NYSE:PSXPPhillips 66 Partners Stock Price, Forecast & News

$46.53

-0.29 (-0.62 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$45.74

Now: $46.53▼

$47.10

50-Day Range

$39.24

MA: $43.20▼

$46.82

52-Week Range

$19.00

Now: $46.53▼

$65.22

Volume343,300 shs

Average Volume688,380 shs

Market Capitalization$10.62 billion

P/E Ratio11.46

Dividend Yield7.52%

Beta1.35

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids (NGL) pipelines, terminals, and other transportation and midstream assets. The company operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, New Mexico, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, Wyoming, and Montana; marine assets in Lake Charles, Bayway, and Wood River; and NGL assets in Texas and Louisiana. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP. The company was founded in 2013 and is headquartered in Houston, Texas. Phillips 66 Partners LP is a subsidiary of Phillips 66 Project Development Inc.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Phillips 66 Partners has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.70, Phillips 66 Partners has a potential upside of 9.0% from its current price of $46.53.
Amount of Analyst Coverage
Phillips 66 Partners has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Phillips 66 Partners has received 425 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Phillips 66 Partners has received 441 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Phillips 66 Partners has received 50.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Phillips 66 Partners and other stocks. Vote “Outperform” if you believe PSXP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PSXP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Phillips 66 Partners is a leading dividend payer. It pays a dividend yield of 7.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 Partners has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 Partners is 81.59 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Phillips 66 Partners will have a dividend payout ratio of 86.00 % in the coming year. This indicates that Phillips 66 Partners may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips 66 Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $487,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
Only 24.20% of the stock of Phillips 66 Partners is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Phillips 66 Partners are expected to grow by 8.24% in the coming year, from $3.76 to $4.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 Partners is 11.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 Partners is 11.46, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.61.
Price to Book Value per Share Ratio
Phillips 66 Partners has a P/B Ratio of 5.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.31 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:PSXP

Previous Symbol

CUSIPN/A

CIK1572910

Webwww.phillips66partners.com

Phone855-283-9237

Debt

Debt-to-Equity Ratio1.83

Current Ratio1.05

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio11.46

Forward P/E Ratio12.38

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.67 billion

Price / Sales6.37

Cash Flow$4.55 per share

Price / Cash Flow10.22

Book Value$9.18 per share

Price / Book5.07

Profitability

EPS (Most Recent Fiscal Year)$4.29

Net Income$923 million

Net Margins54.94%

Return on Equity45.19%

Return on Assets13.17%

Miscellaneous

EmployeesN/A

Outstanding Shares228,340,000

Market Cap$10.62 billion

Next Earnings Date7/24/2020 (Estimated)

OptionableOptionable

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Phillips 66 Partners (NYSE:PSXP) Frequently Asked Questions

How has Phillips 66 Partners' stock been impacted by COVID-19 (Coronavirus)?

Phillips 66 Partners' stock was trading at $40.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PSXP stock has increased by 15.8% and is now trading at $46.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Phillips 66 Partners?

10 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Phillips 66 Partners.

When is Phillips 66 Partners' next earnings date?

Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Phillips 66 Partners.

How were Phillips 66 Partners' earnings last quarter?

Phillips 66 Partners LP (NYSE:PSXP) released its quarterly earnings data on Friday, May, 1st. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.01. The oil and gas company earned $404 million during the quarter, compared to analysts' expectations of $408.08 million. Phillips 66 Partners had a net margin of 54.94% and a return on equity of 45.19%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. View Phillips 66 Partners' earnings history.

How often does Phillips 66 Partners pay dividends? What is the dividend yield for Phillips 66 Partners?

Phillips 66 Partners declared a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, May 1st will be given a dividend of $0.875 per share on Thursday, May 14th. This represents a $3.50 annualized dividend and a yield of 7.52%. The ex-dividend date is Thursday, April 30th. View Phillips 66 Partners' dividend history.

What price target have analysts set for PSXP?

10 equities research analysts have issued 1-year price targets for Phillips 66 Partners' stock. Their forecasts range from $43.00 to $62.00. On average, they expect Phillips 66 Partners' share price to reach $50.70 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View analysts' price targets for Phillips 66 Partners.

Has Phillips 66 Partners been receiving favorable news coverage?

Media coverage about PSXP stock has trended positive this week, according to InfoTrie. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Phillips 66 Partners earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave news coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutPhillips 66 Partners.

Are investors shorting Phillips 66 Partners?

Phillips 66 Partners saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,550,000 shares, an increase of 15.7% from the April 30th total of 1,340,000 shares. Based on an average trading volume of 855,900 shares, the short-interest ratio is presently 1.8 days. Approximately 3.0% of the shares of the stock are sold short. View Phillips 66 Partners' Current Options Chain.

Who are some of Phillips 66 Partners' key competitors?

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), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all competitors.

What other stocks do shareholders of Phillips 66 Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 Partners investors own include Phillips 66 (PSX), AT&T (T), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Verizon Communications (VZ), Johnson & Johnson (JNJ), Boeing (BA), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC) and Pfizer (PFE).

Who are Phillips 66 Partners' key executives?

Phillips 66 Partners' management team includes the following people:

Mr. Greg C. Garland, Chairman & CEO of Phillips 66 Partners GP LLC (Age 62)
Mr. Kevin J. Mitchell, VP, CFO & Director of Phillips 66 Partners GP LLC (Age 53)
Mr. Chukwuemeka A. Oyolu, VP & Controller of Phillips 66 Partners GP LLC (Age 50)
Ms. Rosy Zuklic, VP & COO of Phillips 66 Partners GP LLC (Age 45)
Ms. Paula Ann Johnson, VP, Gen. Counsel & Sec. of Phillips 66 Partners GP LLC (Age 56)

What is Phillips 66 Partners' stock symbol?

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

Who are Phillips 66 Partners' major shareholders?

Phillips 66 Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (4.30%), Alps Advisors Inc. (4.10%), Kayne Anderson Capital Advisors LP (1.11%), JPMorgan Chase & Co. (1.06%), Chickasaw Capital Management LLC (0.75%) and Harvest Fund Advisors LLC (0.74%). 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.

Which major investors are selling Phillips 66 Partners stock?

PSXP stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Northwestern Mutual Investment Management Company LLC, UBS Group AG, Kayne Anderson Capital Advisors LP, Chickasaw Capital Management LLC, Morgan Stanley, Morgan Stanley, and Cohen & Steers Inc.. View insider buying and selling activity for Phillips 66 Partners.

Which major investors are buying Phillips 66 Partners stock?

PSXP stock was bought by a variety of institutional investors in the last quarter, including Alps Advisors Inc., JPMorgan Chase & Co., Harvest Fund Advisors LLC, Zimmer Partners LP, Jennison Associates LLC, Citigroup Inc., Parametric Portfolio Associates LLC, and Miller Howard Investments Inc. NY. 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.

How do I buy shares of 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.

What is Phillips 66 Partners' stock price today?

One share of PSXP stock can currently be purchased for approximately $46.53.

How big of a company is Phillips 66 Partners?

Phillips 66 Partners has a market capitalization of $10.62 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.

What is Phillips 66 Partners' official website?

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

How can I contact Phillips 66 Partners?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff