PSXP - Shares of Phillips 66 Partners LP representing limited partner interest in the Partnership (PSXP) Exceed 52-Week High
Shares of Phillips 66 Partners LP representing limited partner interest in the Partnership (NYSE:PSXP) traded at a new 52-week high today of $45.30. Approximately 53,000 shares have changed hands today, as compared to an average 30-day volume of 728,000 shares.
In the past 52 weeks, shares of Phillips 66 Partners LP representing limited partner interest in the Partnership have traded between a low of $24.96 and a high of $45.30 and is now at $45.30, which is 81% above that low price.
Based on a current price of $45.30, Phillips 66 Partners LP representing limited partner interest in the Partnership is currently 3.0% above its average consensus analyst price target of $43.96.
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.
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