PSXP News and Headlines - Phillips 66 Partners LP
The stock of Phillips 66 Partners LP (NYSE:PSXP, 30-year Financials) is estimated to be fairly valued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF
According to GuruFocus data, the largest Insider Buys this week were for Phillips 66 Partners LP (PSXP), Petco Health and Wellness Co. Inc. (WOOF), Zedge Inc. (ZDGE) and Driven Brands Holdings Inc. (DRVN).
Phillips 66 Partners LP (PSXP): Director Phillip David Bairrington bought 1,445 shares
Director Phillip David Bairrington bought 1,445 shares on Jan. 20 at the average price of $30.06. The price of the stock has decreased by 5.02% since.
Phillips 66 Partners LP is a master limited partnership formed by Phillips 66. The company focuses on acquiring, operating and developing fee-based crude oil, refined petroleum products and natural
The oil and gas market has experienced a turbulent period over the last six months. Oil prices have plunged despite continuous production cuts by OPEC. At the time of writing, Brent Crude oil traded at about $37 per barrel while the U.S. Light Crude oil price oscillated around $35.
The decline in oil prices affects all players in the supply chain, and midstream companies have not been spared. Some of them are trading at incredible valuation multiples, which make them interesting from a value perspective. However, it is also good to note that low prices can be
The largest insider buys this week were in CarMax Inc. (KMX), Icahn Enterprises LP (IEP), Phillips 66 Partners LP (PSXP) and Highwoods Properties Inc. (HIW).
CarMax director bought 2,700 shares
Director Mark F. Oneil bought 2,700 shares of CarMax on Sept. 30 for an average price of $93.4. The share price has increased by 2.3% since then.
CarMax is a Fortune 500 company that is currently the largest used-car retailer in the U.S. The company is also a component of the S&P 500. The company has a market capitalization of $15.69 billion; as of Oct. 2, it traded at $95.55.
The largest insider buys this week were for Fastenal Co. (FAST), Phillips 66 Partners LP (PSXP), Cantel Medical Corp. (CMD) and Harpoon Therapeutics Inc. (HARP).
Fastenal director bought 18,000 shares
Director Darren R. Jackson bought 18,000 shares on Jan. 23 for an average price of $35.57. The share price has decreased by 0.14% since then.
Fastenal is an American industrial supply company that focuses on distributing industrial, safety and construction supplies. It has over 2,600 branches throughout the United States, Mexico and Canada. The company has a market capitalization of $20.39 billion; as of Jan. 24, it traded at $35.52.
According to theÂ GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
Allergan PLC reached the 52-week high of $190.30
Allergan PLC (AGN) is s specialty pharmaceutical manufacturer. It specializes in aesthetics, ophthalmology, women's health, gastrointestinal and central nervous system products. In 2016, Allergan sold its generics and distribution segments to Teva.
The price of Allergan PLC shares has reached $190.30, which is 1% off the 52-week high of $192.26. The company has a market cap of $62.47 billion; its shares were traded around $190.30 with and a price-sales ratio
The largest Insider Buys this week were for Phillips 66 Partners LP (PSXP), DISH Network Corp. (DISH), FS KKR Capital Corp. (FSK) and Barings BDC Inc. (BBDC).
Phillips 66 Partners LP (PSXP): Director Mark Haney bought 1,392 shares
Director Mark Haney bought 1,392 shares of PSXP stock on Jan. 16 at the average price of $49.31. The price of the stock has increased by 0.1% since.
Phillips 66 Partners LP is a master limited partnership formed by Phillips 66. The company focuses on acquiring, operating, and developing fee-based crude oil, refined petroleum products, and natural gas liquids pipelines and other
“In 1949 my dad told me ‘you better get a plan,’” Pickens later recalled. “He said ‘a fool with a plan can beat a genius with no plan. Your mother and I think we have a fool with no plan.’” (Investopedia)
Pickens is best known for being a pioneer for shareholder value and natural gas, but he has also been a hedge fund
T Boone Pickens (Trades, Portfolio)’ BP Capital Fund established seven new positions in the second quarter. His four largest new purchases are Phillips 66 Partners LP (PSXP), Alcoa Corp. (AA), Antero Midstream GP LP (AMGP) and Quanta Services Inc. (PWR).
Managing a portfolio of 49 stocks valued at $209 million, Pickens invests largely in oil and gas companies. The energy sector accounts for 85.3% of his overall portfolio followed by basic materials with 10.6%, consumer cyclical with 2.2%, industrials with 1.9% and ETFs, options and preferred with 1.9%.
Phillips 66 Partners
In his largest trade of the
(Published by Bob Ciura on July 26)
Investors looking for stable dividends should first look at blue-chip stocks.
When we use the term "blue-chip," we are referring to stocks with over 100 years of dividend payments to shareholders and at least a 3% current dividend yield.
Stocks that have both of these qualities have an ideal mix of dividend history and high yield.
