On 2016-07-20, Phillips 66 Partners LP (NYSE:PSXP) confirmed the dividend disbursement of $0.505 a share to shareholders as on record 2016-08-03. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-08-01.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Phillips 66 Partners LP (NYSE:PSXP) paid a total of $0.505 per share in dividends. This figure stood at $0.505 a share in the same period a year ago indicating a deviation of 37.6163%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $62.714 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $65 and $59, respectively.
Taking the mathematical rating formula, the price for Phillips 66 Partners LP (NYSE:PSXP) stands at 1.94. Earnings Review Phillips 66 Partners LP (NYSE:PSXP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $0.58.
Coming to the quarter ending on 2015-12-31, Phillips 66 Partners LP (NYSE:PSXP) recorded EPS of $0.51. The reported numbers came lower than the analysts’ estimates of $0.51, demonstrating a miss of $0 as against reported figures.
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