Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $23.52 Million Holdings in Phillips 66 Partners LP (PSXP)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Phillips 66 Partners LP (NYSE:PSXP) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,553 shares of the oil and gas company’s stock after selling 2,544 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.37% of Phillips 66 Partners worth $23,523,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of PSXP. The Manufacturers Life Insurance Company lifted its holdings in shares of Phillips 66 Partners by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,342 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 234 shares during the last quarter. Signature Financial Management Inc. purchased a new stake in shares of Phillips 66 Partners during the 2nd quarter valued at $202,000. Johnson Financial Group LLC purchased a new stake in shares of Phillips 66 Partners during the 3rd quarter valued at $217,000. Beaumont Financial Partners LLC purchased a new stake in shares of Phillips 66 Partners during the 2nd quarter valued at $217,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Phillips 66 Partners by 8.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 4,676 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 354 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.
Several analysts have recently commented on the company. BidaskClub upgraded Phillips 66 Partners from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Citigroup Inc. increased their price objective on Phillips 66 Partners from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price objective (down previously from $61.00) on shares of Phillips 66 Partners in a report on Monday, September 25th. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price objective on shares of Phillips 66 Partners in a report on Monday, October 16th. Finally, Goldman Sachs Group Inc upgraded Phillips 66 Partners from a “sell” rating to a “neutral” rating and set a $59.00 price objective for the company in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Phillips 66 Partners presently has an average rating of “Buy” and an average target price of $58.89.
Shares of Phillips 66 Partners LP (PSXP) traded up $0.17 during mid-day trading on Monday, reaching $46.73. The company had a trading volume of 165,700 shares, compared to its average volume of 287,149. The stock has a market cap of $5,681.06, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.56. Phillips 66 Partners LP has a one year low of $43.31 and a one year high of $58.00.
Phillips 66 Partners (NYSE:PSXP) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The firm had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $236.18 million. Phillips 66 Partners had a return on equity of 23.56% and a net margin of 42.19%. The business’s revenue was up 69.8% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. equities analysts predict that Phillips 66 Partners LP will post 2.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were paid a $0.646 dividend. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, October 30th. This represents a $2.58 dividend on an annualized basis and a yield of 5.53%. Phillips 66 Partners’s dividend payout ratio (DPR) is 108.86%.
Phillips 66 Partners Profile
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