After a strong 2022,
Phillips 66
stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market.
Phillips 66 stock (ticker: PSX) surged 44% in 2022—a strong year for energy—compared with a 19% drop in the
S&P 500 index
But shares began to slip a few days before the company reported weaker-than-expected fourth-quarter earnings on Jan. 31. Phillips 66 stock is now slightly in the red year to date.
Source: https://www.barrons.com/articles/raytheon-ceo-phillips-66-oil-stock-cc7a1669?siteid=yhoof2&yptr=yahoo