Activist investor says it has raised its stake in Phillips 66 to $2.5 billion, according to reports
Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, according to reports published Tuesday. Elliott has said it hopes to push Phillips 66 to focus more on its core refining business,
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Phillips 66 stock is climbing. An activist investor wants a change.
Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.
BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.
Elliott’s Activism Success Gives Hope for BP’s Depressed Shares
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.
BP shares climb on prospect Elliott stake will drive change
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns.
Activist Elliott Ups Stake in Phillips 66 with Over $2.5B Investment
Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion in fresh
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Activist Elliott's recent holdings and campaigns
Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 , a person familiar with the matter said on Monday, days after the activist investor took a stake in ...
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake ...
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