Phillips 66 (PSX) Files Form 4 Insider Selling : Greg C. Garland Sells 62,500 Shares

Phillips 66 (PSX): Greg C. Garland , Chairman and CEO of Phillips 66 sold 62,500 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $80.22 per share for a total value of $4,996,881.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on 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.Also, On Nov 4, 2015, Robert A Herman (Executive Vice President) sold 4,012 shares at $90.72 per share price.On May 28, 2015, William R Jr Loomis (director) purchased 6,325 shares at $79.28 per share price.

Shares of Phillips 66 (PSX) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.7 points or -0.87% at $80.13 with 29,85,053 shares getting traded. Post opening the session at $80.61, the shares hit an intraday low of $79.39 and an intraday high of $80.89 and the price vacillated in this range throughout the day. The company has a market cap of $42,115 M and the number of outstanding shares has been calculated to be 52,55,81,459 shares. The 52-week high of Phillips 66 is $94.12 and the 52-week low is $69.79.

Phillips 66 Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 Initiated by Cowen to Market Perform and the brokerage firm has set the Price Target at $92. The Rating was issued on Mar 28, 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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