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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.
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