Phillips 66 Partners Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 Partners in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Phillips 66 Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSXP, but not buy additional shares or sell existing shares.
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Phillips 66 Partners saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 4,360,000 shares, an increase of 26.7% from the July 29th total of 3,440,000 shares. Based on an average daily volume of 536,800 shares, the days-to-cover ratio is presently 8.1 days. Currently, 8.0% of the company's shares are sold short.
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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for Phillips 66 Partners.

Phillips 66 Partners LP (NYSE:PSXP) posted its earnings results on Monday, August, 2nd. The oil and gas company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The oil and gas company had revenue of $423 million for the quarter, compared to the consensus estimate of $394.73 million. Phillips 66 Partners had a net margin of 32.66% and a trailing twelve-month return on equity of 35.09%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners' stock was trading at $40.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PSXP shares have decreased by 11.4% and is now trading at $35.61.
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Phillips 66 Partners announced a quarterly dividend on Wednesday, July 21st. Investors of record on Friday, July 30th will be given a dividend of $0.875 per share on Friday, August 13th. This represents a $3.50 annualized dividend and a dividend yield of 9.83%. The ex-dividend date is Thursday, July 29th.
View Phillips 66 Partners' dividend history.

Phillips 66 Partners pays an annual dividend of $3.50 per share and currently has a dividend yield of 9.92%. PSXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Phillips 66 Partners is 97.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Phillips 66 Partners will have a dividend payout ratio of 84.95% in the coming year. This indicates that Phillips 66 Partners may not be able to sustain their current dividend.
View Phillips 66 Partners' dividend history.

8 Wall Street analysts have issued 1-year price objectives for Phillips 66 Partners' stock. Their forecasts range from $27.00 to $41.00. On average, they anticipate Phillips 66 Partners' stock price to reach $34.57 in the next year. This suggests that the stock has a possible downside of 2.9%.
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Some companies that are related to Phillips 66 Partners include Mplx (MPLX), Magellan Midstream Partners (MMP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Plains GP (PAGP), Delek Logistics Partners (DKL), Holly Energy Partners (HEP), NuStar Energy (NS), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Phillips 66 (PSX), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Pfizer (PFE), Energy Transfer (ET), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Intel (INTC).

Phillips 66 Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSXP."

Phillips 66 Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Invesco Ltd. (1.33%), Tortoise Capital Advisors L.L.C. (1.04%), JPMorgan Chase & Co. (0.80%), Morgan Stanley (0.79%), Morgan Stanley (0.79%) and Chickasaw Capital Management LLC (0.78%). Company insiders that own Phillips 66 Partners stock include Mark Haney and Phillip David Bairrington.
View institutional ownership trends for Phillips 66 Partners.

PSXP stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Kayne Anderson Capital Advisors LP, Chickasaw Capital Management LLC, JPMorgan Chase & Co., Advisor Group Holdings Inc., Zimmer Partners LP, Susquehanna International Group LLP, and First Trust Advisors LP.
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PSXP stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Morgan Stanley, Morgan Stanley, Deutsche Bank AG, Bank of Montreal Can, Jennison Associates LLC, Tortoise Capital Advisors L.L.C., and Allianz Asset Management GmbH. Company insiders that have bought Phillips 66 Partners stock in the last two years include Mark Haney, and Phillip David Bairrington.
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Shares of PSXP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSXP stock can currently be purchased for approximately $35.61.

Phillips 66 Partners has a market capitalization of $8.13 billion and generates $1.62 billion in revenue each year. The oil and gas company earns $791 million in net income (profit) each year or $3.58 on an earnings per share basis.

The official website for Phillips 66 Partners is www.phillips66partners.com.

Phillips 66 Partners is headquartered at 2331 CityWest Blvd., Houston TX, 77042.

Phillips 66 Partners' mailing address is 2331 CityWest Blvd., Houston TX, 77042. The oil and gas company can be reached via phone at (855) 283-9237 or via email at [email protected]