Phillips 66 (PSX) is one of these companies and is arguably the strongest blue-chip stock in the refining industry.
Through its predecessor companies, Phillips 66 dates back to 1875.
The company has raised its dividend every
Seth Klarman (Trades, Portfolio), a conservative investor who runs Boston-based Baupost Management, again added to his growing position PBF Energy (PBF), the fourth-largest independent oil refiner in the U.S. – two spaces below Warren Buffett (Trades, Portfolio)’s refiner Phillips 66 (PSX)
Klarman added 5,083,000 shares to the position on Aug. 31 that increased it by roughly 48%. With a total position of 15,724,175 shares, he controls 16.1% of the company. He started the position in the third quarter 2013 and continued buying over the subsequent two years, but sold almost 400,000 shares in the
I have written about Warren Buffet’s accumulation of PSX shares on Gurufocus before. At that time, my reverse engineering of the Oracle’s actions led me to believe it was driven not by an interest in the oil and gas sector, but valuation driven. As Buffett continues to buy shares of Phillips 66 (PSX) and I have gained additional insights over time, it is time for an update.
First of all, I still believe Buffett is not very interested in the oil and gas sector. This is evidenced by a CNBC interview, late 2015, where Becky Quick asks him:
|2021-04-08 $ 30.05 (-2.81%)|
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|2021-04-06 $ 30.92 (-5.07%)|
Phillips 66 Partners' (PSXP) Liberty Exit to Hit Q1 Results - www.zacks.com
|2021-03-12 $ 31.06 (1.07%)|
Is Phillips 66 Partners (PSXP) a Good Value Investor Stock? - www.zacks.com
|2021-03-10 $ 31.08 (2.37%)|
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NuStar (NS) Announces Expansion of Albuquerque Pipeline - www.zacks.com
|2021-02-26 $ 26.68 (-2.06%)|
|2021-02-17 $ 26.74 (0.49%)|
|2021-02-03 $ 25.43 (3.63%)|
Phillips 66 Partners (PSXP) Down 8.4% Since Q4 Earnings Miss - www.zacks.com
|2021-01-30 $ 25.12 (-6.27%)|
|2021-01-29 $ 25.12 (-6.27%)|
|2021-01-25 $ 29.34 (2.77%)|
What's in Store for Phillips 66 Partners (PSXP) Q4 Earnings? - www.zacks.com
Top Insider Buys Highlight for the Week of Jan. 22 - GuruFocus.com
|2020-12-15 $ 29.88 (0.78%)|
Phillips 66 (PSX) Cuts '21 Capital Budget, Focuses on Renewables - www.zacks.com
|2020-11-17 $ 24.95 (1.92%)|
|2020-11-12 $ 24.34 (-1.85%)|
Phillips 66 (PSXP) Gains 2.4% as Q3 Earnings Meet Estimates - www.zacks.com
|2020-10-30 $ 23.47 (-3.85%)|
|2020-10-27 $ 25.06 (-1.8%)|
|2020-10-15 $ 25.29 (1.69%)|
|2020-10-14 $ 25.29 (1.69%)|
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|2020-10-08 $ 24.43 (6.54%)|
|2020-09-01 $ 27.28 (1.34%)|
Phillips 66 Partners Starts Gray Oak Pipeline's Open Season - www.zacks.com
5 High-Yield Dividend Stocks to Watch - www.fool.com
|2020-08-10 $ 28.61 (0.46%)|
Phillips 66 (PSXP) Q2 Earnings & Revenues Beat Estimates - www.zacks.com
|2020-07-14 $ 29.9 (-1.81%)|
|2020-07-13 $ 30.45 (-2.53%)|
|2020-05-11 $ 42.89 (-2.79%)|
Phillips 66 Partners (PSXP) Q1 Earnings Beat, Revenues Miss - www.zacks.com
|2020-05-02 $ 41.56 (-2.33%)|
|2020-05-01 $ 41.56 (-2.33%)|
|2020-04-09 $ 36.75 (-2.98%)|
|2020-03-26 $ 36.81 (2.08%)|
|2020-03-25 $ 36.06 (11.57%)|
Phillips 66 Cuts 2020 Capex, Halts Share Buybacks, Up 8.3% - www.zacks.com
|2020-02-21 $ 62.28 (-0.08%)|
|2020-02-07 $ 61.07 (0.3%)|
|2019-11-15 $ 55 (0.04%)|
|2019-09-13 $ 57.74 (2.91%)|
Weekly Top Insider Buys Highlight for the Week of Jan. 18 - GuruFocus.com
|2018-11-01 $ 49.08 (0.35%)|
|2018-01-30 $ 51.9 (-2.88%)|
T. Boone Pickens: A Man With a Plan - GuruFocus.com
|2017-08-21 $ 45.48 (-2.26%)|
T. Boone Pickens' Top 4 New Buys - GuruFocus.com