Scotiabank Downgrades Phillips 66 (PSX) to a Sector perform from a Sector outperform

In a filing, Phillips 66 revealed its EVP, GC and Secretary Sutherland Vanessa Allen unloaded Company’s shares for reported $0.57 million on Jul 08 ’25. In the deal valued at $130.00 per share,4,393 shares were sold. As a result of this transaction, Sutherland Vanessa Allen now holds 43,373 shares worth roughly $5.71 million.

Then, Sutherland Vanessa Allen bought 4,393 shares, generating $571,090 in total proceeds.

Before that, Mandell Brian sold 9,800 shares. Phillips 66 shares valued at $1,225,000 were divested by the Executive Vice President at a price of $125.00 per share. As a result of the transaction, Mandell Brian now holds 56,838 shares, worth roughly $7.49 million.

Scotiabank downgraded its Phillips 66 [PSX] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. TD Cowen also remained covering PSX and reiterated its “Buy” recommendation on May 13, 2025. TD Cowen maintained its rating on April 28, 2025. It rated PSX as “a Buy”.

Price Performance Review of PSX

On Friday, Phillips 66 [NYSE:PSX] saw its stock fall -1.99% to $131.71. Over the last five days, the stock has gained 3.47%. Phillips 66 shares have fallen nearly -0.83% since the year began. Nevertheless, the stocks have risen 15.61% over the past one year. While a 52-week high of $150.12 was reached on 07/10/25, a 52-week low of $91.01 was recorded on 04/09/25.

Levels Of Support And Resistance For PSX Stock

The 24-hour chart illustrates a support level at 130.91, which if violated will result in even more drops to 130.12. On the upside, there is a resistance level at 133.02. A further resistance level may holdings at 134.34.

How much short interest is there in Phillips 66?

A steep rise in short interest was recorded in Phillips 66 stocks on 2025-06-13, dropping by -1.97 million shares to a total of 6.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 8.69 million shares. There was a decline of -29.22%, which implies that there is a negative sentiment for the stock.

Most Popular

Knox Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.