Brokerages expect Phillips 66 Partners LP (NYSE:PSXP) to announce earnings per share of $0.68 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Phillips 66 Partners’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.54. Phillips 66 Partners reported earnings per share of $0.57 in the same quarter last year, which suggests a positive year-over-year growth rate of 19.3%. The business is scheduled to announce its next earnings report before the market opens on Friday, October 27th.

On average, analysts expect that Phillips 66 Partners will report full year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.63 to $2.91. For the next year, analysts expect that the business will post earnings of $3.53 per share, with EPS estimates ranging from $2.93 to $4.36. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Phillips 66 Partners.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). The business had revenue of $234.00 million for the quarter, compared to the consensus estimate of $235.69 million. Phillips 66 Partners had a net margin of 45.35% and a return on equity of 23.01%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share.

A number of analysts have weighed in on the stock. Stifel Nicolaus set a $63.00 price target on shares of Phillips 66 Partners and gave the company a “buy” rating in a report on Saturday, June 24th. BidaskClub raised shares of Phillips 66 Partners from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price target on shares of Phillips 66 Partners in a report on Tuesday, October 3rd. Barclays PLC raised shares of Phillips 66 Partners from an “equal weight” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Tuesday, July 18th. Finally, Citigroup Inc. reduced their price target on shares of Phillips 66 Partners from $63.00 to $60.00 and set a “buy” rating for the company in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $57.86.

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Shares of Phillips 66 Partners (NYSE:PSXP) traded up 0.02% on Wednesday, hitting $53.35. The stock had a trading volume of 259,994 shares. Phillips 66 Partners has a 12 month low of $42.47 and a 12 month high of $58.00. The company has a market cap of $5.90 billion, a P/E ratio of 22.00 and a beta of 1.54. The company’s 50 day moving average price is $50.08 and its 200-day moving average price is $50.00.

Large investors have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its holdings in shares of Phillips 66 Partners by 1.6% during the 2nd quarter. Diversified Trust Co now owns 24,029 shares of the oil and gas company’s stock worth $1,188,000 after acquiring an additional 382 shares during the period. Samson Capital Management LLC lifted its holdings in shares of Phillips 66 Partners by 5.4% during the 2nd quarter. Samson Capital Management LLC now owns 110,635 shares of the oil and gas company’s stock worth $5,468,000 after acquiring an additional 5,681 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Phillips 66 Partners by 23.9% during the 1st quarter. Neuberger Berman Group LLC now owns 9,877 shares of the oil and gas company’s stock worth $507,000 after acquiring an additional 1,903 shares during the period. Spirit of America Management Corp NY lifted its holdings in shares of Phillips 66 Partners by 9.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 458,439 shares of the oil and gas company’s stock worth $22,656,000 after acquiring an additional 39,600 shares during the period. Finally, Miller Howard Investments Inc. NY lifted its holdings in shares of Phillips 66 Partners by 47.6% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 517,942 shares of the oil and gas company’s stock worth $25,597,000 after acquiring an additional 167,049 shares during the period. 43.02% of the stock is owned by institutional investors.

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