Phillips 66 shares dropped 0.36% to $82.40 Monday. This proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.35% to 4,384.63 and the Dow Jones Industrial Average DJIA rising 0.36% to 34,996.18.
Phillips 66 closed $11.94 short of its 52-week high ($94.34), which the company achieved on June 10th. The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Exxon Mobil Corp. XOM fell 0.10% to $61.17, Chevron Corp. CVX rose 0.20% to $104.28, and Marathon Petroleum Corp. MPC fell 0.60% to $58.33.
Phillips 66 trading volume (3.3 M) eclipsed its 50-day average volume of 2.9 M.This current average represents a 5.67% increase from the previous average price target of $93.0.Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish analyst ratings for stocks. Analysts typically rate each stock once per quarter.
For this tender, the state oil company allowed as an option that delivery of Napo is carried out in a single batch of 1.08 million barrels, achieving for the first time an award for the joint loading of this hydrocarbon. Petroecuador awarded Unipec America a total of 1.08 million barrels of Oriente crude, winning with an offer of a discount of $2.14 per barrel below the price of WTI crude plus an additional premium of $1.27 per barrel for delivery in Punta Gorda.