Insider Trading Alert: Phillips 66

Phillips 66 (NYSE:PSX) insider has recently participated in insider trading activity. BERKSHIRE HATHAWAY INC, 10% Owner bought 30,953 shares for $2,289,364 via one transaction Feb 12. Following the transaction, the insider now owns 75,550,745 shares in total, priced at $5908823766.45 as of Tuesday. Another notable insider trading was done by the same insider on Feb 11. BERKSHIRE HATHAWAY INC acquired 1,025,225 shares at an average price of $72.83 for a total of $74,667,523. Moreover, this insider carried out a buy of 23,300 shares at $74.91 each on Feb 10. The transaction amounted to $1,745,352. The insider also sold 41,800 shares for $3,133,173 through one transaction Feb 09.


The stock has experienced a total of 35 insider trades in the past three months. These trades include 0 sell activities and 35 buy trades. Furthermore, over the past 12 months, the stock was traded 46 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in just 44 instances.


On February 12, 2016 Phillips 66 (PSX) President Tim Taylor will speak to investors and securities analysts at the 2016 Credit Suisse Energy Summit on Tuesday, Feb. 23, 2016, at 9:10 a.m. MST. Taylor will discuss the company’s execution of its value-creating strategy, including an update on growth projects, return enhancement opportunities and commitment to disciplined capital allocation.


To access the webcast, go to the Phillips 66 Investors site, www.phillips66.com/investors, and click on “Events & Presentations.” A replay of the webcast will be archived on the Investors site approximately two hours after the live call. A transcript also will be available at a later date.


Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, as well as provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States. The Chemicals segment manufactures and markets ethylene and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals, and mining chemicals.


 

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