A director of Phillips 66 (PSX), William R Loomis, Jr has filed a Form 4, Statement of Changes in Beneficial Ownership. Loomis, Jr purchased 3,485 additional shares of PSX at a price of $86.0377 on June 20, 2014.
This purchase brings Loomis Jr’s common stock ownership including “units” 30,752 plus 10,137.3207 units. The PSX units are his compensation as director and the units convert to common stock on a one to one basis.
The form 4 was filed May 10, 2014.
The purchase comes as Phillips 66 (PSX) has seen an increase in it’s short interest. The stock is trading today at $86.75 up 42 cents.
Yesterday, PSX announced that it was acquiring Spectrum Corp, a lubricant manufacturer.
Here’s the chart so far today on Phillips 66 (PSX)