Phillips 66 (PSX) Surges 3.2%: Is This an Indication of Further Gains?

Phillips 66 (PSX) shares ended the last trading session 3.2% higher at $178.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.8% gain over the past four weeks.Phillips 66’s shares rallied in the last trading session, likely supported by investor optimism around its strong shareholder-return strategy and improving operational performance. The company has returned $46 billion to shareholders since 2012 and is tar ...