Phillips 66 director Cornelius buys $61k in shares

Published 01/08/2025, 23:16
Phillips 66 director Cornelius buys $61k in shares

Director Sigmund L. Cornelius of Phillips 66 (NYSE:PSX) purchased 500 shares of common stock on July 31, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a price of $123.55, totaling approximately $61,775. The purchase price represents a premium to the current trading price of $119.54, with analysts setting price targets between $125 and $158.

Following the transaction, Cornelius directly owns 21,543 shares of Phillips 66, which includes 1,043 Restricted Stock Units that convert to common stock on a 1-for-1 basis. The company, currently valued at $48.3 billion, offers a 4% dividend yield and maintains a FAIR financial health rating according to InvestingPro analysis, which provides comprehensive insights through its detailed Pro Research Report covering 1,400+ US stocks.

In other recent news, Phillips 66 reported robust earnings for the second quarter of 2025, with adjusted earnings reaching $973 million, or $2.38 per share. The company also generated an operating cash flow of $1.9 billion, excluding working capital. These results were driven by high refining utilization and strategic shareholder returns, highlighting Phillips 66’s operational efficiency. Following the earnings report, UBS raised its price target for Phillips 66 to $143, maintaining a Buy rating, citing the company’s competitive business model and successful operational changes. 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 analyst updates reflect confidence in the company’s recent performance and strategic direction. Phillips 66’s recent developments underscore its focus on refining efficiency and shareholder value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.