Is Phillips 66 Partners (NYSE:PSXP) a Buy or a Sell? What Does Deutsche Bank Think?

April 21, 2018 - By reb123z

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.22, from 1.19 in 2017Q3. It worsened, as 18 investors sold Phillips 66 Partners LP shares while 43 reduced holdings. 21 funds opened positions while 38 raised stakes. 45.55 million shares or 5.95% more from 42.99 million shares in 2017Q3 were reported.

Castleark Management stated it has 0.11% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Sg Americas Securities Limited holds 38,648 shares. California Employees Retirement Systems has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP). Missouri-based Century has invested 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Williams Jones And Limited Com invested in 36,292 shares. Yorkville Cap Management Limited Liability Co stated it has 46,754 shares. 26,080 are held by Parkside Bank & Trust And. 16,775 were accumulated by National Bank & Trust Of Mellon Corp. Rr Advsrs Ltd, Texas-based fund reported 494,000 shares. Hightower Ltd invested in 0.03% or 69,588 shares. Benjamin F Edwards Co owns 200 shares for 0% of their portfolio. Spirit Of America Mngmt Corp holds 2.81% or 485,039 shares. Blackrock Inc, a New York-based fund reported 171,591 shares. Monetary Mgmt has invested 0.1% in Phillips 66 Partners LP (NYSE:PSXP). Fifth Third Comml Bank stated it has 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP).

Why Has Deutsche Bank Given Phillips 66 Partners (NYSE:PSXP) a $55 Price Target

The broker Deutsche Bank has today began coverage on Phillips 66 Partners (NYSE:PSXP) shares, with a Hold rating, while giving it the price target at $55.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.22, from 1.19 in 2017Q3. It worsened, as 18 investors sold Phillips 66 Partners LP shares while 43 reduced holdings. 21 funds opened positions while 38 raised stakes. 45.55 million shares or 5.95% more from 42.99 million shares in 2017Q3 were reported.

Castleark Management stated it has 0.11% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Sg Americas Securities Limited holds 38,648 shares. California Employees Retirement Systems has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP). Missouri-based Century has invested 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Williams Jones And Limited Com invested in 36,292 shares. Yorkville Cap Management Limited Liability Co stated it has 46,754 shares. 26,080 are held by Parkside Bank & Trust And. 16,775 were accumulated by National Bank & Trust Of Mellon Corp. Rr Advsrs Ltd, Texas-based fund reported 494,000 shares. Hightower Ltd invested in 0.03% or 69,588 shares. Benjamin F Edwards Co owns 200 shares for 0% of their portfolio. Spirit Of America Mngmt Corp holds 2.81% or 485,039 shares. Blackrock Inc, a New York-based fund reported 171,591 shares. Monetary Mgmt has invested 0.1% in Phillips 66 Partners LP (NYSE:PSXP). Fifth Third Comml Bank stated it has 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP).

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 11 analysts covering Phillips 66 Partners (NYSE:PSXP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Phillips 66 Partners has $64.0 highest and $52 lowest target. $57.75’s average target is 15.25% above currents $50.11 stock price. Phillips 66 Partners had 18 analyst reports since October 26, 2017 according to SRatingsIntel. As per Wednesday, January 17, the company rating was downgraded by Barclays Capital. The firm has “Buy” rating given on Monday, January 29 by Scotia Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 26. The stock has “Buy” rating by RBC Capital Markets on Tuesday, January 16. The firm earned “Buy” rating on Monday, December 18 by Goldman Sachs. Stifel Nicolaus maintained the shares of PSXP in report on Monday, October 30 with “Buy” rating. The rating was maintained by Citigroup with “Buy” on Tuesday, March 27. Barclays Capital maintained it with “Equal-Weight” rating and $56 target in Monday, February 5 report. The firm has “Buy” rating given on Sunday, October 29 by Mizuho. On Friday, November 17 the stock rating was maintained by Morgan Stanley with “Overweight”.

The stock decreased 1.75% or $0.89 during the last trading session, reaching $50.11. About 143,604 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 6.62% since April 21, 2017 and is downtrending. It has underperformed by 18.17% the S&P500.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on April, 27 before the open. They expect $0.77 earnings per share, up 28.33 % or $0.17 from last year’s $0.6 per share. PSXP’s profit will be $93.61M for 16.27 P/E if the $0.77 EPS becomes a reality. After $0.83 actual earnings per share reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts -7.23 % negative EPS growth.

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $6.09 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 19.79 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

Phillips 66 Partners LP (NYSE:PSXP) Institutional Positions Chart

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