EVP Baldridge sells 7,500 PSX shares at $160.00 for $1.2M; retains 38.5K shares post-sale
Baldridge, EVP of Phillips 66, sold 7,500 shares (representing a -16.3% reduction in pre-transaction holdings) at $160.00 per share on 2026-02-17, realizing $1,200,000.00 in proceeds. The sale occurred near the 52-week high of $161.50 and slightly above the current price of $155.41, while the stock has appreciated 12.2% over the prior 30 days and 16.2% over 90 days. Despite recent strong price performance, the company faces headwinds: annual revenue declined -2.9% year-over-year, net income stands at $133.0M on $34.5B in latest-quarter revenue, and the valuation sits at a P/E of 41.55, suggesting limited margin of safety. The timing of this sale—above recent highs during a period of strength—and the substantial reduction in his direct holdings warrant observation, though the executive retains a material position of 38.5K shares.