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Phillips 66 Partners LP (PSXP)

Stock Price: $27.64 USD 0.85 (3.17%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
After-hours: $27.80 +0.16 (0.58%) Feb 24, 5:40 PM
Market Cap 6.37B
Revenue (ttm) 1.66B
Net Income (ttm) 904.00M
Shares Out 228.34M
EPS (ttm) 3.27
PE Ratio 8.46
Forward PE 6.96
Dividend $3.50
Dividend Yield 12.66%
Trading Day February 24
Last Price $27.64
Previous Close $26.79
Change ($) 0.85
Change (%) 3.17%
Day's Open 27.07
Day's Range 26.98 - 28.43
Day's Volume 1,967,452
52-Week Range 16.90 - 52.96

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Seeking Alpha - 3 weeks ago

Phillips 66 Partners LP (PSXP) Management on Q4 2020 Results - Earnings Call Transcript

Other stocks mentioned: PSX
InvestorPlace - 3 weeks ago

Insider buying is often a profitable signal for bulls. Insiders only buy for one reason: they believe their company's stock is going higher.

Other stocks mentioned: CUE, GNTY, HCDI, LNDC, RILY, VGR
Business Wire - 3 weeks ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces fourth-quarter 2020 earnings of $104 million, or $0.40 per diluted common unit.

The Motley Fool - 1 month ago

Looking for growth stocks and don't mind risk? Consider these three stocks with huge upside.

Other stocks mentioned: DOCU, SQ
Business Wire - 1 month ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2020 cash distribution of $0.875 per commo...

Seeking Alpha - 1 month ago

Previously unlikely, Democrat control of Congress assuredly means higher taxes are coming. Corporate tax rates are going up as well as taxes on dividends for high income individuals under the ...

Other stocks mentioned: AM, BIP, CQP, DCP, ENB, EPD, ET, MMP, MPLX, PAA, SHLX, TRP, WES, WMB
The Motley Fool - 1 month ago

These 10 stocks could be great buys if the real estate and energy sectors recover next year.

Other stocks mentioned: AM, CIM, ET, IEP, LUMN, MPLX, SHLX, STWD, SUN
Business Wire - 2 months ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EST on Friday, Jan. 29, to discuss the partnership's fourth-quart...

InvestorPlace - 3 months ago

If Joe Biden wins on Election Day, election stocks in these five industries could hit bad times. Tread carefully as voters head to the polls.

Other stocks mentioned: ARCH, BTU, CCL, CCR, RCL, JNJ, LYFT, MRK, NCLH, PFE, UBER, XOM
GuruFocus - 3 months ago

The oil and gas market has experienced a turbulent period over the last six months. Oil prices have plunged despite continuous production cuts by OPEC.

Other stocks mentioned: MMP, SHLX
Seeking Alpha - 3 months ago

Phillips 66 Partners LP (PSXP) Management on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: PSX
Business Wire - 3 months ago

HOUSTON--(BUSINESS WIRE)-- #earnings--Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2020 earnings of $206 million, or $0.85 per diluted common unit. Cash from operations was $29...

Business Wire - 4 months ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners announces that its board of directors declared a third-quarter 2020 cash distribution of $0.875 per common unit.

Seeking Alpha - 4 months ago

I bought units of PSXP for tax-advantaged MLP income and what appeared to be an excellent dividend growth platform.

InvestorPlace - 4 months ago

It may not be for several years energy stocks retrace their pre-pandemic price levels. But, with high-yields while you wait, and the opportunity for long-term upside, consider these five MLPs ...

Other stocks mentioned: EPD, MMP, SPH, SUN
Business Wire - 5 months ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) announces that its subsidiary Gray Oak Pipeline, LLC (“Gray Oak”) is launching an open season to solicit shipper commitments for ser...

Zacks Investment Research - 5 months ago

Phillips 66 Partners LP (PSXP) reported earnings 30 days ago. What's next for the stock?

Seeking Alpha - 6 months ago

Phillips 66 Partners LP (PSXP) Q2 2020 Results - Earnings Call Transcript

Other stocks mentioned: PSX
Business Wire - 6 months ago

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2020 earnings of $255 million, or $1.05 per diluted common unit. Cash from operations was $215 million, ...

24/7 Wall Street - 7 months ago

Summertime always means one thing in the United States: summer vacation. This year is profoundly different around the nation due to the COVID-19 pandemic.

Other stocks mentioned: HEP, PSX, VLO
InvestorPlace - 7 months ago

Natural gas is down bad for 2020, meaning big upside potential, if they recover. Here are 9 natural gas stocks to watch for bold investors.

Other stocks mentioned: APA, COG, EPD, EQT, LNG, MMP, PBA, RDS.A, RDS.B
Reuters - 7 months ago

Large investors in the Dakota Access Pipeline, including Phillips 66 , could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the owners of the major a...

Other stocks mentioned: PSX
The Motley Fool - 7 months ago

Dual shocks are weighing on the pipeline sector.

Other stocks mentioned: CEQP, ET, OKE
Zacks Investment Research - 8 months ago

Phillips 66 Partners LP (PSXP) reported earnings 30 days ago. What's next for the stock?

