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Phillips 66 (NYSE:PSX) Director Michael A. Heim reported purchasing 1,000 shares of the company’s common stock on July 30, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a price of $125.97, totaling $125,970. The purchase price represents a premium to the current trading price of $119.54, with InvestingPro analysis indicating the stock is currently undervalued. The $48.3 billion market cap company maintains a "Fair" Financial Health Score of 2.05 out of 3 and offers a 4% dividend yield.
Following the transaction, Heim directly owns 12,043 shares of Phillips 66, which includes 1,043 Restricted Stock Units that convert to Phillips 66 common stock on a 1-for-1 basis
In other recent news, Phillips 66 reported robust earnings for the second quarter of 2025, highlighting strong 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. UBS has responded to these results by raising its price target for Phillips 66 to $143, maintaining a Buy rating and citing the company’s competitive business model and 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 its lowest operational expenses since 2021. These developments underscore the company’s operational efficiency and strategic initiatives.
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