Phillips 66 Partners LP (PSXP) : Taylor Wealth Management Partners reduced its stake in Phillips 66 Partners LP by 1.02% during the most recent quarter end. The investment management company now holds a total of 157,757 shares of Phillips 66 Partners LP which is valued at $8,173,390 after selling 1,619 shares in Phillips 66 Partners LP , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Phillips 66 Partners LP makes up approximately 3.24% of Taylor Wealth Management Partners’s portfolio.
Other Hedge Funds, Including , Agf Investments reduced its stake in PSXP by selling 124 shares or 51.88% in the most recent quarter. The Hedge Fund company now holds 115 shares of PSXP which is valued at $5,958.Ftb Advisors boosted its stake in PSXP in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 711 shares of Phillips 66 Partners LP which is valued at $38,039. Phillips 66 Partners LP makes up approx 0.01% of Ftb Advisors’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.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 opened for trading at $51.29 and hit $52.35 on the upside on Monday, eventually ending the session at $52.31, with a gain of 2.87% or 1.46 points. The heightened volatility saw the trading volume jump to 2,63,720 shares. Company has a market cap of $5,085 M.
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.
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).