Phillips 66 Partners Lp (PSXP) Files Form 4 Insider Buying : Mark Haney Buys 8,000 Shares

Phillips 66 Partners Lp (PSXP): Mark Haney , director of Phillips 66 Partners Lp purchased 8,000 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $52.94 per share for a total value of $423,548.81 , the company said in a SEC Form 4 Filing.

Shares of Phillips 66 Partners LP (PSXP) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.96 points or -1.81% at $52.13 with 4,65,501 shares getting traded. Post opening the session at $53.01, the shares hit an intraday low of $51.72 and an intraday high of $53.42 and the price vacillated in this range throughout the day. The company has a market cap of $5,054,108 M and the number of outstanding shares has been calculated to be 96,95,20,00,000 shares. The 52-week high of Phillips 66 Partners LP is $75.2 and the 52-week low is $40.

Phillips 66 Partners LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.Phillips 66 Partners LP is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 3, 2016.Phillips 66 Partners LP is Initiated by Raymond James to Outperform. The Rating was issued on Apr 21, 2016.Phillips 66 Partners LP is Initiated by Morgan Stanley to Overweight. The Rating was issued 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 Company’s 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 Company’s General Partner).

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