It’s been a crucial week for Phillips 66 Partners LP (NYSE:PSXP); here’s what analysts have to say.

Investors sentiment increased to 1.54 in Q1 2019. Its up 0.17, from 1.37 in 2018Q4. It improved, as 11 investors sold Phillips 66 Partners LP shares while 39 reduced holdings. 31 funds opened positions while 46 raised stakes. 47.35 million shares or 2.21% more from 46.33 million shares in 2018Q4 were reported.
Moreover, Signaturefd Limited Company has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP). Cwm Llc accumulated 2,000 shares. Salient Ltd Liability Com, Texas-based fund reported 1.66M shares. Captrust Financial Advsrs reported 16,215 shares. Guggenheim Ltd owns 0.02% invested in Phillips 66 Partners LP (NYSE:PSXP) for 39,516 shares. State Of New Jersey Common Pension Fund D owns 158,080 shares. Lazard Asset Mgmt Lc has invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Alliancebernstein Limited Partnership owns 5,000 shares or 0% of their US portfolio. Toth Advisory owns 10,767 shares or 0.13% of their US portfolio. Cushing Asset L P owns 1.28M shares or 2.27% of their US portfolio. Farr Miller And Washington Ltd Company Dc reported 4,800 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.38% in Phillips 66 Partners LP (NYSE:PSXP). Silvercrest Asset Management Grp Limited Liability Co holds 74,499 shares. Monetary Mgmt Gp has 2,000 shares. Goodwin Daniel L reported 9,000 shares.

Since May 24, 2019, it had 2 buys, and 0 insider sales for $486,692 activity.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 3 analysts covering Phillips 66 Partners (NYSE:PSXP), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Phillips 66 Partners has $60 highest and $52 lowest target. $56’s average target is 8.15% above currents $51.78 stock price. Phillips 66 Partners had 7 analyst reports since March 8, 2019 according to SRatingsIntel. The company was maintained on Wednesday, March 13 by J.P. Morgan. Wells Fargo maintained Phillips 66 Partners LP (NYSE:PSXP) rating on Friday, March 8. Wells Fargo has “Hold” rating and $52 target. Below is a list of Phillips 66 Partners LP (NYSE:PSXP) latest ratings and price target changes.

02/08/2019 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
06/06/2019 Broker: Mizuho Rating: Buy New Target: $56.0000 Initiates Coverage On
10/05/2019 Broker: BidaskScore Rating: Sell Upgrade
17/04/2019 Broker: BidaskScore Rating: Sell Downgrade
21/03/2019 Broker: BidaskScore Rating: Buy Upgrade
13/03/2019 Broker: J.P. Morgan Rating: Hold New Target: $60 Maintain
08/03/2019 Broker: Wells Fargo Rating: Hold New Target: $52 Maintain

The stock increased 0.12% or $0.06 during the last trading session, reaching $51.78. About 266,892 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.06% since August 15, 2018 and is downtrending. It has underperformed by 2.06% 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 $6.47 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 12.14 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Seekingalpha.com which released: “Energy Transfer Teams Up With Phillips 66 Partners In Louisiana – Seeking Alpha” on January 15, 2019, also Seekingalpha.com with their article: “Phillips 66 Posts Stellar 2018 Performance But Tricky Road Ahead – Seeking Alpha” published on February 10, 2019, Benzinga.com published: “Phillips 66 Downgraded By Morgan Stanley On Valuation – Benzinga” on September 28, 2018. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Finance.Yahoo.com and their article: “Phillips 66 Partners LP (PSXP) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on August 01, 2019 as well as Seekingalpha.com‘s news article titled: “Phillips 66, Phillips 66 Partners to eliminate IDRs – Seeking Alpha” with publication date: July 26, 2019.

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

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