NYSE:PSXPPhillips 66 Partners Stock Price, Forecast & News

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 (WHO). Since then, PSXP shares have decreased by 22.7% and is now trading at $31.04. 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) issued its quarterly earnings results on Friday, May, 1st. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 54.94% and a return on equity of 45.19%. The business's revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm 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 paid 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 11.28%. The ex-dividend date of this dividend is Thursday, April 30th. View Phillips 66 Partners' dividend history.

10 brokers have issued 12-month price targets for Phillips 66 Partners' shares. Their forecasts range from $36.00 to $62.00. On average, they expect Phillips 66 Partners' stock price to reach $48.80 in the next twelve months. This suggests a possible upside of 57.2% from the stock's current price. View analysts' price targets for Phillips 66 Partners.

News stories about PSXP stock have trended somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Phillips 66 Partners earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Phillips 66 Partners.

Phillips 66 Partners saw a increase in short interest in 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 trading volume, of 721,800 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.3% of the shares of the stock are sold short. 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 a number of institutional and retail investors. Top institutional investors 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 purchased 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 $31.04.

Phillips 66 Partners has a market capitalization of $7.09 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]