Samson Capital Management LLC Sells 1,884 Shares of Phillips 66 Partners LP (PSXP)

Samson Capital Management LLC reduced its position in shares of Phillips 66 Partners LP (NYSE:PSXP) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,751 shares of the oil and gas company’s stock after selling 1,884 shares during the quarter. Phillips 66 Partners comprises about 5.9% of Samson Capital Management LLC’s portfolio, making the stock its 8th biggest position. Samson Capital Management LLC owned approximately 0.09% of Phillips 66 Partners worth $5,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PSXP. Alps Advisors Inc. raised its stake in Phillips 66 Partners by 17.7% during the 3rd quarter. Alps Advisors Inc. now owns 3,779,089 shares of the oil and gas company’s stock worth $198,629,000 after buying an additional 568,798 shares during the period. RR Advisors LLC acquired a new position in Phillips 66 Partners during the 3rd quarter worth approximately $23,677,000. JPMorgan Chase & Co. increased its holdings in Phillips 66 Partners by 33.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,747 shares of the oil and gas company’s stock worth $44,955,000 after purchasing an additional 215,461 shares in the last quarter. ING Groep NV bought a new stake in Phillips 66 Partners during the 3rd quarter worth approximately $10,880,000. Finally, BP Capital Fund Advisors LLC bought a new stake in Phillips 66 Partners during the 2nd quarter worth approximately $8,908,000. 37.22% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the company. Morgan Stanley decreased their price objective on Phillips 66 Partners from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, November 17th. BidaskClub lowered Phillips 66 Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Jefferies Group reissued a “hold” rating and set a $51.00 price objective on shares of Phillips 66 Partners in a report on Monday, October 16th. Scotiabank reissued a “buy” rating and set a $61.00 price objective on shares of Phillips 66 Partners in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $63.00 price objective on shares of Phillips 66 Partners in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Phillips 66 Partners currently has an average rating of “Buy” and an average target price of $58.89.

Shares of Phillips 66 Partners LP (NYSE PSXP) traded up $1.38 on Monday, reaching $48.24. The company’s stock had a trading volume of 345,200 shares, compared to its average volume of 289,180. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.56. The company has a market cap of $5,864.63, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.54 and a beta of 1.46. Phillips 66 Partners LP has a 1 year low of $44.18 and a 1 year high of $58.00.

Phillips 66 Partners (NYSE:PSXP) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $236.18 million. Phillips 66 Partners had a net margin of 42.19% and a return on equity of 23.56%. The business’s revenue was up 69.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. analysts expect that Phillips 66 Partners LP will post 2.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a $0.646 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.62. This represents a $2.58 annualized dividend and a dividend yield of 5.36%. Phillips 66 Partners’s dividend payout ratio is currently 108.86%.

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Phillips 66 Partners Company Profile

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Institutional Ownership by Quarter for Phillips 66 Partners (NYSE:PSXP)

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