Phillips 66 (PSX) : During the past 4 weeks, traders have been relatively bearish on Phillips 66 (PSX), hence the stock is down -7.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.41% relative to the S&P 500. The stock has risen by 1.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.62% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.86% and the 50-Day Moving Average is 3.91%.
Phillips 66 (NYSE:PSX): The stock opened at $76.91 on Friday but the bulls could not build on the opening and the stock topped out at $76.91 for the day. The stock traded down to $75.50 during the day, due to lack of any buying support eventually closed down at $75.66 with a loss of -1.24% for the day. The stock had closed at $76.61 on the previous day. The total traded volume was 2,977,617 shares.
The company Insiders own 0.05% of Phillips 66 shares according to the proxy statements. Institutional Investors own 72.67% of Phillips 66 shares. During last six month period, the net percent change held by insiders has seen a change of -34.11%. In a related news, Johnson Paula Ann, Officer (Executive Vp And Gen Counsel) of Phillips 66, unloaded 40,141 shares at an average price of $79.57 on June 29, 2016. The total amount of the transaction was worth $3,194,019, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.