Phillips 66 Partners L.P. (PSXP) Shareholder Tortoise Capital Advisors LLC Has Decreased Its Position as Stock Rose

Investors sentiment decreased to 1.03 in Q2 2019. Its down 0.51, from 1.54 in 2019Q1. It worsened, as 14 investors sold PSXP shares while 46 reduced holdings. 19 funds opened positions while 43 raised stakes. 46.71 million shares or 1.36% less from 47.35 million shares in 2019Q1 were reported. Envestnet Asset holds 0% or 12,589 shares. Tiedemann Limited Company stated it has 0.96% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Moreover, Salient Advisors Ltd Liability Company has 1.71% invested in Phillips 66 Partners LP (NYSE:PSXP). Chickasaw Capital Llc has 2.82% invested in Phillips 66 Partners LP (NYSE:PSXP) for 2.31 million shares. American Grp has 0.06% invested in Phillips 66 Partners LP (NYSE:PSXP). Stephens Incorporated Ar reported 6,246 shares. Fort Washington Invest Incorporated Oh holds 0.03% or 53,916 shares. The New York-based Lvw Advsr Limited Liability has invested 0.17% in Phillips 66 Partners LP (NYSE:PSXP). Moreover, Fmr Ltd Liability Corp has 0% invested in Phillips 66 Partners LP (NYSE:PSXP) for 106,800 shares. California Public Employees Retirement Systems, California-based fund reported 70,309 shares. Advisory Inc reported 1.54 million shares or 1.49% of all its holdings. Monetary Management Grp Inc Inc owns 0.04% invested in Phillips 66 Partners LP (NYSE:PSXP) for 2,000 shares. Invesco reported 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Morgan Stanley stated it has 531,600 shares or 0.01% of all its holdings. Walnut Private Equity Ltd Liability Corp holds 22,675 shares or 0.81% of its portfolio.

Since May 24, 2019, it had 3 buys, and 0 insider sales for $518,636 activity. Another trade for 2,651 shares valued at $130,283 was made by Mitchell Kevin J on Friday, May 24.

Tortoise Capital Advisors Llc decreased its stake in Phillips 66 Partners L.P. (PSXP) by 4.63% based on its latest 2019Q2 regulatory filing with the SEC. Tortoise Capital Advisors Llc sold 483,941 shares as the company’s stock rose 5.32% . The hedge fund held 9.96M shares of the natural gas distribution company at the end of 2019Q2, valued at $491.50 million, down from 10.44 million at the end of the previous reported quarter. Tortoise Capital Advisors Llc who had been investing in Phillips 66 Partners L.P. for a number of months, seems to be less bullish one the $13.00 billion market cap company. The stock increased 2.58% or $1.45 during the last trading session, reaching $57.56. About 732,523 shares traded or 86.43% up from the average. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.06% since September 13, 2018 and is downtrending. It has underperformed by 2.06% the S&P500.

Tortoise Capital Advisors Llc, which manages about $15.07B and $15.27B US Long portfolio, upped its stake in Western Midstream Partners L.P. by 558,860 shares to 27.56 million shares, valued at $848.09 million in 2019Q2, according to the filing. It also increased its holding in Algonquin Power & Utilities (AQUNF) by 292,764 shares in the quarter, for a total of 293,058 shares, and has risen its stake in Bp Midstream Partners L.P..

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on October, 25. They expect $0.96 earnings per share, down 12.73 % or $0.14 from last year’s $1.1 per share. PSXP’s profit will be $216.88 million for 14.99 P/E if the $0.96 EPS becomes a reality. After $1.15 actual earnings per share reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts -16.52 % negative EPS growth.

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Fool.com which released: “Better Buy: Kinder Morgan Canada vs. Phillips 66 Partners – Motley Fool” on August 19, 2019, also Seekingalpha.com with their article: “Phillips 66, Phillips 66 Partners to eliminate IDRs – Seeking Alpha” published on July 26, 2019, Finance.Yahoo.com published: “3 Under-the-Radar but Amazing Dividend Stocks – Yahoo Finance” on June 24, 2019. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Seekingalpha.com and their article: “Energy Transfer, Phillips 66 Partners launch Bayou Bridge open season – Seeking Alpha” published on April 22, 2019 as well as Seekingalpha.com‘s news article titled: “Phillips 66 Partners declares $0.792 dividend – Seeking Alpha” with publication date: October 17, 2018.

Phillips 66 Partners LP (NYSE:PSXP) Ratings Coverage

Among 2 analysts covering Phillips 66 Partners (NYSE:PSXP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Phillips 66 Partners has $6200 highest and $5600 lowest target. $59’s average target is 2.50% above currents $57.56 stock price. Phillips 66 Partners had 6 analyst reports since March 21, 2019 according to SRatingsIntel. Bank of America maintained the stock with “Buy” rating in Tuesday, September 10 report.

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

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