Phillips 66 SVP and controller Kluppel sells $1.65m in stock

Ann M. Kluppel, Senior Vice President and Controller at Phillips 66, sold company stock worth $1,651,235 in early August. This was part of the exercise of employee stock options. On August 7 and August 10, she disposed of 7,834 shares, totaling $1,651,235, at prices between $205.0 and $215.0 per share. One transaction on August 10 included the sale of 2,100 shares at a weighted average price of $210.6317.

Currently, the stock trades at $233.61, close to its 52-week high of $236.14. Despite the stock's strong year-to-date gain of 84% and a 95% return over the past year, InvestingPro's Fair Value analysis indicates the stock may still be undervalued. Prior to these sales, Kluppel acquired the same number of shares, 7,834, through employee stock options, with a total value of $742,019.

These acquisitions occurred at prices ranging from $89.05 to $100.435 per share. Currently, Kluppel holds 25,401 shares of Phillips 66 common stock, including 4,720 Restricted Stock Units that convert to common stock and 3,638.359 shares indirectly held through the Phillips 66 Savings Plan. Phillips 66 reported adjusted earnings of $9.41 per share in Q2 2026, beating Wall Street's estimate of $7.02.

However, revenue fell short of expectations at $42.1 billion compared to the forecasted $43.41 billion. These earnings reflect strong performance in refining, marketing, and midstream operations. Piper Sandler recently raised its price target for Phillips 66 to $209, citing progress in reducing the company's gross debt, which is now at approximately $21 billion, one year ahead of the company's target.