Several analysts have recently updated their ratings and price targets for Phillips 66 Partners (NYSE: PSXP):

  • 10/31/2017 – Phillips 66 Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/30/2017 – Phillips 66 Partners had its price target lowered by analysts at Stifel Nicolaus from $60.00 to $59.00. They now have a “buy” rating on the stock.
  • 10/30/2017 – Phillips 66 Partners had its price target lowered by analysts at Barclays PLC from $62.00 to $59.00. They now have an “overweight” rating on the stock.
  • 10/29/2017 – Phillips 66 Partners was given a new $59.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 10/25/2017 – Phillips 66 Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/25/2017 – Phillips 66 Partners had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $61.00 price target on the stock.
  • 10/18/2017 – Phillips 66 Partners was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/18/2017 – Phillips 66 Partners had its price target raised by analysts at Citigroup Inc. from $60.00 to $64.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – Phillips 66 Partners was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $59.00 price target on the stock.
  • 10/16/2017 – Phillips 66 Partners had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $51.00 price target on the stock.
  • 10/3/2017 – Phillips 66 Partners had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $63.00 price target on the stock.
  • 9/28/2017 – Phillips 66 Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/25/2017 – Phillips 66 Partners had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $60.00 price target on the stock, down previously from $61.00.
  • 9/5/2017 – Phillips 66 Partners had its “overweight” rating reaffirmed by analysts at Morgan Stanley.

Phillips 66 Partners (NYSE:PSXP) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). Phillips 66 Partners had a return on equity of 23.56% and a net margin of 42.19%. The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $236.18 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 69.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.646 per share. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.62. This represents a $2.58 annualized dividend and a yield of 5.13%. The ex-dividend date is Monday, October 30th. Phillips 66 Partners’s dividend payout ratio is presently 108.86%.

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