Previous Close | 41.93 |
Open | 41.93 |
Bid | 46.80 |
Ask | 49.00 |
Strike | 75.00 |
Expire Date | 2025-01-17 |
Day's Range | 41.93 - 41.93 |
Contract Range | N/A |
Volume | |
Open Interest | 43 |
Canada's main stock index opened higher on Wednesday, with technology and consumer discretionary stocks ...
(Bloomberg) -- Activist investor Elliott Investment Management LP has amassed a $1 billion stake in Phillips 66 and is pushing for two board seats to improve the performance of its refineries and boost its stock price.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterMusk’s Cybertruck Is Already a Production Nightmare for TeslaSaudi Arabia Offers Iran Investment to Limit Israel-Hamas WarHamas
(Reuters) -Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance. The activist investment firm, in a letter to the Houston energy company's board on Wednesday, said Phillips 66's stock, recently trading at about $118 per share, could hit $200 with improvements. It said management had laid out sensible performance targets but could use help achieving its full potential.