Phillips 66’s filing revealed that its Exec. VP and CFO Mitchell Kevin J unloaded Company’s shares for reported $4.17 million on Aug 15 ’24. In the deal valued at $139.01 per share,30,000 shares were sold. As a result of this transaction, Mitchell Kevin J now holds 81,937 shares worth roughly $11.5 million.
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Then, Mitchell Kevin J bought 30,000 shares, generating $4,170,411 in total proceeds.
Before that, Roberts Timothy D. sold 37,742 shares. Phillips 66 shares valued at $5,502,784 were divested by the Executive Vice President at a price of $145.80 per share. As a result of the transaction, Roberts Timothy D. now holds 48,365 shares, worth roughly $6.79 million.
TD Cowen reiterated its Phillips 66 [PSX] rating to a Buy in a research note published on July 31, 2024; the price target was $162. TD Cowen also remained covering PSX and reiterated its “Buy” recommendation on June 21, 2024. Citigroup started covering the stock on January 24, 2024. It rated PSX as “a Buy”.
Price Performance Review of PSX
On Friday, Phillips 66 [NYSE:PSX] saw its stock jump 2.79% to $140.31. Over the last five days, the stock has gained 3.65%. Phillips 66 shares have risen nearly 5.39% since the year began. Nevertheless, the stocks have risen 23.46% over the past one year. While a 52-week high of $174.08 was reached on 04/05/24, a 52-week low of $107.85 was recorded on 01/18/24. SMA at 50 days reached $137.80, while 200 days put it at $140.96.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 137.02, which if violated will result in even more drops to 133.72. On the upside, there is a resistance level at 142.23. A further resistance level may holdings at 144.14. The Relative Strength Index (RSI) on the 14-day chart is 57.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.26%. Stochastics %K at 60.23% indicates the stock is a holding.
How much short interest is there in Phillips 66?
A steep rise in short interest was recorded in Phillips 66 stocks on 2024-08-15, dropping by -1.28 million shares to a total of 7.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 8.79 million shares. There was a decline of -17.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 04, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $150.