Seeking Alpha - 9 months ago

Phillips 66 Partners LP (PSXP) Q1 2020 Results - Earnings Call Transcript

Other stocks mentioned: PSX
The Motley Fool - 10 months ago

The outlook for crude oil prices as well as broader markets is highly uncertain. Here are three oil stocks to buy in these volatile times.

Other stocks mentioned: EPD, PSX, TRP
The Motley Fool - 10 months ago

But they have a secret weapon against low oil prices.

Other stocks mentioned: ENB, EPD, ET
The Motley Fool - 10 months ago

The oil price crash is destroying the weakest companies in the industry...so buy the strongest.

Other stocks mentioned: PSX, XOM
The Motley Fool - 10 months ago

Energy companies are deferring growth projects and suspending buybacks so they can maintain their dividends during these turbulent times.

Other stocks mentioned: CVX, PSX
Zacks Investment Research - 11 months ago

A safer way of playing the sector would be to utilize Master Limited Partnerships (MLPs), which offer considerable returns at significantly lower risk.

Other stocks mentioned: BPMP, CVX, EOG, PXD, XOM
Zacks Investment Research - 11 months ago

Phillips 66 Partners LP (PSXP) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 1 year ago

Muted Outlook for Oil & Gas Refining & Marketing MLP Industry

Other stocks mentioned: GLP, SUN, WES
The Motley Fool - 1 year ago

Phillips 66 Partners strikes a deal to add another new project to its expansion backlog.

The Motley Fool - 1 year ago

Phillips 66 Partners has ample fuel to keep increasing its high-yielding payout.

The Motley Fool - 1 year ago

Phillips 66 Partners' organic expansion program is growing its earnings and cash flow, supporting continued dividend increases.

Other stocks mentioned: PSX
Seeking Alpha - 1 year ago

Phillips 66 Partners LP (PSXP) on Q4 2019 Results - Earnings Call Transcript

Other stocks mentioned: PSX
Zacks Investment Research - 1 year ago

WES vs. PSXP: Which Stock Is the Better Value Option?

Other stocks mentioned: WES
Seeking Alpha - 1 year ago

Expect insider filing volumes to increase again in the first week of February and stay strong through the end of March.

Other stocks mentioned: BTN, CMD, PNC, PPR, SAFE
The Motley Fool - 1 year ago

These companies offer investors high yields and a whole lot more.

Other stocks mentioned: CEQP, ENB, MMP, PAA
The Motley Fool - 1 year ago

From global investment firms to energy sector niche players, all of these companies delivered great returns, and are yielding more than 3%.

Other stocks mentioned: APO, BIP, BX, CG, MBT, SO, STX, TRP, WDC
InvestorPlace - 1 year ago

As economic growth continues, so will growth for industrial stocks. As such, these seven companies in particular should see significant gains in 2020.

Other stocks mentioned: CWST, GLDD, IESC, KBR, RSG, SMED
The Motley Fool - 1 year ago

Several energy stocks finished their transformation plans, positioning them to create value for investors in 2020 and beyond.

Other stocks mentioned: DVN, MPC, OKE, PSX, VLO
GuruFocus - 1 year ago

According to the  GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs.

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The Motley Fool - 1 year ago

Payout growth is a feature of these two, but the question investors need to ask is: from where? The answer will dictate which of these dividend payers you prefer.

Other stocks mentioned: NEP
The Motley Fool - 1 year ago

These oil stocks generate steady income no matter what happens with the price of crude oil.

Other stocks mentioned: ENB, EPD
The Motley Fool - 1 year ago

Phillips 66 Partners has two major growth projects coming online soon that should fuel big-time growth in 2020.

Other stocks mentioned: PSX
The Motley Fool - 1 year ago

Phillips 66 Partners' cash flow kept growing in the third quarter, enabling it to continue increasing its dividend.

Seeking Alpha - 1 year ago

Phillips 66 Partners LP (PSXP) Q3 2019 Results - Earnings Call Transcript

Other stocks mentioned: PSX
Forbes - 1 year ago

The Board of Directors of The Coca-Cola Company today announced the election of one new officer, along with declaring the company's regular quarterly dividend.

Other stocks mentioned: JNJ, KO, MAIN, SHW
Seeking Alpha - 1 year ago

Despite its slate of upcoming projects, Phillips 66 Partners is still a relatively smaller MLP.

Other stocks mentioned: PSX

About PSXP

Phillips 66 Partners LP owns, operates, develops, and acquires midstream assets. It offers transportation, terminaling, processing, and storage and fractionation of refined petroleum products and natural gas liquids. The company was founded in 2013 and is headquartered in Houston, Texas. Phillips 66 Partners LP operates as a subsidiary of Phillips 66.

Industry
Oil & Gas Midstream
Founded
2013
CEO
Gregory Garland
Country
United States
Stock Exchange
NYSE
Ticker Symbol
PSXP
Full Company Profile

Financial Performance

In 2019, PSXP's revenue was $1.67 billion, an increase of 12.18% compared to the previous year's $1.49 billion. Earnings were $923.00 million, an increase of 15.95%.

Financial Statements

Analyst Forecasts

According to 12 analysts, the average rating for PSXP stock is "Buy." The 12-month stock price forecast is 32.29, which is an increase of 16.82% from the latest price.

Price Target
$32.29
(16.82% upside)
Analyst Consensus: Buy