Are Analysts Bullish about Phillips 66 Partners LP (NYSE:PSXP) after last week?

Investors sentiment increased to 1.54 in 2019 Q1. Its up 0.17, from 1.37 in 2018Q4. It increased, as 11 investors sold Phillips 66 Partners LP shares while 39 reduced holdings. 31 funds opened positions while 46 raised stakes. 47.35 million shares or 2.21% more from 46.33 million shares in 2018Q4 were reported.
Signaturefd holds 1,725 shares or 0.01% of its portfolio. Income Prtnrs Limited Liability Co holds 2.03% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 2.27 million shares. Keybank National Association Oh holds 7,221 shares. Susquehanna Int Group Llp owns 7,200 shares for 0% of their portfolio. Invesco Ltd has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Walnut Private Equity Partners Ltd Liability Co holds 0.89% or 22,675 shares in its portfolio. Natixis accumulated 0% or 9,332 shares. Freestone Llc has invested 0.26% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). First Republic Invest Mngmt invested in 0.01% or 32,185 shares. Bnp Paribas Arbitrage holds 32,136 shares. The Washington-based Parametric Associates Limited Liability Company has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Moreover, Stephens Inc Ar has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP) for 4,540 shares. Farr Miller & Washington Limited Liability Dc has invested 0.02% in Phillips 66 Partners LP (NYSE:PSXP). Nelson Van Denburg Campbell Wealth Group Ltd Liability owns 0.06% invested in Phillips 66 Partners LP (NYSE:PSXP) for 4,990 shares. Goldman Sachs Grp holds 3.45M shares or 0.05% of its portfolio.

Since May 24, 2019, it had 2 buys, and 0 insider sales for $486,692 activity.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 3 analysts covering Phillips 66 Partners (NYSE:PSXP), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Phillips 66 Partners has $60 highest and $52 lowest target. $56’s average target is 8.15% above currents $51.78 stock price. Phillips 66 Partners had 7 analyst reports since March 8, 2019 according to SRatingsIntel. Wells Fargo maintained Phillips 66 Partners LP (NYSE:PSXP) on Friday, March 8 with “Hold” rating. J.P. Morgan maintained Phillips 66 Partners LP (NYSE:PSXP) on Wednesday, March 13 with “Hold” rating. Below is a list of Phillips 66 Partners LP (NYSE:PSXP) latest ratings and price target changes.

02/08/2019 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
06/06/2019 Broker: Mizuho Rating: Buy New Target: $56.0000 Initiates Coverage On
10/05/2019 Broker: BidaskScore Rating: Sell Upgrade
17/04/2019 Broker: BidaskScore Rating: Sell Downgrade
21/03/2019 Broker: BidaskScore Rating: Buy Upgrade
13/03/2019 Broker: J.P. Morgan Rating: Hold New Target: $60 Maintain
08/03/2019 Broker: Wells Fargo Rating: Hold New Target: $52 Maintain

The stock increased 0.12% or $0.06 during the last trading session, reaching $51.78. About 266,892 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.06% since August 15, 2018 and is downtrending. It has underperformed by 2.06% the S&P500.

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $6.47 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 12.14 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Seekingalpha.com which released: “Energy Transfer’s Bakken Upside – Seeking Alpha” on March 01, 2019, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Aqua America Inc (WTR) ? – Yahoo Finance” published on June 23, 2019, Seekingalpha.com published: “Energy Transfer, Phillips 66 Partners launch Bayou Bridge open season – Seeking Alpha” on April 22, 2019. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Businesswire.com and their article: “Phillips 66 Partners, Harvest Midstream, and PBF Logistics Announce Joint Development and Open Season for Crude Oil Pipeline in Louisiana – Business Wire” published on January 14, 2019 as well as Seekingalpha.com‘s news article titled: “Phillips 66 Partners: Positioned For Significant Growth – Seeking Alpha” with publication date: June 26, 2019.

Phillips 66 Partners LP (NYSE:PSXP) Institutional Positions Chart

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