Phillips 66 Partners Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 Partners in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Phillips 66 Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSXP, but not buy additional shares or sell existing shares.
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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, May 7th 2021.
View our earnings forecast for Phillips 66 Partners.

Phillips 66 Partners LP (NYSE:PSXP) issued its quarterly earnings data on Thursday, January, 28th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.87 by $0.47. The oil and gas company had revenue of $390 million for the quarter, compared to analyst estimates of $390.12 million. Phillips 66 Partners had a net margin of 56.75% and a trailing twelve-month return on equity of 41.31%. During the same period in the prior year, the firm posted $1.06 EPS.
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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 29.1% and is now trading at $28.50.
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Phillips 66 Partners declared a quarterly dividend on Wednesday, January 20th. Investors of record on Friday, January 29th will be paid a dividend of $0.875 per share on Friday, February 12th. This represents a $3.50 dividend on an annualized basis and a yield of 12.28%. The ex-dividend date of this dividend is Thursday, January 28th. This is a positive change from Phillips 66 Partners's previous quarterly dividend of $0.37.
View Phillips 66 Partners' dividend history.

Phillips 66 Partners pays an annual dividend of $3.50 per share and currently has a dividend yield of 12.51%. PSXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Phillips 66 Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Phillips 66 Partners is 81.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Phillips 66 Partners will have a dividend payout ratio of 93.33% in the coming year. This indicates that Phillips 66 Partners may not be able to sustain their current dividend.
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12 brokers have issued 1 year price objectives for Phillips 66 Partners' stock. Their forecasts range from $27.00 to $52.00. On average, they expect Phillips 66 Partners' share price to reach $36.18 in the next twelve months. This suggests a possible upside of 27.0% 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), NuStar Energy (NS), Holly Energy Partners (HEP), Plains GP (PAGP), Noble Midstream Partners (NBLX), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), 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 variety of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.23%), Chickasaw Capital Management LLC (1.16%), Brookfield Asset Management Inc. (0.81%), Morgan Stanley (0.71%), Kayne Anderson Capital Advisors LP (0.70%) and Miller Howard Investments Inc. NY (0.17%). Company insiders that own Phillips 66 Partners stock include 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 Kayne Anderson Capital Advisors LP, Barclays PLC, Jennison Associates LLC, Wells Fargo & Company MN, Miller Howard Investments Inc. NY, Spirit of America Management Corp NY, NBW Capital LLC, and Teacher Retirement System of Texas.
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PSXP stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Chickasaw Capital Management LLC, Morgan Stanley, Infrastructure Capital Advisors LLC, ING Groep NV, JPMorgan Chase & Co., HighTower Advisors LLC, and Edge Capital Group LLC. Company insiders that have bought Phillips 66 Partners stock in the last two years include Kevin J Mitchell, Mark Haney, and Phillip David Bairrington.
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Shares of PSXP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSXP stock can currently be purchased for approximately $28.50.

Phillips 66 Partners has a market capitalization of $6.51 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 is headquartered at 2331 CityWest Blvd., Houston TX, 77042.

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 in[email protected]