News stories about Phillips 66 Partners (NYSE:PSXP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.4133770200332 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks Investment Research Lowers Phillips 66 Partners (PSXP) to Sell (americanbankingnews.com)
- Critical Analysis: Phillips 66 Partners (PSXP) and Ship Finance International (SFL) (americanbankingnews.com)
- This Oil Stock Buys the Dip at Warren Buffett's Expense (finance.yahoo.com)
- Phillips 66 to Buy Back $3.3 Billion of Its Stock From Berkshire (finance.yahoo.com)
- Phillips 66 to buy back 35 mln shares from Berkshire Hathaway (finance.yahoo.com)
Phillips 66 Partners (NYSE:PSXP) traded up $0.09 on Friday, hitting $50.25. The company’s stock had a trading volume of 489,105 shares, compared to its average volume of 297,853. Phillips 66 Partners has a 1 year low of $44.40 and a 1 year high of $57.61. The firm has a market cap of $6,108.99, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.56.
Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.04). Phillips 66 Partners had a net margin of 44.16% and a return on equity of 26.73%. The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $316.00 million. During the same period in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts expect that Phillips 66 Partners will post 3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $0.678 dividend. This is a boost from Phillips 66 Partners’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.71 annualized dividend and a dividend yield of 5.40%. Phillips 66 Partners’s dividend payout ratio (DPR) is presently 106.27%.
Several analysts recently commented on the company. Bank of America assumed coverage on Phillips 66 Partners in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded Phillips 66 Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price target (up previously from $59.00) on shares of Phillips 66 Partners in a research note on Sunday, February 4th. Scotiabank reissued a “buy” rating and issued a $60.00 price target on shares of Phillips 66 Partners in a research note on Monday, January 29th. Finally, BidaskClub raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. 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. Phillips 66 Partners presently has an average rating of “Hold” and a consensus price target of $58.20.
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Phillips 66 Partners Company 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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