Shares of Phillips 66 (PSX) Sees Large Inflow of Net Money Flow

Phillips 66 (PSX) : On Friday, The money flowed into the Phillips 66 (PSX) stock with an uptick to downtick ratio was recorded at 1.68. Transactions worth $48.24 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $28.72 million. The total money flow into the stock was $19.52 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $18.02 million of block transactions on upticks. The total money flow in block trades was $18.02 million. In terms of price action, Phillips 66 (PSX) traded down $0.16 during the session at $78.29. Compared to the previous days closing, the stock was down only by -0.2%. For the week, the stock is -0.42%, over previous weeks closing.


The company Insiders own 0.05% of Phillips 66 shares according to the proxy statements. Institutional Investors own 70.19% of Phillips 66 shares.

In a related news, The Officer (Executive Vp And Gen Counsel), of Phillips 66, Johnson Paula Ann had unloaded 40,141 shares at $79.57 per share in a transaction on June 29, 2016. The total value of transaction was $3,194,019. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Phillips 66 (NYSE:PSX): The stock opened at $78.97 and touched an intraday high of $79.03 on Friday. During the day, the stock corrected to an intraday low of $78.48, however, the bulls stepped in and pushed the price higher to close in the green at $78.87 with a gain of 0.74% for the day. The total traded volume for the day was 1,561,062. The stock had closed at $78.29 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 0.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.32% in the last 1 week, and is up 0.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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