Phillips 66 (PSX) Files Form 4 Insider Selling : Timothy Garth Taylor Sells 50,000 Shares

Phillips 66 (PSX): Timothy Garth Taylor , President of Phillips 66 sold 50,000 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $78.00 per share for a total value of $3,900,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, William R Jr Loomis (director) purchased 12,680 shares at $78.86 per share price.On Jun 6, 2016, Greg C. Garland (Chairman and CEO) sold 62,500 shares at $80.22 per share price.Also, On Mar 7, 2016, Chukwuemeka A. Oyolu (Vice President & Controller) sold 2,576 shares at $82.98 per share price.On Nov 6, 2015, Lawrence Michael Ziemba (Executive VP, Refining) sold 74,467 shares at $93.38 per share price.

Phillips 66: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Phillips 66 which led to swings in the share price. The shares opened for trading at $79.21 and hit $80.01 on the upside , eventually ending the session at $79.7, with a gain of 1.21% or 0.95 points. The heightened volatility saw the trading volume jump to 23,48,748 shares. The 52-week high of the share price is $94.12 and the company has a market cap of $41,889 M . The 52-week low of the share price is at $69.79.

Phillips 66 Money Flow Index Chart

Company has been under the radar of several Street Analysts.Phillips 66 is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jun 17, 2016.Phillips 66 is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 93 from a previous price target of $97 . The Rating was issued on May 2, 2016.Phillips 66 is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 20, 2016.Phillips 66 is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 98 from a previous price target of $102 . The Rating was issued on Apr 8, 2016.

Phillips 66 is an energy manufacturing and logistics company with midstream chemicals refining and marketing and specialties businesses. The Company operates its business through four segments: midstream chemicals refining and marketing and specialties. It gathers processes transports and markets natural gas and transports fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys sells and refines crude oil and other feedstocks into petroleum products (such as gasolines distillates and aviation fuels) at 14 refineries mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines distillates and aviation fuels) mainly in the United States and Europe.

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