Somewhat Favorable News Coverage Somewhat Unlikely to Impact Phillips 66 Partners (PSXP) Stock Price

Headlines about Phillips 66 Partners (NYSE:PSXP) have been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.2379856434 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

Shares of PSXP traded down $0.89 during mid-day trading on Friday, reaching $50.11. The company had a trading volume of 143,604 shares, compared to its average volume of 224,811. The firm has a market cap of $6,200.17, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Phillips 66 Partners has a fifty-two week low of $44.40 and a fifty-two week high of $56.48. The company has a quick ratio of 1.64, a current ratio of 1.71 and a debt-to-equity ratio of 2.06.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). The company had revenue of $331.00 million during the quarter, compared to analyst estimates of $316.00 million. Phillips 66 Partners had a net margin of 44.16% and a return on equity of 27.99%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. equities research analysts anticipate that Phillips 66 Partners will post 3.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 30th will be issued a $0.714 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Friday, April 27th. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.68. Phillips 66 Partners’s dividend payout ratio (DPR) is 104.63%.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Phillips 66 Partners from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Bank of America assumed coverage on shares of Phillips 66 Partners in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Deutsche Bank assumed coverage on shares of Phillips 66 Partners in a research report on Thursday. They set a “hold” rating and a $55.00 target price on the stock. Barclays decreased their target price on shares of Phillips 66 Partners from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Scotiabank restated a “buy” rating and set a $60.00 target price on shares of Phillips 66 Partners in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Phillips 66 Partners currently has a consensus rating of “Hold” and a consensus target price of $56.96.

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Phillips 66 Partners Company Profile

Phillips 66 Partners LP (Phillips 66) 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 systems, such as Clifton Ridge Crude System, Eagle Ford Gathering System, Ponca Crude System, Billings Crude System, Borger Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Cross-Channel Connector Products System, Ponca Products System, Billings Products System, Bayway Products System, Standish Pipeline, Borger Products System, River Parish NGL System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Sand Hills/Southern Hills Joint Ventures, Explorer Pipeline Joint Venture, Bakken Joint Ventures, Bayou Bridge Pipeline Joint Venture, STACK Pipeline Joint Venture, and Sweeny Fractionator and Clemens Caverns.

Insider Buying and Selling by Quarter for Phillips 66 Partners (NYSE:PSXP)

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