Phillips 66 (PSX) stock was in focus on Tuesday after Elliott Investment Management nominated seven directors to the refiner’s board. The activist investor’s nominees include John Pike, who is leading the campaign,

Elliott Investment Management nominated seven directors to Phillips 66's board, laying the groundwork to push for changes that include spinning off or selling its midstream business, two people familiar with the matter said.

Elliott Management has nominated seven directors to the Phillips 66 board, laying the groundwork to push for changes that include spinning off or selling its midstream business.