Phillips 66 (PSX) Files Form 4 Insider Selling : Robert A Herman Sells 4,372 Shares

Phillips 66 (PSX): Robert A Herman , Executive Vice President of Phillips 66 sold 4,372 shares on Sep 15, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $79.07 per share for a total value of $345,685.72 , 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 30, 2016, Paula Ann Johnson (Executive VP and Gen Counsel) sold 40,141 shares at $79.57 per share price.On Jun 30, 2016, Timothy Garth Taylor (President) sold 50,000 shares at $78.00 per share price.Also, 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.

Shares of Phillips 66 (PSX) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.77 points or -0.96% at $79.58 with 22,18,367 shares getting traded. Post opening the session at $80.35, the shares hit an intraday low of $79.58 and an intraday high of $80.47 and the price vacillated in this range throughout the day. The company has a market cap of $41,608 M and the number of outstanding shares has been calculated to be 52,28,49,330 shares. The 52-week high of Phillips 66 is $94.12 and the 52-week low is $71.74.

Phillips 66 Money Flow Index Chart

Company has been under the radar of several Street Analysts.Phillips 66 is Initiated by Jefferies to Hold. The Rating was issued on Aug 23, 2016.Phillips 66 is Upgraded by Cowen to Outperform and the brokerage firm has set the Price Target at $92. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Aug 3, 2016.Phillips 66 is Downgraded by Scotia Howard Weil to Sector Perform. Earlier the firm had a rating of Sector Outperform on the company shares. The Rating was issued on Jul 11, 2016.Phillips 66 is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 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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