Elliott Investment, a key shareholder in Phillips 66 (PSX, Financial), has introduced the fourth episode of its ongoing podcast series, Streamline 66. This series is dedicated to highlighting discussions with Elliott's director nominees and industry experts.
The latest episode features Sigmund Cornelius, a nominee and former Chief Financial Officer at ConocoPhillips, the company from which Phillips 66 emerged. The podcast series aims to provide insights into Elliott's perspectives and strategic recommendations for Phillips 66.
The episodes are accessible through the Streamline 66 website, and listeners can also find them on popular platforms such as Apple, Spotify, and YouTube.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Phillips 66 (PSX, Financial) is $132.34 with a high estimate of $162.00 and a low estimate of $106.00. The average target implies an upside of 36.42% from the current price of $97.01. More detailed estimate data can be found on the Phillips 66 (PSX) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Phillips 66's (PSX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Phillips 66 (PSX, Financial) in one year is $108.08, suggesting a upside of 11.41% from the current price of $97.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Phillips 66 (PSX) Summary page.
