Insiders Seeing Green With PSX At New 52-Week High

In trading on Tuesday, shares of Phillips 66 (PSX) touched a new 52-week high of $87.20/share. That's a 56.24% rise, or $31.39 per share from the 52-week low of $55.81 set back on 09/17/2013. That means at today's intraday high, any investor who purchased PSX stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, PSX has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
05/06/2014 Glenn F. Tilton Director 5,900 $84.41 $498,008.97
05/06/2014 William R. Loomis Jr. Director 5,907 $84.57 $499,554.40
06/20/2014 William R. Loomis Jr. Director 3,485 $86.04 $299,841.38
06/30/2014 William R. Loomis Jr. Director 3,105 $80.60 $250,254.00

The chart below shows where PSX has traded over the past year, with the 50-day and 200-day moving averages included.

Phillips 66 Moving Averages Chart

In afternoon trading on Tuesday, PSX shares are changing hands at $86.18/share, slightly below the new 52-week high.

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