Philland 66 does not do enough to buy shares

On Friday, there were a few notable insider trades, despite the fact that US stocks closed mixed.

When insiders buy shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. This signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator of an investment or trading decision. It can lend conviction to a buying decision.

Below is a look at some recent insider purchases. Phillips 66 Does: Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 2.0 million barrels per day, or mmb d, after converting its 255 mb d Alliance refinery to a terminal.

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