The stock has recently slipped, and a director has bought shares of a diversified energy company on the open market.
Phillips 66 stock (ticker: PSX) up 44% in 2022—a strong year for energy—compared to a 19% decrease in
S&P 500 Index
But the stock started to slide days before the company reported weaker than expected fourth quarter earnings on Jan. 31. Phillips 66 stock is in the red year-to-date.