NYSE:PSXPPhillips 66 Partners Stock Price, Forecast & News

Phillips 66 Partners' stock was trading at $40.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PSXP stock has increased by 11.2% and is now trading at $44.68. View which stocks have been most impacted by Coronavirus.

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.

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.

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

Phillips 66 Partners announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 1st will be paid a dividend of $0.875 per share on Thursday, May 14th. This represents a $3.50 annualized dividend and a yield of 7.83%. The ex-dividend date is Thursday, April 30th. View Phillips 66 Partners' dividend history.

10 Wall Street analysts have issued 1-year target prices for Phillips 66 Partners' stock. Their forecasts range from $43.00 to $62.00. On average, they anticipate Phillips 66 Partners' share price to reach $50.70 in the next year. This suggests a possible upside of 13.5% from the stock's current price. View analysts' price targets for Phillips 66 Partners.

Media headlines about PSXP stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Phillips 66 Partners earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news 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.

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 days-to-cover ratio is currently 1.8 days. Approximately 3.0% of the company's shares are short sold. View Phillips 66 Partners' Current Options Chain.

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), NuStar Energy (NS), Plains GP (PAGP), 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.

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).

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 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.

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.

PSXP stock was purchased 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.

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 $44.68.

Phillips 66 Partners has a market capitalization of $10.20 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]