Phillips 66 Partners Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 Partners in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 drop in short interest in June. As of June 30th, there was short interest totaling 3,880,000 shares, a drop of 24.5% from the June 15th total of 5,140,000 shares. Based on an average trading volume of 684,600 shares, the short-interest ratio is presently 5.7 days. Approximately 7.1% of the company's stock are short sold.
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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Phillips 66 Partners.

Phillips 66 Partners will be holding an earnings conference call on Tuesday, August 3rd at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips 66 Partners LP (NYSE:PSXP) announced its earnings results on Thursday, April, 29th. The oil and gas company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.78 by $0.04. The oil and gas company earned $376 million during the quarter, compared to the consensus estimate of $394.24 million. Phillips 66 Partners had a net margin of 34.40% and a trailing twelve-month return on equity of 35.03%. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners' stock was trading at $40.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSXP shares have decreased by 9.1% and is now trading at $36.53.
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Phillips 66 Partners announced a quarterly dividend on Wednesday, July 21st. Shareholders 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 dividend on an annualized basis and a yield of 9.58%. 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 9.26%. PSXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Phillips 66 Partners does not yet have a strong track record of dividend growth. 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 85.57% 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 equities research analysts have issued 1 year price objectives for Phillips 66 Partners' shares. Their forecasts range from $27.00 to $41.00. On average, they expect Phillips 66 Partners' stock price to reach $34.57 in the next year. This suggests that the stock has a possible downside of 5.4%.
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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), Delek Logistics Partners (DKL), 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 number of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (0.78%), Spirit of America Management Corp NY (0.08%), Arkfeld Wealth Strategies L.L.C. (0.07%), Eagle Global Advisors LLC (0.05%), Cutler Group LP (0.00%) and MAI Capital Management (0.00%). 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 Chickasaw Capital Management LLC, MAI Capital Management, and Spirit of America Management Corp NY.
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PSXP stock was purchased by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, Cutler Group LP, IFP Advisors Inc, Clean Yield Group, Arkfeld Wealth Strategies L.L.C., Clear Street Markets LLC, and Harbor Investment Advisory LLC. 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 $36.53.

Phillips 66 Partners has a market capitalization of $8.34 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]