How Analysts Rated Phillips 66 Partners LP (NYSE:PSXP) Last Week?

September 8, 2018 - By Kristin Houston

Investors sentiment increased to 1.43 in Q1 2018. Its up 0.46, from 0.97 in 2017Q4. It increased, as 13 investors sold Phillips 66 Partners LP shares while 31 reduced holdings. 19 funds opened positions while 44 raised stakes. 45.71 million shares or 0.36% more from 45.55 million shares in 2017Q4 were reported.
Mariner Wealth invested in 0.02% or 6,000 shares. Farr Miller & Washington Limited Liability Dc holds 0.02% or 4,800 shares in its portfolio. Advisory Rech reported 1.24% in Phillips 66 Partners LP (NYSE:PSXP). Texas Yale has 79,205 shares for 0.33% of their portfolio. Citigroup reported 134,253 shares stake. Envestnet Asset invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Tower Research Ltd Limited Liability Company (Trc) accumulated 2,146 shares or 0.01% of the stock. Hightower Advsrs Limited Company has 62,567 shares for 0.03% of their portfolio. Stratos Wealth Prns Limited owns 649 shares or 0% of their US portfolio. Us Bancshares De accumulated 21,854 shares or 0% of the stock. Blackrock reported 172,616 shares. The New York-based Clearbridge Investments Limited Liability Com has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Salient Tru Lta has 20,717 shares. Nelson Van Denburg Campbell Wealth Mgmt Ltd Co holds 4,770 shares. Tiedemann Ltd Liability Co has 1.22% invested in Phillips 66 Partners LP (NYSE:PSXP) for 373,974 shares.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 8 analysts covering Phillips 66 Partners (NYSE:PSXP), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Phillips 66 Partners has $61 highest and $5000 lowest target. $55.81’s average target is 6.75% above currents $52.28 stock price. Phillips 66 Partners had 9 analyst reports since March 13, 2018 according to SRatingsIntel. Jefferies maintained Phillips 66 Partners LP (NYSE:PSXP) on Tuesday, April 24 with “Hold” rating. Citigroup maintained Phillips 66 Partners LP (NYSE:PSXP) rating on Tuesday, March 27. Citigroup has “Buy” rating and $56.5 target. The firm has “Buy” rating given on Monday, April 30 by Stifel Nicolaus. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Equal-Weight”. JP Morgan maintained it with “Overweight” rating and $61 target in Tuesday, March 13 report. On Friday, August 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Neutral” rating given on Friday, August 24 by JP Morgan. The firm has “Buy” rating by Bank of America given on Wednesday, August 1. Below is a list of Phillips 66 Partners LP (NYSE:PSXP) latest ratings and price target changes.

24/08/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $61 Downgrade
17/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $54 New Target: $55 Maintain
01/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $65 New Target: $59 Maintain
30/04/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $62 New Target: $57 Maintain
24/04/2018 Broker: Jefferies Rating: Hold New Target: $50.0000 Maintain
20/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $55 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $56 New Target: $53 Maintain
27/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $60 New Target: $56.5 Maintain
13/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $60 New Target: $61 Maintain

The stock increased 0.13% or $0.07 during the last trading session, reaching $52.28. About 311,246 shares traded or 3.28% up from the average. Phillips 66 Partners LP (NYSE:PSXP) has declined 1.78% since September 8, 2017 and is downtrending. It has underperformed by 14.35% the S&P500.

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $6.43 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 16.62 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

More recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Seekingalpha.com which released: “Q2 ’18 Recap And The Barbell Profile Of MLP Distribution Growth” on August 22, 2018. Also Fool.com published the news titled: “The Building Boom Continues as Another New Permian Basin Oil Pipeline Is Underway” on September 04, 2018. Seekingalpha.com‘s news article titled: “MLP Distribution Coverage: How And Why It’s Changed” with publication date: August 29, 2018 was also an interesting one.

Phillips 66 Partners LP (NYSE:PSXP) Institutional Positions Chart

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