PSX - Shares of Phillips 66 (PSX) Rise Above Previous 52-Week High

Phillips 66 (NYSE:PSX) traded today at a new 52-week high of $103.67. This new high was reached on below average trading volume as 1.6 million shares traded hands, while the average 30-day volume is approximately 4.2 million shares.

Phillips 66 (NYSE:PSX) is currently priced 48.5% above its average consensus analyst price target of $52.57.

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, after converting its 255 mb/d Alliance refinery to a terminal. The midstream segment comprises extensive transportation and NGL processing assets. It also includes its DCP Midstream joint venture, which holds 45 natural gas processing facilities, 11 NGL fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

In the past 52 weeks, shares of Phillips 66 have traded between a low of $63.19 and a high of $103.67 and is now at $102.03, which is 61% above that low price.

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