Phillips 66 Partners LP (NYSE:PSXP).
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS sold 2,544 shares in quarter ending 09/30/2017 decreasing its exposure to Phillips 66 Partners LP by 0.6%. Its stake stood at $23,523,000 an increase of 5.7% as of quarter end.
Several firms have updated their holdings. As of quarter end Blair William & Co/il had sold 150 shares trimming its holdings by 0.2%. The value of the total investment in Phillips 66 Partners LP went from $3,000,000 to $3,182,000 a change of 6.1% quarter to quarter. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had disposed of a total of 2,544 shares trimming its position 0.6%. The value of the investment in (PSXP) increased from $22,244,000 to $113,159,000 increasing 5.7% since the last quarter.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS cut its position by selling 2,544 shares a decrease of 0.6% as of 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 447,553 shares worth $23,523,000. The total value of its holdings increased 5.7%. As of quarter end Oppenheimerfunds, Inc. had disposed of a total of 214,852 shares trimming its stake by 9.1%. The value of the investment in PSXP decreased from $117,017,000 to $23,523,000 a change of $3,858,000 for the reporting period.
As of quarter end Raymond James & Associates had sold a total of 889 shares trimming its position 2.6%. The value of the company’s investment in Phillips 66 Partners LP increased from $1,695,000 to $1,756,000 increasing 3.6% quarter over quarter.
November 7 investment analysts at Royal Bank Of Canada maintained a company rating of “Buy” targeting a price of $63.00. Stifel Nicolaus lowered the price target on October 30 changing the forecast from $60.00 to $59.00 and issued a “Buy” recommendation.
Equity analyst Barclays PLC lowered the price target on October 30 changing the price objective from $62.00 to $59.00 and stated a “Overweight” rating. On October 29 analysts at Mizuho released guidance on PSXP with a rating of “Buy” and projecting a price target of $59.00.
On October 25 Scotiabank kept the company rating at “Buy” with a current price target of $61.00. Citigroup raised the price target of the stock on October 18 boosting the projection from $60.00 to $64.00 and issued a “Buy” rating.
In the market the company is trading up by 1.42% percent from yesterday’s close. Phillips 66 Partners LP’s P/E ratio is 19.97 and market cap is 5.32B. As of the latest earnings report the EPS was $2.36 with 110.51M shares presently outstanding.
Short traders are feeling a little more bearish of late if you watch the motion in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 9.65%. Short interest increased 216,196 over that timeframe. Days to cover increased 8.0 to 15.0 and the percentage of shorted shares is 0.02% as of October 13.