Shares of Phillips 66 (NYSE:PSX) Sees Large Inflow of Net Money Flow

Phillips 66 (NYSE:PSX) witnessed a selling pressure and the shares last traded with a loss of -1.27 points or -1.59% at $78.8. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $16.74 million with an inflow of $57.54 million in upticks and an outflow of $40.8 million in downticks. Using the data, the up/down ratio is found to be 1.41. The share price has recorded -1.66% on a weekly basis.A block trade of $16.13 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $16.13, signaling heavy buying.


Currently the company Insiders own 0.05% of Phillips 66 shares according to the proxy statements. Institutional Investors own 72.64% of Phillips 66 shares. During last six month period, the net percent change held by insiders has seen a change of -34.11%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Garland Greg C., director officer (Chairman and CEO) of Phillips 66, had unloaded 62,500 shares at an average price of $80.22 in a transaction dated on June 3, 2016. The total value of the transaction was worth $5,013,750.

Phillips 66 (NYSE:PSX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.27 points or 1.59% at $78.8 with 3,347,663 shares getting traded. Post opening the session at $79.73, the shares hit an intraday low of $78.67 and an intraday high of $79.94 and the price was in this range throughout the day. The company has a market cap of $41,416 million and the number of outstanding shares have been calculated to be 525,581,459 shares. The 52-week high of Phillips 66 (NYSE:PSX) is $94.12 and the 52-week low is $69.79.

Many analysts have stated their opinion on the company shares. Brokerage firm JP Morgan maintains its rating on Phillips 66 (NYSE:PSX). As per the latest information, the brokerage house lowers the price target to $79 per share from a prior target of $80. The shares have been rated Neutral. The rating by the firm was issued on June 10, 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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