Phillips 66 (NYSE:PSX) Reaches New 1-Year High - Should You Buy?

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Phillips 66 (NYSE:PSX) recently hit a new 52-week high of $179.02, trading significantly above its moving averages, signaling strong momentum. Analysts have a “Moderate Buy” consensus, with a $162.33 price target, though individual ratings vary. The company beat EPS estimates and increased its quarterly dividend, but insiders have sold a considerable number of shares recently.

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