Phillips 66 Partners LP (NYSE:PSXP) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Phillips 66 Partners in a research report on Tuesday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 Partners has a consensus rating of “Hold” and an average price target of $58.33.

Analyst Recommendations for Phillips 66 Partners (NYSE:PSXP)

Shares of Phillips 66 Partners (PSXP) traded up 2.31% during trading on Friday, hitting $48.68. 399,360 shares of the stock traded hands. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 20.83 and a beta of 1.51. Phillips 66 Partners has a 1-year low of $42.47 and a 1-year high of $58.00. The firm has a 50-day moving average of $50.13 and a 200-day moving average of $51.48.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.65 by $0.05. The company had revenue of $234 million during the quarter, compared to the consensus estimate of $217.56 million. Phillips 66 Partners had a return on equity of 22.31% and a net margin of 46.38%. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities analysts forecast that Phillips 66 Partners will post $2.96 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in Phillips 66 Partners by 233.1% in the first quarter. Creative Planning now owns 2,861 shares of the oil and gas company’s stock valued at $147,000 after buying an additional 2,002 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in Phillips 66 Partners during the first quarter valued at about $159,000. Investment House LLC acquired a new stake in Phillips 66 Partners during the first quarter valued at about $200,000. Keybank National Association OH raised its stake in Phillips 66 Partners by 4.9% in the fourth quarter. Keybank National Association OH now owns 4,420 shares of the oil and gas company’s stock valued at $215,000 after buying an additional 205 shares during the period. Finally, Homrich & Berg acquired a new stake in Phillips 66 Partners during the first quarter valued at about $232,000. 42.40% of the stock is currently owned by institutional investors.

Phillips 66 Partners Company Profile

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