Analysts expect Phillips 66 Partners LP (NYSE:PSXP) to report $0.89 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Phillips 66 Partners’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.77. Phillips 66 Partners posted earnings of $0.65 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.9%. The company is scheduled to issue its next quarterly earnings results on Friday, February 2nd.

On average, analysts expect that Phillips 66 Partners will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.51 to $2.69. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.32 per share, with EPS estimates ranging from $2.28 to $4.44. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Phillips 66 Partners.

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

Several research firms have issued reports on PSXP. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price target (down previously from $61.00) on shares of Phillips 66 Partners in a research note on Monday, September 25th. Jefferies Group reissued a “hold” rating and issued a $51.00 price target on shares of Phillips 66 Partners in a research note on Monday, October 16th. BidaskClub raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Goldman Sachs Group raised Phillips 66 Partners from a “sell” rating to a “neutral” rating and set a $59.00 price target on the stock in a research note on Tuesday, October 17th. Finally, Citigroup lifted their price target on Phillips 66 Partners from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Phillips 66 Partners currently has an average rating of “Buy” and a consensus price target of $58.89.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Phillips 66 Partners by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,342 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 234 shares during the period. Signature Financial Management Inc. bought a new position in Phillips 66 Partners during the second quarter worth about $202,000. Beaumont Financial Partners LLC bought a new position in Phillips 66 Partners during the second quarter worth about $217,000. Johnson Financial Group LLC bought a new position in Phillips 66 Partners during the third quarter worth about $217,000. Finally, Proficio Capital Partners LLC grew its holdings in Phillips 66 Partners by 8.2% during the second quarter. Proficio Capital Partners LLC now owns 4,676 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 354 shares during the period. Institutional investors own 37.22% of the company’s stock.

Shares of Phillips 66 Partners (NYSE:PSXP) opened at $46.74 on Friday. Phillips 66 Partners has a 12 month low of $44.18 and a 12 month high of $58.00. The company has a market capitalization of $5,763.73, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.64.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a $0.646 dividend. This is a boost from Phillips 66 Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.58 annualized dividend and a dividend yield of 5.53%. Phillips 66 Partners’s dividend payout ratio (DPR) is presently 108.86%.

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