HighTower Advisors LLC raised its stake in Phillips 66 Partners LP (NYSE:PSXP) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,043 shares of the oil and gas company’s stock after buying an additional 2,308 shares during the period. HighTower Advisors LLC owned about 0.08% of Phillips 66 Partners worth $4,264,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its stake in shares of Phillips 66 Partners by 233.1% in the first quarter. Creative Planning now owns 2,861 shares of the oil and gas company’s stock valued at $147,000 after buying an additional 2,002 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Phillips 66 Partners during the first quarter valued at approximately $159,000. Investment House LLC bought a new stake in Phillips 66 Partners during the first quarter worth about $200,000. Keybank National Association OH increased its stake in Phillips 66 Partners by 4.9% in the fourth quarter. Keybank National Association OH now owns 4,420 shares of the oil and gas company’s stock worth $215,000 after buying an additional 205 shares in the last quarter. Finally, Homrich & Berg acquired a new position in shares of Phillips 66 Partners during the first quarter worth approximately $232,000. Hedge funds and other institutional investors own 42.40% of the company’s stock.
Phillips 66 Partners LP (NYSE:PSXP) traded up 1.03% on Wednesday, reaching $49.22. 84,982 shares of the company traded hands. The stock’s 50-day moving average is $49.37 and its 200-day moving average is $51.53. Phillips 66 Partners LP has a 1-year low of $42.47 and a 1-year high of $58.00. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 21.06 and a beta of 1.51.
Phillips 66 Partners (NYSE:PSXP) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $234 million during the quarter, compared to analysts’ expectations of $217.56 million. Phillips 66 Partners had a net margin of 46.38% and a return on equity of 22.31%. During the same period in the prior year, the company posted $0.44 EPS. Equities research analysts expect that Phillips 66 Partners LP will post $2.96 EPS for the current year.
A number of equities analysts recently weighed in on PSXP shares. Stifel Nicolaus set a $63.00 target price on shares of Phillips 66 Partners and gave the stock a “buy” rating in a research report on Saturday, June 24th. BidaskClub raised shares of Phillips 66 Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Phillips 66 Partners in a research report on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.33.
Phillips 66 Partners Company Profile
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