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Where Independent Traders, Investors, and Dribblers Thrive
[article]97[/article]
Solid returns with all those products – poor guys diversify and get the Dakota Access Pipeline drama. Worth the 25% pay to play $PSX?
$PSX’s BoD approved a new $3Bil share repurchase program, increasing the total to $12Bil since 3Q12.
The BoD also declared a quarterly dividend of $0.70 per share, payable on Dec. 1, 2017 to shareholders of record on Nov. 17. 2017.
Phillips 66 $PSX reiterated as Buy at Argus
Raised its target price to $108 from $96 yesterday $93.68 close on the back of its newly announced $3 billion buyback program.
Phillips 66 (PSX 65.96, +0.72, +1.1%) up but the weakest performer in the sector, trading in the lower half of yesterday’s range.
Phillips 66 $PSX 70.56, +2.52, +3.7% reclaiming its 50-day moving average (70.43).
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