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Story summary
- TD Cowen analyst Jason Gabelman raised Phillips 66 price target to $255 and kept a buy.
- Crescent Energy announced a $0.12 quarterly dividend payable August 31, yielding 4%.
- Viper Energy lifted its dividend 32% to a 4.5% yield, prompting analyst Aaron Bilkoski to raise the price target to $59.
- Crescent Energy raised oil production guidance after the Vital Energy acquisition, tripling expected synergies to $300 million.
