On May 6, Phillips 66 Director Kevin Omar Meyers purchased 175 shares of the company’s stock (PSX) for $30,296.88, at a price of $173.12 per share. This insider buy is notable in the context of stock trading, as it suggests a positive outlook for the company. As of Monday, shares of Phillips 66 were trading at $171.02, approximately 1.2% lower than Meyers’ purchase price.
Phillips 66’s 52-week trading range is between $118 and $190.61, with the current share price at $173.43. The company also pays an annualized dividend of $5.08 per share, which is a yield of about 2.8%. Meyers has already collected $1.27 per share in dividends since his purchase, indicating a slight current loss of 0.5% on a total return basis.
As of now, Phillips 66 constitutes 6.74% of the VanEck Oil Refiners ETF (CRAK), which is down approximately 2.4% on the day.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
