-- (Updates with the latest stock move in the headline and in the first paragraph.)
Phillips 66 (PSX) shares were up 4.6% in Wednesday trading after the company posted Q1 earnings compared with a loss last year and raised its annualized quarterly dividend.
The company reported quarterly adjusted earnings of $0.49 per diluted share, swinging from an adjusted loss of $0.90 a share a year earlier.
Analysts polled by FactSet expected a non-GAAP loss of $0.54 a share.
The company raised its annualized quarterly dividend by 7%, according to the statement.
Price: $173.00, Change: $+7.87, Percent Change: +4.77%