Phillips 66 (PSX) Soars 3.0%: Is Further Upside Left in the Stock?

Phillips 66 (PSX) shares soared 3% in the last trading session to close at $159.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.5% gain over the past four weeks.The surge can be attributed to its fourth-quarter performance, during which the company's Midstream segment exhibited increased revenue compared to the corresponding period in the prior year. Additionally, the company achieved remarkable run-rate cost and sustaining ...