Phillips 66 SVP and controller Kluppel sells $1.65m in stock By Investing.com

Ann M. Kluppel, Senior Vice President and Controller at Phillips 66 (), sold company stock totaling $1,651,235 across several transactions in early August. These sales followed the exercise of employee stock options.

On August 7 and August 10, 2026, Ms. Kluppel disposed of a total of 7,834 shares of Phillips 66 common stock. The shares were sold at prices ranging from $205.0 to $215.0 per share. One transaction on August 10 involved 2,100 shares sold at a weighted average price of $210.6317, with individual sales occurring between $210.135 and $210.72. The timing is notable as the stock currently trades at $233.61, near its 52-week high of $236.14, according to InvestingPro data. The stock has delivered exceptional returns with an 84% gain year-to-date and a 95% return over the past year. Despite this strong performance, InvestingPro’s Fair Value analysis suggests the stock remains undervalued at current levels. For deeper insights into PSX’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.

Preceding these sales, Ms. Kluppel acquired an equal number of shares, 7,834, through the exercise of employee stock options. These acquisitions, which took place on the same dates, had a total value of $742,019. The exercise prices for these options ranged from $89.05 to $100.435 per share. Specifically, 1,800 shares were acquired at $100.435 on August 7, 2026, and on August 10, 2026, 2,100 shares were acquired at $100.435, and 3,934 shares were acquired at $89.05. These options had become exercisable in annual installments starting in February 2023 and February 2024.

Following these reported transactions, Ms. Kluppel directly holds 25,401 shares of Phillips 66 common stock. This total includes 4,720 Restricted Stock Units that convert to common stock on a one-for-one basis. Additionally, Ms. Kluppel indirectly holds 3,638.359 shares through the Phillips 66 Savings Plan, which includes shares acquired via ongoing plan contributions and routine dividend transactions.

In other recent news, Phillips 66 reported its second-quarter 2026 adjusted earnings of $9.41 per share, surpassing Wall Street’s estimate of $7.02. Despite this earnings beat, the company’s revenue of $42.1 billion fell short of the $43.41 billion forecast. These developments reflect strong performance in refining, marketing, and midstream operations. Additionally, Piper Sandler raised its price target for Phillips 66 to $209, citing progress in reducing the company’s gross debt. Phillips 66 accelerated its timeline to achieve a $17 billion gross debt target by the end of 2026, one year ahead of schedule. The company’s current gross debt stands at approximately $21 billion. These recent developments highlight the company’s strategic financial adjustments and operational strengths.

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