Phillips 66 Stock Plummets 3.01% in Second Consecutive Day of Decline Trading Volume Drops 67.73% Ranking 238th in Market Activity

On June 23, 2025, Phillips 66 (PSX) experienced a significant decline, with its trading volume dropping by 67.73% to 3.42 billion, ranking 238th in the day's market activity. The stock price fell by 3.01%, marking the second consecutive day of decline, with a total decrease of 3.04% over the past two days.

Over the past two years, Phillips 66 has witnessed substantial insider selling, with executives disposing of shares valued at over $61 million. Recently, an insider sold shares worth $1,225,000, according to a recent SEC filing. The shares were sold at an average price of $125.00.

Phillips 66 is predominantly controlled by institutional shareholders, who own 77% of the company. This high level of institutional ownership can influence market sentiment and stock performance. Additionally, Gyroscope Capital Management Group, LLC has made several transactions involving Phillips 66 shares, with an estimated gain of $3.45 million, reflecting a 39.62% return to date.

American Assets Investment Management LLC recently increased its holdings in Phillips 66, now owning 130,800 shares worth $14,902,000. This move indicates continued institutional interest in the company. Furthermore, the stock has seen transactions by congressional members, with a recent sale of $15,001 worth of shares by Jefferson Shreve, a Republican representative.