Ameriprise Financial Inc. lowered its holdings in Phillips 66 Partners LP (NYSE:PSXP) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,132 shares of the oil and gas company’s stock after selling 53 shares during the period. Ameriprise Financial Inc.’s holdings in Phillips 66 Partners were worth $303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signature Financial Management Inc. bought a new stake in Phillips 66 Partners during the 2nd quarter worth approximately $202,000. Proficio Capital Partners LLC increased its holdings in 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 worth $231,000 after acquiring an additional 354 shares during the period. Keybank National Association OH increased its holdings in Phillips 66 Partners by 5.9% during the 2nd quarter. Keybank National Association OH now owns 5,105 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 285 shares during the period. Creative Planning increased its holdings in Phillips 66 Partners by 105.6% during the 2nd quarter. Creative Planning now owns 5,883 shares of the oil and gas company’s stock worth $291,000 after acquiring an additional 3,022 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Phillips 66 Partners by 135.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,300 shares of the oil and gas company’s stock worth $361,000 after acquiring an additional 4,200 shares during the period. 36.89% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the stock. BidaskClub cut shares of Phillips 66 Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $63.00 price target on shares of Phillips 66 Partners in a research note on Friday, July 28th. Morgan Stanley reissued an “overweight” rating on shares of Phillips 66 Partners in a research note on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) raised shares of Phillips 66 Partners from a “sell” rating to a “neutral” rating and set a $59.00 price target for the company in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price target on shares of Phillips 66 Partners in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Phillips 66 Partners presently has an average rating of “Buy” and an average price target of $59.38.

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Shares of Phillips 66 Partners LP (NYSE PSXP) opened at $47.24 on Thursday. Phillips 66 Partners LP has a 12 month low of $43.23 and a 12 month high of $58.00. The stock has a market cap of $5,653.24, a price-to-earnings ratio of 19.63, a PEG ratio of 1.48 and a beta of 1.52. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.28.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings data 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). Phillips 66 Partners had a net margin of 42.19% and a return on equity of 23.56%. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $236.18 million. During the same period last year, the company posted $0.57 EPS. Phillips 66 Partners’s revenue for the quarter was up 69.8% on a year-over-year basis. analysts forecast that Phillips 66 Partners LP will post 2.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a $0.646 dividend. This is a boost 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 dividend yield of 5.47%. Phillips 66 Partners’s dividend payout ratio is 108.86%.

Phillips 66 Partners Company Profile

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Institutional Ownership by Quarter for Phillips 66 Partners (NYSE:PSXP)

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