Key Equity Research Analysts at Citigroup Reiterated their ‘”Buy”’ rating for Phillips 66 Partners (NYSE:PSXP) Shares Today. Their Target is $60

July 18, 2017 - By Nellie Frank

 Key Equity Research Analysts at Citigroup Reiterated their ‘

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 1.30, from 2.39 in 2016Q3. It worsened, as 19 investors sold Phillips 66 Partners LP shares while 37 reduced holdings. 19 funds opened positions while 42 raised stakes. 41.06 million shares or 4.19% more from 39.40 million shares in 2016Q3 were reported.

Kcg Hldg has invested 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Ftb Advsr Inc reported 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Endowment Management Limited Partnership holds 0.09% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 11,730 shares. Mai Cap Management accumulated 0.19% or 55,087 shares. Grp One Trading Lp has invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Solaris Asset Ltd Llc owns 232 shares. Glenmede Trust Na, Pennsylvania-based fund reported 16,680 shares. Ameriprise has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Virtu Finance, New York-based fund reported 4,817 shares. Cambridge Rech Advisors has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Waddell & Reed Finance Inc reported 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Bluefin Trading Ltd Llc stated it has 0.11% in Phillips 66 Partners LP (NYSE:PSXP). 13,880 were accumulated by Stifel Financial Corporation. Bb&T Corporation reported 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Thompson Davis & reported 0.04% stake.

Phillips 66 Partners (NYSE:PSXP) Rating Reaffirmed

In a note shared with investors this morning, Citigroup restate their “Buy” rating on Phillips 66 Partners (NYSE:PSXP) shares. The target price would indicate a possible upside of 16.66 % from company’s previous close.

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 1.30, from 2.39 in 2016Q3. It worsened, as 19 investors sold Phillips 66 Partners LP shares while 37 reduced holdings. 19 funds opened positions while 42 raised stakes. 41.06 million shares or 4.19% more from 39.40 million shares in 2016Q3 were reported.

Kcg Hldg has invested 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Ftb Advsr Inc reported 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Endowment Management Limited Partnership holds 0.09% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 11,730 shares. Mai Cap Management accumulated 0.19% or 55,087 shares. Grp One Trading Lp has invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Solaris Asset Ltd Llc owns 232 shares. Glenmede Trust Na, Pennsylvania-based fund reported 16,680 shares. Ameriprise has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Virtu Finance, New York-based fund reported 4,817 shares. Cambridge Rech Advisors has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Waddell & Reed Finance Inc reported 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Bluefin Trading Ltd Llc stated it has 0.11% in Phillips 66 Partners LP (NYSE:PSXP). 13,880 were accumulated by Stifel Financial Corporation. Bb&T Corporation reported 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Thompson Davis & reported 0.04% stake.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 14 analysts covering Phillips 66 Partners (NYSE:PSXP), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Phillips 66 Partners has $81 highest and $5400 lowest target. $66.83’s average target is 29.94% above currents $51.43 stock price. Phillips 66 Partners had 22 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup upgraded the stock to “Buy” rating in Wednesday, January 25 report. On Thursday, August 18 the stock rating was initiated by Stifel Nicolaus with “Buy”. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Buy” rating given on Monday, June 19 by RBC Capital Markets. The firm has “Buy” rating given on Monday, July 17 by Citigroup. The rating was downgraded by Goldman Sachs on Thursday, December 15 to “Sell”. As per Thursday, February 25, the company rating was initiated by Morgan Stanley. The firm has “Neutral” rating given on Thursday, August 25 by Goldman Sachs. The firm earned “Hold” rating on Thursday, June 1 by Jefferies. On Monday, October 10 the stock rating was maintained by with “Buy”. The stock has “Market Perform” rating by Wells Fargo on Tuesday, May 3.

The stock increased 0.61% or $0.31 on July 17, reaching $51.43. About shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since July 18, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.

Investors wait Phillips 66 Partners LP (NYSE:PSXP) to report on August, 4. its quarterly earnings Wall Street analysts expect $0.76 earnings per share, up $0.25 or 49.02 % from last year’s $0.51 same quarter earnings. This translates into $84.08 million profit for PSXP giving the stock a 16.92 P/E. This is assuming the current $0.76 EPS is accurate. Phillips 66 Partners LP’s Wall Street analysts see 26.67 % EPS growth, taking into account the $0.60 EPS reproted in the previous quarter,

Phillips 66 Partners LP owns, operates, develops and acquires fee crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The company has market cap of $5.69 billion.

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