Phillips 66 Partners LP (PSXP) : Cumberland Advisors Inc scooped up 60 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 Jul 13, 2016. The investment management firm now holds a total of 240 shares of Phillips 66 Partners LP which is valued at $13,337.Phillips 66 Partners LP makes up approximately 0.01% of Cumberland Advisors Inc’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in PSXP during the most recent quarter. The investment firm sold 19 shares of PSXP which is valued $1,056.Creative Planning boosted its stake in PSXP in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 659 shares of Phillips 66 Partners LP which is valued at $36,621. Hollencrest Securities added PSXP to its portfolio by purchasing 5,500 company shares during the most recent quarter which is valued at $297,605. Phillips 66 Partners LP makes up approx 0.05% of Hollencrest Securities’s portfolio.Spirit Of America Management Corpny boosted its stake in PSXP in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 159,967 shares of Phillips 66 Partners LP which is valued at $8,655,814. Phillips 66 Partners LP makes up approx 1.28% of Spirit Of America Management Corpny’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PSXP by selling 80,726 shares or 87.12% in the most recent quarter. The Hedge Fund company now holds 11,930 shares of PSXP which is valued at $645,532.
Phillips 66 Partners LP closed down -0.07 points or -0.13% at $55.5 with 2,16,814 shares getting traded on Monday. Post opening the session at $55.59, the shares hit an intraday low of $55.02 and an intraday high of $55.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 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).