Atlantic Trust Group LLC Has $4,332,000 Holdings in Phillips 66 Partners LP (PSXP)

Atlantic Trust Group LLC maintained its stake in shares of Phillips 66 Partners LP (NYSE:PSXP) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 87,661 shares of the oil and gas company’s stock at the end of the 2nd quarter. Atlantic Trust Group LLC owned about 0.08% of Phillips 66 Partners worth $4,332,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Phillips 66 Partners by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,222 shares of the oil and gas company’s stock worth $268,000 after acquiring an additional 62 shares in the last quarter. Keybank National Association OH increased its position in Phillips 66 Partners by 5.9% during the 2nd quarter. Keybank National Association OH now owns 5,105 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 285 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Phillips 66 Partners by 1.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 25,245 shares of the oil and gas company’s stock valued at $1,248,000 after buying an additional 330 shares in the last quarter. Proficio Capital Partners LLC increased its position in Phillips 66 Partners by 8.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 4,676 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 354 shares in the last quarter. Finally, Diversified Trust Co increased its position in Phillips 66 Partners by 1.6% during the 2nd quarter. Diversified Trust Co now owns 24,029 shares of the oil and gas company’s stock valued at $1,188,000 after buying an additional 382 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.

A number of analysts have commented on PSXP shares. Stifel Nicolaus set a $63.00 target price on Phillips 66 Partners and gave the stock a “buy” rating in a report on Saturday, June 24th. BidaskClub raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Citigroup Inc. dropped their price target on Phillips 66 Partners from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Scotiabank set a $61.00 price target on Phillips 66 Partners and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Barclays PLC upgraded Phillips 66 Partners from an “equal weight” rating to an “overweight” rating and set a $61.00 price target on the stock in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Phillips 66 Partners has an average rating of “Buy” and an average target price of $56.44.

Shares of Phillips 66 Partners LP (NYSE:PSXP) opened at 48.60 on Friday. The firm’s 50-day moving average price is $47.49 and its 200 day moving average price is $50.12. The company has a market capitalization of $5.37 billion, a PE ratio of 20.04 and a beta of 1.52. Phillips 66 Partners LP has a 52 week low of $42.47 and a 52 week high of $58.00.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.11). Phillips 66 Partners had a net margin of 45.35% and a return on equity of 23.01%. The firm had revenue of $234.00 million for the quarter, compared to analysts’ expectations of $235.69 million. During the same period in the previous year, the company posted $0.60 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts predict that Phillips 66 Partners LP will post $2.64 EPS for the current year.

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Phillips 66 Partners Company Profile

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

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