PSXP - Phillips 66 Partners LP representing limited partner interest in the Partnership: 52-Week High Recently Eclipsed (PSXP)
Shares of Phillips 66 Partners LP representing limited partner interest in the Partnership (NYSE:PSXP) traded today at $43.93, eclipsing its 52-week high. This new high was reached on below average trading volume as 91,000 shares traded hands, while the average 30-day volume is approximately 771,000 shares.
Phillips 66 Partners LP representing limited partner interest in the Partnership (NYSE:PSXP) has potential upside of 46.9% based on a current price of $43.49 and analysts' consensus price target of $63.90.
Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.
In the past 52 weeks, Phillips 66 Partners LP representing limited partner interest in the Partnership share prices are bracketed by a low of $24.21 and a high of $43.93 and is now at $43.49, 80% above that low price.
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