Shares of Phillips 66 PSX, -0.27% sank 0.27% to $85.68 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.97% falling 0.97% to 4,481.15 and Dow Jones Industrial Average DJIA, -0.42% falling 0.42% to 34,496.51. This was the stock’s second consecutive day of losses. Phillips 66 closed $8.66 below its 52-week high ($94.34), which the company achieved on June 10th.
The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp. XOM, +1.11% rose 1.11% to $83.65, Chevron Corp. CVX, +0.89% rose 0.89% to $164.81, and Marathon Petroleum Corp. MPC, +1.02% rose 1.02% to $85.57. Trading volume (2.6 M) remained 2.1 million below its 50-day average volume of 4.6 M.