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A Look At Phillips 66 (PSX) Valuation After New Board Appointments
Phillips 66 (PSX) has appointed two new board members, Howard Ungerleider and Kevin Meyers, bringing additional energy and chemical expertise. The stock has seen strong performance, with a 44.96% return over the last year. Despite this, a common valuation narrative suggests PSX is undervalued by 34.7%, with a fair value of $268.71 compared to its current price of $175.47, though its P/E ratio is slightly above the industry average.