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. Since then, PSXP shares have decreased by 38.8% and is now trading at $24.58.
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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, October 23rd 2020.
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Phillips 66 Partners LP (NYSE:PSXP) posted its quarterly earnings data on Friday, July, 31st. The oil and gas company reported $1.05 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.30. The oil and gas company earned $430 million during the quarter, compared to analysts' expectations of $361.25 million. Phillips 66 Partners had a net margin of 55.30% and a return on equity of 43.10%. Phillips 66 Partners's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 EPS.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, July 31st will be paid a dividend of $0.875 per share on Thursday, August 13th. This represents a $3.50 annualized dividend and a dividend yield of 14.24%. The ex-dividend date of this dividend is Thursday, July 30th.
View Phillips 66 Partners' dividend history.

9 equities research analysts have issued 1-year target prices for Phillips 66 Partners' stock. Their forecasts range from $34.00 to $58.00. On average, they expect Phillips 66 Partners' stock price to reach $42.44 in the next twelve months. This suggests a possible upside of 72.7% from the stock's current price.
View analysts' price targets for Phillips 66 Partners.

Phillips 66 Partners saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,190,000 shares, an increase of 25.2% from the August 15th total of 950,800 shares. Based on an average trading volume of 860,100 shares, the short-interest ratio is currently 1.4 days. Approximately 2.2% of the shares of the stock are short sold.
View Phillips 66 Partners' Short Interest.

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), NuStar Energy (NS), Plains GP (PAGP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), 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), Phillips 66 (PSX), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Pfizer (PFE), Intel (INTC) and Wells Fargo & Company (WFC).

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 retail and institutional investors. Top institutional investors include Alps Advisors Inc. (3.86%), Goldman Sachs Group Inc. (1.53%), Blackstone Group Inc (1.03%), Kayne Anderson Capital Advisors LP (1.02%), Chickasaw Capital Management LLC (0.80%) and UBS Group AG (0.47%). 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 Alps Advisors Inc., Kayne Anderson Capital Advisors LP, Goldman Sachs Group Inc., Miller Howard Investments Inc. NY, Bank of America Corp DE, Tiedemann Advisors LLC, Russell Investments Group Ltd., and Sumitomo Mitsui Trust Holdings Inc..
View insider buying and selling activity for Phillips 66 Partners.

PSXP stock was bought by a variety of institutional investors in the last quarter, including Blackstone Group Inc, CIBC Private Wealth Group LLC, Neuberger Berman Group LLC, Bank of Montreal Can, Barclays PLC, Chickasaw Capital Management LLC, HITE Hedge Asset Management LLC, and Advisors Capital Management LLC. 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 $24.58.

Phillips 66 Partners has a market capitalization of $5.61 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]