Phillips 66’s recent filing unveils 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 $7.95 million.
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 $4.69 million.
Goldman downgraded its Phillips 66 [PSX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. TD Cowen maintained its rating on September 11, 2024. It rated PSX as “a Buy”.
Price Performance Review of PSX
On Monday, Phillips 66 [NYSE:PSX] saw its stock fall -2.11% to $97.01. Over the last five days, the stock has lost -0.38%. Phillips 66 shares have fallen nearly -14.85% since the year began. Nevertheless, the stocks have fallen -38.31% over the past one year. While a 52-week high of $159.24 was reached on 02/19/25, a 52-week low of $91.01 was recorded on 04/09/25. SMA at 50 days reached $119.30, while 200 days put it at $126.62.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 95.91, which if violated will result in even more drops to 94.80. On the upside, there is a resistance level at 97.91. A further resistance level may holdings at 98.80. The Relative Strength Index (RSI) on the 14-day chart is 34.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.16%. Stochastics %K at 21.98% 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 2025-03-31, dropping by -0.77 million shares to a total of 6.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.28 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 31, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $162.
