Shares of Phillips 66 PSX, -1.41% slid 1.41% to $110.71 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.59% rising 0.59% to 4,027.26 and the Dow Jones Industrial Average DJIA, +0.28% rising 0.28% to 34,194.06. The stock’s fall snapped a two-day winning streak. Phillips 66 closed $2.82 below its 52-week high ($113.53), which the company reached on November 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp. XOM, -0.50% fell 0.50% to $113.61, Chevron Corp. CVX, -0.89% fell 0.89% to $184.24, and Marathon Petroleum Corp. MPC, -0.79% fell 0.79% to $125.60. Trading volume (2.7 M) remained 1.0 million below its 50-day average volume of 3.7 M.