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Vanessa Allen Sutherland, Executive Vice President, General Counsel, and Secretary at Phillips 66 (NYSE:PSX), sold 4,393 shares of common stock on September 9, 2025, at a price of $135. The sale comes as Phillips 66, with a market capitalization of $53.5 billion, trades near its 52-week high of $140.59. According to InvestingPro analysis, the stock currently appears undervalued with a "FAIR" overall financial health rating.
The total value of the shares sold by Sutherland amounted to $593055. The sale was executed automatically under a Rule 10b5-1 trading plan adopted on February 12, 2025. The stock has shown strong momentum with a 19.5% year-to-date return, while maintaining a healthy dividend yield of 3.6%.
Following the transaction, Sutherland directly owns 38,980 shares of Phillips 66, which includes 21,713 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis. For detailed 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, with adjusted earnings reaching $973 million, or $2.38 per share, and an operating cash flow of $1.9 billion, excluding working capital. This performance highlights the company’s high refining utilization and strategic shareholder returns. Additionally, Phillips 66 announced a definitive agreement to acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy Inc. for $1.4 billion in cash. This acquisition will increase the company’s refining capacity by approximately 250,000 barrels per day.
Analyst firms have responded positively to these developments. UBS raised its price target for Phillips 66 to $143, citing the company’s competitive business model and effective operational changes. Similarly, TD Cowen increased its price target to $134, highlighting the company’s strong refining performance and lowest operational expenses since 2021. These updates reflect the ongoing strategic initiatives and operational efficiency at Phillips 66.
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