A Phillips 66 Director Trimmed a Trust Stake After an 81% Run. Here's What to Know
Davis liquidated 1,515 shares from a trust at $207.73 per share, reducing her indirect holdings by 21% while retaining 7,196 total shares worth roughly $1.6 million.
Overview
Lisa Ann Davis, a director at Phillips 66 (NYSE:PSX), reported a sale of 1,515 shares of Common Stock on August 10, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($207.73); post-transaction value based on the August 10 market close ($215.52).
Details
Phillips 66 is a large-scale diversified energy company with a market capitalization of $86.4 billion and TTM revenues of $153.6 billion, positioning it as a significant player in the global energy sector. The company's integrated business model across midstream infrastructure, refining, chemicals, and marketing operations provides multiple revenue streams and operational synergies. With headquarters in Houston, Phillips 66 leverages its comprehensive logistics network and manufacturing capabilities to maintain competitive advantages in energy commodity processing and distribution.
Source
Originally published at www.fool.com.