Long PSX at $61.16. I held this one as part of the COP spinoff last year, and sold both in November. IMHO, PSX will eventually see a dividend yield about 4% (at the COP level). PSX yield is 2% now. Good short article link below. http://seekingalpha.com/article/1419821-the-conoco-phillips-spin-off-of-phillips-66-1-year-later?source=cnbc