strong cash flow excluding working capital impacts of $901 million also contributed to the bullish movement, indicating resilience in other business segments.
• The positive surprises in earnings and revenue for the quarter ended December 2024 may have reassured investors about Phillips 66's ability to navigate challenges in the energy market, leading to the bullish momentum in the stock.

09.03.2025 - PSX Stock was down 5.1%

• The bearish movement in PSX today can be attributed to the following factors:
• Energy industry veteran Gregory J. Goff's letter highlighting a breakdown in board governance and lackluster shareholder value delivery may have eroded investor confidence.
• Elliott's engagement and launch of the "Streamline 66" podcast featuring refining discussions with director nominees could have stirred uncertainty and potential restructuring concerns among investors.
• Despite recent bullish bets by financial giants on PSX options, the overall sentiment may have been swayed by Elliott's campaign for board change to improve performance and increase shareholder value.
• The emphasis on a retain strategy for PSX, focusing on stable businesses like midstream and renewables, might not have been sufficient to offset concerns raised by Elliott's push for board changes and strategic realignment.

08.03.2025 - PSX Stock was down 5.1%

• The bearish movement in PSX today could be attributed to the overall market gains, which led to a slight decline in the stock price.
• The launch of the "Streamline 66" podcast by Elliott featuring industry experts like Brian Coffman may have generated some positive buzz, but it seems that investors were more influenced by the market trends.
• Despite Elliott's campaign for board changes at Phillips 66 to improve performance and increase shareholder value, the stock experienced a slight dip, possibly due to profit-taking by some investors.
• The bullish bets on PSX options by financial giants might have initially sparked optimism, but the overall market sentiment and trading dynamics ultimately led to the stock sinking slightly.

22.03.2025 - PSX Stock was up 5.0%

• The positive movement in PSX stock might be linked to options traders demonstrating confidence in the company's future, as seen in the options market activities.
• While surveys indicated concerns about operations, CEO effectiveness, and value creation, investors seem to be looking ahead to potential turnaround strategies or upcoming positive developments within the company.
• The discrepancy between the survey findings and the market performance suggests that investors may be focusing on future improvements or strategic changes in Phillips 66's business operations.
• This discrepancy in sentiment underscores the intricate nature of investor decision-making and underlines the significance of considering various factors beyond survey results when assessing a stock's performance.

03.03.2025 - PSX Stock was down 10.4%

• PSX stock experienced a bearish movement, closing at $124.06 with a -0.23% change from the previous close.
• The acquisition news of Excelerate Energy expanding its LNG infrastructure portfolio could have potentially impacted PSX negatively as it signals increased competition or shifts in the energy market dynamics.
• Investors might be concerned about the implications of this acquisition on PSX's market position and future growth prospects, leading to the bearish movement in the stock price.
• The broader market sentiment towards energy stocks could also have played a role in the downward trend of PSX, as investors may be reacting to overall industry challenges or macroeconomic factors affecting the sector.

21.04.2025 - PSX Stock was down 6.4%

• The bearish movement in PSX stock today could be attributed to external factors prompting for change within the company, potentially causing uncertainty among investors.
• The announcement of the divestment of a majority stake in its European fuel retail unit could have also contributed to the negative sentiment, as it indicates a shift in the company's strategic focus.
• The increased stake of a particular entity in Phillips 66, as well as their efforts to drive positive change through new director nominees, might have created some short-term volatility in the stock as investors assess the potential impact of these developments.
• Overall, the market reaction to recent events suggests that investors are closely monitoring the company's strategic decisions and potential changes in leadership, leading to the bearish movement in the stock today.

10.03.2025 - PSX Stock was down 5.0%

• PSX recently saw an 11.1% surge, but this growth may not have been supported by positive earnings estimate revisions, resulting in profit-taking and a bearish trend.
• Gregory J. Goff, a prominent figure in the energy industry, expressed concerns about governance issues and the lack of desired outcomes from the current strategy in a letter to shareholders, potentially impacting investor confidence and fueling the bearish movement.
• The engagement of Elliott Management with Phillips 66 has raised uncertainty and investor concerns, possibly contributing to the current bearish market sentiment.
• While some financial institutions took bullish positions in PSX options, overall trading sentiment was mixed, with 66% of traders being bullish and 33% leaning bearish, adding to the stock's volatility and downward pressure.

04.03.2025 - PSX Stock was down 8.2%

• There is a positive outlook for PSX indicated by significant bullish positions taken by financial giants in the options market, amid the bearish market trend.
• The company's emphasis on stable segments such as midstream and renewables could serve as a long-term advantage, despite short-term market variations.
• Recent shareholder activism calling for changes in PSX's board composition might have introduced uncertainty and contributed to the stock's downturn.
• The acquisition of New Fortress Energy's Jamaica assets by Excelerate Energy may have indirectly influenced market sentiment towards PSX, leading to the observed bearish movement.

04.03.2025 - PSX Stock was down 9.8%

• The bearish movement in PSX could be attributed to a letter sent by Elliott to shareholders, advocating for a board change to enhance performance and increase shareholder value. This uncertainty might have led to a sell-off by investors.
• Despite PSX's stable business model focusing on midstream, renewables, and chemicals, the market sentiment seems to have been impacted by potential upcoming board changes.
• The news of Excelerate Energy acquiring and expanding its LNG infrastructure portfolio may have shifted investor attention away from PSX, contributing to the stock's decline.
• Overall, the combination of internal board restructuring discussions and external industry developments could have influenced the bearish movement in PSX today.

11.01.2025 - PSX Stock was up 6.4%

• An acquisition of a $2.5 billion stake in Phillips 66 by activist investor Elliott Investment Management has sparked optimism among investors, leading to a surge in the stock price.
• The pressure for operational restructuring, especially in the midstream business, indicates potential strategic changes that could unlock shareholder value, further boosting investor confidence.
• This bullish momentum reflects market expectations of positive changes and increased efficiency within Phillips 66, driven by the influence of activist investors like Elliott.

11.01.2025 - PSX Stock was up 5.8%

• Despite lower refining margins, Phillips 66's Q4 earnings exceeded expectations, showcasing strong financial performance.
• The news of activist investor Elliott Investment Management acquiring a significant stake in PSX and pushing for operational changes, particularly in the midstream segment, has likely fueled investor optimism and contributed to the bullish movement.
• The strategic efficiency improvements and potential restructuring in the midstream business following Elliott's involvement could be seen as positive catalysts for the stock, driving investor confidence in the company's future prospects.