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

Investors sentiment decreased to 1.03 in 2019 Q2. Its down 0.51, from 1.54 in 2019Q1. It turned negative, as 14 investors sold Phillips 66 Partners LP shares while 46 reduced holdings. 19 funds opened positions while 43 raised stakes. 46.71 million shares or 1.36% less from 47.35 million shares in 2019Q1 were reported.
264,485 are owned by Cadence Cap Mngmt Limited Company. Carroll Associates holds 178 shares. Creative Planning has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Silvercrest Asset Mngmt has 73,959 shares for 0.03% of their portfolio. Ing Groep Nv stated it has 16,000 shares or 0.01% of all its holdings. Hightower Trust Svcs Lta reported 0.08% in Phillips 66 Partners LP (NYSE:PSXP). Fmr Lc owns 106,800 shares. Parkside Bancorp Trust stated it has 12,335 shares. Conning holds 0.05% or 30,241 shares. Castleark Mgmt Lc reported 125,699 shares. Cwm Lc reported 0% in Phillips 66 Partners LP (NYSE:PSXP). Stifel Financial invested in 0% or 19,956 shares. Leuthold Limited Liability stated it has 5,903 shares or 0.04% of all its holdings. Tower Capital Lc (Trc) has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Toth Fincl Advisory Corp reported 1,100 shares.

Since May 24, 2019, it had 3 buys, and 0 sales for $518,636 activity. Bairrington Phillip David also bought $31,944 worth of Phillips 66 Partners LP (NYSE:PSXP) on Monday, August 12.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 7 analysts covering Phillips 66 Partners (NYSE:PSXP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Phillips 66 Partners has $6300 highest and $54 lowest target. $60’s average target is 8.93% above currents $55.08 stock price. Phillips 66 Partners had 11 analyst reports since May 10, 2019 according to SRatingsIntel. The rating was maintained by Raymond James with “Outperform” on Wednesday, October 23. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Hold” rating given on Friday, October 25 by Barclays Capital. The firm earned “Hold” rating on Tuesday, October 15 by Barclays Capital. Bank of America maintained Phillips 66 Partners LP (NYSE:PSXP) rating on Tuesday, September 10. Bank of America has “Buy” rating and $6200 target. The rating was maintained by Mizuho with “Buy” on Monday, October 28. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 28. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 28. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Buy” rating given on Tuesday, October 29 by Citigroup. Below is a list of Phillips 66 Partners LP (NYSE:PSXP) latest ratings and price target changes.

28/10/2019 Broker: Stifel Nicolaus Rating: Hold New Target: $54 Maintain
28/10/2019 Broker: RBC Capital Markets Rating: Buy New Target: $62 Maintain
29/10/2019 Broker: Citigroup Rating: Buy Old Target: $56.5000 New Target: $63.0000 Maintain
28/10/2019 Broker: Mizuho Rating: Buy Old Target: $58.0000 New Target: $61.0000 Maintain
25/10/2019 Broker: Barclays Capital Rating: Hold New Target: $58 Maintain
23/10/2019 Broker: Raymond James Rating: Outperform Old Target: $58.0000 New Target: $60.0000 Maintain
15/10/2019 Broker: Barclays Capital Rating: Hold New Target: $56 Maintain
10/09/2019 Broker: Bank of America Rating: Buy Old Target: $58.0000 New Target: $62.0000 Maintain
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

The stock increased 1.02% or $0.56 during the last trading session, reaching $55.08. About 347,849 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.06% since November 6, 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 $12.69 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 12.69 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: Bizjournals.com which released: “Phillips 66 nears Gray Oak Pipeline startup – New York Business Journal” on October 28, 2019, also Finance.Yahoo.com with their article: “Is Nektar Therapeutics (NKTR) Going To Burn These Hedge Funds ? – Yahoo Finance” published on October 28, 2019, Bizjournals.com published: “Phillips 66 Partners names female executive as new COO to lead MLP – Houston Business Journal” on November 28, 2018. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Seekingalpha.com and their article: “Phillips 66 Partners: The Effect Of IDR Elimination On Q3 Results – Seeking Alpha” published on October 31, 2019 as well as Seekingalpha.com‘s news article titled: “Phillips 66 Shows Its Biggest Strength – Seeking Alpha” with publication date: November 01, 2019.

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