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NYSE:PSXP

Phillips 66 Partners Stock Forecast, Price & News

$24.58
-0.67 (-2.65 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$24.35
Now: $24.58
$25.32
50-Day Range
$24.59
MA: $27.05
$31.16
52-Week Range
$19.00
Now: $24.58
$65.22
Volume1.23 million shs
Average Volume749,642 shs
Market Capitalization$5.61 billion
P/E Ratio6.21
Dividend Yield13.86%
Beta1.24
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone855-283-9237

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 billion
Cash Flow$4.39 per share
Book Value$9.18 per share

Profitability

Net Income$923 million

Miscellaneous

EmployeesN/A
Market Cap$5.61 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$24.58
-0.67 (-2.65 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Phillips 66 Partners (NYSE:PSXP) Frequently Asked Questions

How has Phillips 66 Partners' stock price been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

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

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."
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, October 23rd 2020.
View our earnings forecast for Phillips 66 Partners
.

How were Phillips 66 Partners' earnings last quarter?

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
.

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, 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
.

What price target have analysts set for PSXP?

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
.

Are investors shorting 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
.

Who are some of Phillips 66 Partners' key 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 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).

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 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
.

Which institutional investors are selling Phillips 66 Partners stock?

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
.

Which institutional investors are buying Phillips 66 Partners stock?

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
.

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 $24.58.

How big of a company is Phillips 66 Partners?

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.

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 9/19/2020 by MarketBeat.com Staff

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