Phillips 66 Partners LP (PSXP) : Samson Capital Management reduced its stake in Phillips 66 Partners LP by 1.94% during the most recent quarter end. The investment management company now holds a total of 116,661 shares of Phillips 66 Partners LP which is valued at $6,102,537 after selling 2,314 shares in Phillips 66 Partners LP , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Phillips 66 Partners LP makes up approximately 5.76% of Samson Capital Management’s portfolio.
Other Hedge Funds, Including , Global X Management Co boosted its stake in PSXP in the latest quarter, The investment management firm added 1,449 additional shares and now holds a total of 5,313 shares of Phillips 66 Partners LP which is valued at $260,231. Phillips 66 Partners LP makes up approx 0.01% of Global X Management Co’s portfolio.Chickasaw Capital Management boosted its stake in PSXP in the latest quarter, The investment management firm added 274,582 additional shares and now holds a total of 2,102,023 shares of Phillips 66 Partners LP which is valued at $106,887,870. Phillips 66 Partners LP makes up approx 2.68% of Chickasaw Capital Management’s portfolio.Conning boosted its stake in PSXP in the latest quarter, The investment management firm added 654 additional shares and now holds a total of 46,047 shares of Phillips 66 Partners LP which is valued at $2,450,621. Phillips 66 Partners LP makes up approx 0.10% of Conning’s portfolio. Green Square Capital sold out all of its stake in PSXP during the most recent quarter. The investment firm sold 6,494 shares of PSXP which is valued $345,611.Country Club Trust Company N.a. reduced its stake in PSXP by selling 2,095 shares or 21.99% in the most recent quarter. The Hedge Fund company now holds 7,432 shares of PSXP which is valued at $405,787. Phillips 66 Partners LP makes up approx 0.06% of Country Club Trust Company N.a.’s portfolio.
Phillips 66 Partners LP closed down -0.52 points or -1.05% at $48.93 with 6,06,124 shares getting traded on Wednesday. Post opening the session at $49.5, the shares hit an intraday low of $48.82 and an intraday high of $49.5308 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Phillips 66 Partners LP reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.50. The company had revenue of $140.40 million for the quarter, compared to analysts expectations of $126.73 million. The company’s revenue was up 67.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Phillips 66 Partners LP. Stifel Initiated Phillips 66 Partners LP on Aug 18, 2016 to “Buy”, Price Target of the shares are set at $59.
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).