Phillips 66 Partners Stock Forecast, Price & News

Phillips 66 Partners' stock was trading at $40.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PSXP stock has decreased by 41.6% and is now trading at $23.47.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 Partners in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
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Phillips 66 Partners LP (NYSE:PSXP) released its quarterly earnings results on Friday, October, 30th. The oil and gas company reported $0.85 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.85. The oil and gas company had revenue of $394 million for the quarter, compared to analysts' expectations of $385.43 million. Phillips 66 Partners had a net margin of 55.30% and a return on equity of 43.10%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $1.15 earnings per share.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.875 per share on Friday, November 13th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 14.91%. The ex-dividend date is Thursday, October 29th.
View Phillips 66 Partners' dividend history.

9 equities research analysts have issued 12 month target prices for Phillips 66 Partners' stock. Their forecasts range from $27.00 to $52.00. On average, they anticipate Phillips 66 Partners' stock price to reach $38.67 in the next year. This suggests a possible upside of 64.7% from the stock's current price.
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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), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), 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 retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (1.02%), Miller Howard Investments Inc. NY (0.21%), Cadence Capital Management LLC (0.17%), Spirit of America Management Corp NY (0.10%), Northeast Financial Consultants Inc (0.04%) and Dividend Assets Capital LLC (0.02%). Company insiders that own Phillips 66 Partners stock include Joseph O'toole, Kevin J Mitchell, 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 Dividend Assets Capital LLC, Spirit of America Management Corp NY, Miller Howard Investments Inc. NY, Americana Partners LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, and Walnut Private Equity Partners LLC.
View insider buying and selling activity for Phillips 66 Partners.

PSXP stock was acquired by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Cadence Capital Management LLC, Northeast Financial Consultants Inc, LexAurum Advisors LLC, BNP Paribas Arbitrage SA, Envestnet Asset Management Inc., Clean Yield Group, and Pacer Advisors Inc.. Company insiders that have bought Phillips 66 Partners stock in the last two years include Joseph O'toole, Kevin J Mitchell, Mark Haney, and Phillip David Bairrington.
View insider buying and selling activity for Phillips 66 Partners.

Shares of PSXP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PSXP stock can currently be purchased for approximately $23.47.

Phillips 66 Partners has a market capitalization of $5.36 billion and generates $1.67 billion in revenue each year. The oil and gas company earns $923 million in net income (profit) each year or $4.29 on an earnings per share basis.

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

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]