NYSE:PSXP

Phillips 66 Partners Stock Forecast, Price & News

$22.45

-0.16 (-0.71 %)

(As of 09/29/2020 12:27 PM ET)

Add

Compare

Today's Range

$22.22

Now: $22.45▼

$22.77

50-Day Range

$22.02

MA: $25.96▼

$29.48

52-Week Range

$19.00

Now: $22.45▼

$65.22

Volume7,436 shs

Average Volume746,292 shs

Market Capitalization$5.13 billion

P/E Ratio5.67

Dividend Yield15.89%

Beta1.24

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids (NGL) pipelines, terminals, and other transportation and midstream assets. The company operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, New Mexico, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, Wyoming, and Montana; marine assets in Lake Charles, Bayway, and Wood River; and NGL assets in Texas and Louisiana. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP. The company was founded in 2013 and is headquartered in Houston, Texas. Phillips 66 Partners LP is a subsidiary of Phillips 66 Project Development Inc.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Phillips 66 Partners has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.44, Phillips 66 Partners has a forecasted upside of 89.7% from its current price of $22.38.
Amount of Analyst Coverage
Phillips 66 Partners has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Phillips 66 Partners has received 431 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Phillips 66 Partners has received 443 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Phillips 66 Partners has received 50.69% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Phillips 66 Partners and other stocks. Vote “Outperform” if you believe PSXP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PSXP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Phillips 66 Partners is a leading dividend payer. It pays a dividend yield of 15.89%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Phillips 66 Partners has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Phillips 66 Partners is 81.59%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Phillips 66 Partners will have a dividend payout ratio of 89.97% in the coming year. This indicates that Phillips 66 Partners may not be able to sustain their current dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips 66 Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 23.99% of the stock of Phillips 66 Partners is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Phillips 66 Partners are expected to grow by 6.28% in the coming year, from $3.66 to $3.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips 66 Partners is 5.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips 66 Partners is 5.65, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.06.
Price to Book Value per Share Ratio
Phillips 66 Partners has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.23 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:PSXP

Previous Symbol

CUSIPN/A

CIK1572910

Webwww.phillips66partners.com

Phone855-283-9237

Debt

Debt-to-Equity Ratio1.40

Current Ratio0.28

Quick Ratio0.25

Price-To-Earnings

Trailing P/E Ratio5.67

Forward P/E Ratio6.13

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.67 billion

Price / Sales3.08

Cash Flow$4.01 per share

Price / Cash Flow5.60

Book Value$9.18 per share

Price / Book2.45

Profitability

EPS (Most Recent Fiscal Year)$4.29

Net Income$923 million

Net Margins55.30%

Return on Equity43.10%

Return on Assets13.18%

Miscellaneous

EmployeesN/A

Outstanding Shares228,340,000

Market Cap$5.13 billion

Next Earnings Date10/30/2020 (Confirmed)

OptionableOptionable

$22.45

-0.16 (-0.71 %)

(As of 09/29/2020 12:27 PM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive PSXP News and Ratings via Email

Sign-up to receive the latest news and ratings for PSXP and its competitors with MarketBeat's FREE daily newsletter.

Phillips 66 Partners (NYSE:PSXP) Frequently Asked Questions

How has Phillips 66 Partners' stock been impacted by Coronavirus (COVID-19)?

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 stock has decreased by 44.1% and is now trading at $22.45.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Phillips 66 Partners?

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.

When is Phillips 66 Partners' next earnings date?

Phillips 66 Partners is scheduled to release its next quarterly earnings announcement on Friday, October 30th 2020.
View our earnings forecast for Phillips 66 Partners.

How can I listen to Phillips 66 Partners' earnings call?

Phillips 66 Partners will be holding an earnings conference call on Friday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Phillips 66 Partners' earnings last quarter?

Phillips 66 Partners LP (NYSE:PSXP) released its earnings results on Friday, July, 31st. The oil and gas company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.30. The oil and gas company had revenue of $430 million for the quarter, compared to analyst estimates of $361.25 million. Phillips 66 Partners had a net margin of 55.30% and a return on equity of 43.10%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share.
View Phillips 66 Partners' earnings history.

How often does Phillips 66 Partners pay dividends? What is the dividend yield for Phillips 66 Partners?

Phillips 66 Partners declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be given a dividend of $0.875 per share on Thursday, August 13th. This represents a $3.50 dividend on an annualized basis and a yield of 15.59%. The ex-dividend date of this dividend is Thursday, July 30th.
View Phillips 66 Partners' dividend history.

What price target have analysts set for PSXP?

9 analysts have issued twelve-month target prices for Phillips 66 Partners' shares. Their forecasts range from $34.00 to $58.00. On average, they expect Phillips 66 Partners' share price to reach $42.44 in the next twelve months. This suggests a possible upside of 89.1% from the stock's current price.
View analysts' price targets for Phillips 66 Partners.

Are investors shorting Phillips 66 Partners?

Phillips 66 Partners saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,190,000 shares, an increase of 25.2% from the August 15th total of 950,800 shares. Based on an average daily trading volume, of 860,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.2% of the shares of the company are sold short.
View Phillips 66 Partners' Short Interest.

Who are some of Phillips 66 Partners' key competitors?

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), Holly Energy Partners (HEP), NuStar Energy (NS), Plains GP (PAGP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all competitors.

What other stocks do shareholders of Phillips 66 Partners own?

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), Energy Transfer LP Unit (ET), Pfizer (PFE), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Intel (INTC).

Who are Phillips 66 Partners' key executives?

Phillips 66 Partners' management team includes the following people:

Mr. Greg C. Garland, Chairman & CEO of Phillips 66 Partners GP LLC (Age 62)
Mr. Kevin J. Mitchell, VP, CFO & Director of Phillips 66 Partners GP LLC (Age 53)
Mr. Chukwuemeka A. Oyolu, VP & Controller of Phillips 66 Partners GP LLC (Age 50)
Ms. Rosy Zuklic, VP & COO of Phillips 66 Partners GP LLC (Age 45)
Ms. Paula Ann Johnson, VP, Gen. Counsel & Sec. of Phillips 66 Partners GP LLC (Age 56)

What is Phillips 66 Partners' stock symbol?

Phillips 66 Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSXP."

How do I buy shares of 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.

What is Phillips 66 Partners' stock price today?

One share of PSXP stock can currently be purchased for approximately $22.45.

How big of a company is Phillips 66 Partners?

Phillips 66 Partners has a market capitalization of $5.13 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.

What is Phillips 66 Partners' official website?

The official website for Phillips 66 Partners is www.phillips66partners.com.

How can I contact Phillips 66 Partners?

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]

This page was last updated on 9/29/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings