Phillips 66 Partners LP (PSXP) : Lvw Advisors scooped up 14,469 additional shares in Phillips 66 Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 60,458 shares of Phillips 66 Partners LP which is valued at $3.2 Million.Phillips 66 Partners LP makes up approximately 1.03% of Lvw Advisors’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group sold out all of its stake in PSXP during the most recent quarter. The investment firm sold 242,456 shares of PSXP which is valued $12.9 Million. Spot Trading L.l.c sold out all of its stake in PSXP during the most recent quarter. The investment firm sold 100 shares of PSXP which is valued $5,333.Chickasaw Capital Management reduced its stake in PSXP by selling 52,015 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 1,827,441 shares of PSXP which is valued at $97.5 Million. Phillips 66 Partners LP makes up approx 2.90% of Chickasaw Capital Management’s portfolio. Cutter Co Brokerage sold out all of its stake in PSXP during the most recent quarter. The investment firm sold 17,807 shares of PSXP which is valued $945,374.
Phillips 66 Partners LP opened for trading at $53.64 and hit $54.17 on the upside on Monday, eventually ending the session at $53.47, with a gain of 0.26% or 0.14 points. The heightened volatility saw the trading volume jump to 6,94,380 shares. Company has a market cap of $4,523 M.
On the company’s financial health, Phillips 66 Partners LP reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.55. The company had revenue of $103.30 million for the quarter, compared to analysts expectations of $103.51 million. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Phillips 66 Partners LP. Phillips 66 Partners LP was Downgraded by Wells Fargo to ” Market Perform” on May 3, 2016. Phillips 66 Partners LP was Initiated by Raymond James to “Outperform” on Apr 21, 2016. Phillips 66 Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 2016.
Phillips 66 Partners LP 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 Companys assets consist of crude oil and refined petroleum product pipeline terminal rail rack and storage systems in the Central Gulf Coast Atlantic Basin and Western regions of the United States. Its assets also consists of systems which include Clifton Ridge Crude System Sweeny to Pasadena Products System Hartford Connector Products System Gold Line Products System Medford Spheres Bayway Rail Rack Ferndale Rail Rack Cross-Channel Connector Project Palermo Rail Terminal Project and Eagle Ford Gathering System Project. Phillips 66 through Phillips 66 Company owns 20938498 common units and 35217112 subordinated units representing an aggregate 73.3% limited partner interest and a 100% interest in Phillips 66 Partners GP LLC (the Companys General Partner).