Phillips 66 Partners Stock Forecast, Price & 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. Since then, PSXP shares have decreased by 27.2% and is now trading at $29.24.
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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."
View analyst ratings for Phillips 66 Partners.

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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
View our earnings forecast for Phillips 66 Partners.

Phillips 66 Partners LP (NYSE:PSXP) issued its earnings results on Friday, October, 30th. The oil and gas company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The oil and gas company earned $394 million during the quarter, compared to the consensus estimate of $385.43 million. Phillips 66 Partners had a net margin of 55.30% and a return on equity of 43.10%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.875 per share on Friday, November 13th. This represents a $3.50 annualized dividend and a yield of 11.97%. The ex-dividend date is Thursday, October 29th.
View Phillips 66 Partners' dividend history.

9 equities research analysts have issued 1 year price targets for Phillips 66 Partners' stock. Their forecasts range from $27.00 to $52.00. On average, they expect Phillips 66 Partners' stock price to reach $37.89 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
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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), 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), Enterprise Products Partners (EPD), Phillips 66 (PSX), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Pfizer (PFE), Energy Transfer (ET), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Intel (INTC).

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 shareholders include Alps Advisors Inc. (3.80%), Tortoise Capital Advisors L.L.C. (2.19%), Blackstone Group Inc (1.35%), JPMorgan Chase & Co. (1.20%), Chickasaw Capital Management LLC (1.02%) and Energy Income Partners LLC (1.01%). 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., Energy Income Partners LLC, Kayne Anderson Capital Advisors LP, Neuberger Berman Group LLC, Morgan Stanley, Alps Advisors Inc., Jennison Associates LLC, and Dividend Assets Capital LLC.
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 CIBC Private Wealth Group LLC, Blackstone Group Inc, Chickasaw Capital Management LLC, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Cadence Capital Management LLC, Northeast Financial Consultants Inc, and LexAurum Advisors 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 $29.24.

Phillips 66 Partners has a market capitalization of $6.68 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]