Phillips 66 Partners Stock Forecast, Price & 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 shares have decreased by 23.4% and is now trading at $30.78.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 Partners in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Phillips 66 Partners stock.
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Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
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Phillips 66 Partners will be holding an earnings conference call on Friday, January 29th 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, October, 30th. The oil and gas company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. The oil and gas company had revenue of $394 million for the quarter, compared to analysts' expectations of $385.43 million. Phillips 66 Partners had a return on equity of 43.10% and a net margin of 55.30%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
View Phillips 66 Partners' earnings history.

Phillips 66 Partners announced a quarterly dividend on Tuesday, October 20th. Shareholders 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 11.37%. The ex-dividend date is Thursday, October 29th.
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 11.30%. PSXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 93.58% in the coming year. This indicates that Phillips 66 Partners may not be able to sustain their current dividend.
View Phillips 66 Partners' dividend history.

10 equities research analysts have issued 1 year target prices for Phillips 66 Partners' shares. Their forecasts range from $27.00 to $52.00. On average, they anticipate Phillips 66 Partners' share price to reach $37.00 in the next twelve months. This suggests a possible upside of 20.2% 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), Noble Midstream Partners (NBLX), 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 number of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (1.16%), Americana Partners LLC (0.00%) and Sowell Financial Services LLC (0.00%). 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 Americana Partners LLC.
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PSXP stock was purchased by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, and Sowell Financial Services 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.
View insider buying and selling activity for Phillips 66 Partners or or view top insider-buying stocks.

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.

One share of PSXP stock can currently be purchased for approximately $30.78.

Phillips 66 Partners has a market capitalization of $7.03 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]