|January 2, 2013|
|18:31 EDT||COP, PSX||CA Atty General sues Phillips 66, ConocoPhillips over environmental violations|
California Attorney General Kamala D. Harris filed a civil lawsuit against Phillips 66 (PSX) and ConocoPhillips (COP) for allegedly violating state law by failing to properly inspect and maintain underground tanks used to store gasoline for retail sale at more than 560 gas stations in California.Reference Link
News For PSX;COP From The Last 14 Days
|November 23, 2015|
|10:00 EDT||PSX||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Aixtron (AIXG) downgraded to Neutral from Overweight at JPMorgan... Cavium (CAVM) downgraded on checks at JMP Securities... Chico's (CHS) downgraded to Underperform from Peer Perform at Wolfe Research... Chipotle (CMG) downgraded on new E coli infections at Sterne Agee CRT... Constant Contact (CTCT) downgraded to Sell from Hold at Stifel... Fairchild (FCS) downgraded to Neutral from Positive at Susquehanna... Haemonetics (HAE) downgraded to Underperform from Market Perform at Raymond James... Jumei (JMEI) downgraded to Underperform from Buy at CLSA... Phillips 66 (PSX) downgraded to Sell from Neutral at Goldman... Power Integrations (POWI) downgraded to Neutral from Buy at Sidoti... Tata Motors (TTM) downgraded to Sell from Neutral at Goldman... Textura (TXTR) downgraded to Neutral from Outperform at Credit Suisse... TriVascular (TRIV) downgraded to Neutral from Buy at BTIG... Viacom (VIAB) downgraded to Hold from Buy at Deutsche Bank.
|06:32 EDT||PSX||Phillips 66 downgraded to Sell from Neutral at Goldman|
Goldman analyst Neil Mehta downgraded Phillips 66 to Sell and lowered his price target to $85 from $92 on shares. Mehta said Phillips 66 has lower free cash flow generation than peers and its higher distillate product exposure makes the refining segment less advantaged. The analyst sees limited growth opportunities for new crude infrastructure in the midstream business and expects the chemicals business to decline in 2016 if Brent prices stat below its $50/bbl forecast.
|November 17, 2015|
|11:24 EDT||COP||Statoil to exit operations in Alaska|
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|10:08 EDT||PSX||FERC approves Berkshire to own up to 25% of Phillips 66|
The Federal Energy Regulatory Commission ordered that Berkshire Hathaway (BRK.A) was authorized to own as much as 25% of Phillips 66 (PSX), concluding that transactions that will increase its stake are "consistent with the public interest," according to an order posted to the regulator's website.
|November 16, 2015|
|07:36 EDT||PSX||Berkshire Hathaway discloses new AT&T stake in quarterly update|
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).