Texas Yale Capital Corp. increased its position in Phillips 66 Partners LP (NYSE:PSXP) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,380 shares of the oil and gas company’s stock after buying an additional 23,674 shares during the quarter. Texas Yale Capital Corp.’s holdings in Phillips 66 Partners were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Phillips 66 Partners by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,342 shares of the oil and gas company’s stock worth $165,000 after buying an additional 234 shares during the period. Johnson Financial Group LLC purchased a new position in Phillips 66 Partners in the third quarter valued at about $217,000. Signature Financial Management Inc. raised its position in Phillips 66 Partners by 34.1% in the third quarter. Signature Financial Management Inc. now owns 5,500 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 1,400 shares during the period. Keybank National Association OH raised its position in Phillips 66 Partners by 71.1% in the third quarter. Keybank National Association OH now owns 8,735 shares of the oil and gas company’s stock valued at $459,000 after purchasing an additional 3,630 shares during the period. Finally, Alliancebernstein L.P. raised its position in Phillips 66 Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 11,199 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 627 shares during the period. 36.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Phillips 66 Partners LP (PSXP) opened at $49.26 on Monday. 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 firm has a market capitalization of $5,988.64, a PE ratio of 19.32, a PEG ratio of 1.30 and a beta of 1.39. Phillips 66 Partners LP has a 52 week low of $44.40 and a 52 week high of $57.61.

Phillips 66 Partners (NYSE:PSXP) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $331.00 million for the quarter, compared to analyst estimates of $316.00 million. Phillips 66 Partners had a net margin of 44.16% and a return on equity of 26.73%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. sell-side analysts predict that Phillips 66 Partners LP will post 3.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.678 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Phillips 66 Partners’s previous quarterly dividend of $0.65. This represents a $2.71 annualized dividend and a dividend yield of 5.51%. Phillips 66 Partners’s dividend payout ratio (DPR) is currently 106.27%.

Several research firms have commented on PSXP. Barclays cut their price objective on Phillips 66 Partners from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. BidaskClub raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $51.00 price objective on shares of Phillips 66 Partners in a research report on Monday, October 16th. Goldman Sachs Group raised Phillips 66 Partners from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, December 18th. Finally, Citigroup raised their price objective on Phillips 66 Partners from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.20.

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Phillips 66 Partners Profile

Phillips 66 Partners LP (Phillips 66) owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company’s assets consist of systems, such as Clifton Ridge Crude System, Eagle Ford Gathering System, Ponca Crude System, Billings Crude System, Borger Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Cross-Channel Connector Products System, Ponca Products System, Billings Products System, Bayway Products System, Standish Pipeline, Borger Products System, River Parish NGL System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Sand Hills/Southern Hills Joint Ventures, Explorer Pipeline Joint Venture, Bakken Joint Ventures, Bayou Bridge Pipeline Joint Venture, STACK Pipeline Joint Venture, and Sweeny Fractionator and Clemens Caverns.

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Institutional Ownership by Quarter for Phillips 66 Partners (NYSE:PSXP)

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