Phillips 66’s recent filing unveils that its Vice President and Controller Pruitt Joseph Scott unloaded Company’s shares for reported $1.13 million on Mar 20 ’24. In the deal valued at $157.26 per share,7,200 shares were sold. As a result of this transaction, Pruitt Joseph Scott now holds 6,583 shares worth roughly $1.02 million.
Then, Pruitt Joseph Scott sold 5,922 shares, generating $932,103 in total proceeds. Upon selling the shares at $157.40, the Vice President and Controller now owns 6,583 shares.
Before that, Pease Robert W bought 682 shares. Phillips 66 shares valued at $99,968 were divested by the Director at a price of $146.58 per share. As a result of the transaction, Pease Robert W now holds 1,900 shares, worth roughly $0.29 million.
Citigroup initiated its Phillips 66 [PSX] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Outperform”‘ rating for it. Wolfe Research also remained covering PSX and has increased its forecast on October 31, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Tudor Pickering Holt & Co. revised its rating on October 30, 2023. It rated PSX as “a Buy” which previously was an “a Hold”.
Price Performance Review of PSX
On Friday, Phillips 66 [NYSE:PSX] saw its stock jump 0.91% to $154.71. Over the last five days, the stock has lost -4.79%. Phillips 66 shares have risen nearly 16.20% since the year began. Nevertheless, the stocks have risen 50.12% over the past one year. While a 52-week high of $174.08 was reached on 04/05/24, a 52-week low of $89.74 was recorded on 01/18/24. SMA at 50 days reached $154.11, while 200 days put it at $128.29. A total of 2.76 million shares were traded, compared to the trading of 2.35 million shares in the previous session.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 153.06, which if violated will result in even more drops to 151.40. On the upside, there is a resistance level at 156.79. A further resistance level may holdings at 158.86. The Relative Strength Index (RSI) on the 14-day chart is 41.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.68%. Stochastics %K at 5.84% indicates the stock is a buying.
