Hayes buys Phillips 66 (PSX) stock worth $1m

Published 14/08/2025, 22:44
Hayes buys Phillips 66 (PSX) stock worth $1m

Director Gregory Hayes acquired 8,350 shares of Phillips 66 NYSE:PSX common stock on August 14, 2025, at a price of $119.9 per share. The total value of the purchase was $1,001,165. The purchase price represents an attractive entry point, as InvestingPro analysis indicates PSX is currently undervalued. The stock, with a market cap of $49.5 billion, offers a compelling 3.9% dividend yield and maintains a "Fair" financial health score.

Following the transaction, Hayes directly owns 29,423.1347 shares of Phillips 66, which includes 10,823.1347 Restricted Stock Units that convert to Phillips 66 common stock on a 1-for-1 basis. Analysts maintain a bullish outlook on PSX, with price targets ranging from $125 to $158. For deeper insights into insider trading patterns and comprehensive analysis, access the full Phillips 66 Pro Research Report, available exclusively on InvestingPro.

In other recent news, Phillips 66 reported strong earnings for the second quarter of 2025, highlighting its robust refining utilization and strategic shareholder returns. The company posted adjusted earnings of $973 million, or $2.38 per share, alongside an operating cash flow of $1.9 billion, excluding working capital. These results reflect Phillips 66’s operational efficiency and strategic initiatives. Following these earnings, UBS raised its price target for Phillips 66 to $143, maintaining a Buy rating, citing the company’s competitive business model and recent operational improvements. Similarly, TD Cowen increased its price target to $134, also maintaining a Buy rating, due to Phillips 66’s strong refining performance and lowest operational expenses since 2021. These developments underscore analysts’ positive outlook on the company’s financial health and operational strategies.

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