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. Since then, PSXP shares have decreased by 25.6% and is now trading at $29.91. 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 31st 2020. View our earnings forecast for Phillips 66 Partners.

Phillips 66 Partners will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Phillips 66 Partners LP (NYSE:PSXP) posted its earnings results 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 had revenue of $404 million for the quarter, compared to the consensus estimate of $408.08 million. Phillips 66 Partners had a net margin of 54.94% and a return on equity of 45.19%. Phillips 66 Partners's quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. View Phillips 66 Partners' earnings history.

Phillips 66 Partners announced a quarterly dividend on Tuesday, April 21st. Shareholders 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 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date of this dividend is Thursday, April 30th. View Phillips 66 Partners' dividend history.

10 brokerages have issued 12 month target prices for Phillips 66 Partners' shares. Their forecasts range from $36.00 to $62.00. On average, they expect Phillips 66 Partners' share price to reach $48.80 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price. View analysts' price targets for Phillips 66 Partners.

Headlines about PSXP stock have trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Phillips 66 Partners earned a media sentiment score of -1.8 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 press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Phillips 66 Partners.

Phillips 66 Partners saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,810,000 shares, an increase of 8.4% from the June 15th total of 1,670,000 shares. Based on an average daily volume of 721,800 shares, the short-interest ratio is presently 2.5 days. Approximately 3.3% 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), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), 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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Groesbeck Investment Management Corp NJ (0.00%). 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 Envestnet Asset Management 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 Nelson Van Denburg & Campbell Wealth Management Group LLC, and Groesbeck Investment Management Corp NJ. 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 $29.91.

Phillips 66 Partners has a market capitalization of $6.83 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]