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

Phillips 66 (PSX) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $43.29 million worth of transactions were on upticks, whereas, the downticks accounted for $31.67 million worth of transactions. The net money flow was a positive $11.62 million and the uptick to downtick ratio was 1.37. The net money flow into the stock was $13.2 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $13.2 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Phillips 66 (PSX) was trading at $75.65, down $0.01 during day. The stock slid -0.01% over the previous days close. For the week, the stock recorded 1.07% over the previous weeks close.


Phillips 66 has dropped 10.96% during the last 3-month period . Year-to-Date the stock performance stands at -6.07%. Shares of Phillips 66 appreciated by 0.59% during the last five trading days but lost 4.76% on a 4-week basis. 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 (NYSE:PSX): On Mondays trading session , Opening price of the stock was $75.77 with an intraday high of $76.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $75. However, the stock managed to close at $75.65, a loss of 0.01% for the day. On the previous day, the stock had closed at $75.66. The total traded volume of the day was 2,418,444 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.