Analysts expect that Phillips 66 Partners LP (NYSE:PSXP) will announce sales of $341.12 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Phillips 66 Partners’ earnings, with estimates ranging from $301.20 million to $382.07 million. Phillips 66 Partners posted sales of $228.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 49.6%. The company is scheduled to issue its next earnings results on Friday, February 2nd.

On average, analysts expect that Phillips 66 Partners will report full-year sales of $341.12 million for the current fiscal year, with estimates ranging from $922.52 million to $1.10 billion. For the next financial year, analysts forecast that the company will report sales of $1.35 billion per share, with estimates ranging from $1.02 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Phillips 66 Partners.

Phillips 66 Partners (NYSE:PSXP) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $236.18 million. During the same quarter in the previous year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 69.8% on a year-over-year basis.

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

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in Phillips 66 Partners by 17.7% during the third quarter. Alps Advisors Inc. now owns 3,779,089 shares of the oil and gas company’s stock valued at $198,629,000 after purchasing an additional 568,798 shares in the last quarter. RR Advisors LLC bought a new stake in Phillips 66 Partners during the third quarter valued at about $23,677,000. JPMorgan Chase & Co. boosted its position in Phillips 66 Partners by 33.9% during the third quarter. JPMorgan Chase & Co. now owns 851,747 shares of the oil and gas company’s stock valued at $44,955,000 after purchasing an additional 215,461 shares in the last quarter. ING Groep NV bought a new stake in Phillips 66 Partners during the third quarter valued at about $10,880,000. Finally, BP Capital Fund Advisors LLC bought a new stake in Phillips 66 Partners during the second quarter valued at about $8,908,000. Hedge funds and other institutional investors own 37.22% of the company’s stock.

Phillips 66 Partners (NYSE:PSXP) traded up $0.46 during mid-day trading on Friday, reaching $47.20. The company’s stock had a trading volume of 235,761 shares, compared to its average volume of 286,825. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.64. Phillips 66 Partners has a twelve month low of $44.18 and a twelve month high of $58.00. The stock has a market capitalization of $5,738.20, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.646 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.58 annualized dividend and a dividend yield of 5.47%. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.62. Phillips 66 Partners’s dividend payout ratio (DPR) is currently 108.86%.

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