Phillips 66’s recently made public that its Executive Vice President Roberts Timothy D. unloaded Company’s shares for reported $5.5 million on May 16 ’24. In the deal valued at $145.80 per share,37,742 shares were sold. As a result of this transaction, Roberts Timothy D. now holds 48,365 shares worth roughly $6.82 million.
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Then, Pruitt Joseph Scott sold 7,200 shares, generating $1,132,290 in total proceeds. Upon selling the shares at $157.26, the Vice President and Controller now owns 6,583 shares.
Before that, Pruitt Joseph Scott sold 5,922 shares. Phillips 66 shares valued at $932,103 were divested by the Vice President and Controller at a price of $157.40 per share. As a result of the transaction, Pruitt Joseph Scott now holds 6,583 shares, worth roughly $0.93 million.
TD Cowen reiterated its Phillips 66 [PSX] rating to a Buy in a research note published on June 21, 2024; the price target was $155. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. TD Cowen also remained covering PSX and reiterated its “an Outperform” recommendation on December 04, 2023. Wolfe Research revised its rating on October 31, 2023. It rated PSX as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of PSX
On Monday, Phillips 66 [NYSE:PSX] saw its stock fall -0.17% to $140.93. Over the last five days, the stock has gained 1.72%. Phillips 66 shares have risen nearly 5.85% since the year began. Nevertheless, the stocks have risen 49.08% over the past one year. While a 52-week high of $174.08 was reached on 04/05/24, a 52-week low of $93.40 was recorded on 01/18/24. SMA at 50 days reached $143.26, while 200 days put it at $136.18. A total of 1.42 million shares were traded, compared to the trading of 10.21 million shares in the previous session.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 139.54, which if violated will result in even more drops to 138.14. On the upside, there is a resistance level at 142.49. A further resistance level may holdings at 144.04. The Relative Strength Index (RSI) on the 14-day chart is 52.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.02%. Stochastics%K at 82.94% indicates the stock is a selling.
