Phillips 66 $PSX Earnings Strength From Refining and Petrochemicals

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  • #10778
    ThePitBoss
    Participant

    [article]97[/article]

    #10780
    Helmholtz Watson
    Participant

    Solid returns with all those products – poor guys diversify and get the Dakota Access Pipeline drama. Worth the 25% pay to play $PSX?

    #12450
    ThePitBoss
    Participant

    $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.

    #12536
    ThePitBoss
    Participant

    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.

    #27060
    ThePitBoss
    Participant

    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.

    #27200
    TradersCom
    Keymaster

    Phillips 66 $PSX 70.56, +2.52, +3.7% reclaiming its 50-day moving average (70.43).

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