|Bid||45.67 x 800|
|Ask||0.00 x 800|
|Day's Range||48.72 - 49.36|
|52 Week Range||40.76 - 56.48|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||13.38|
|Earnings Date||Feb 8, 2019|
|Forward Dividend & Yield||3.17 (6.50%)|
|1y Target Est||56.65|
The largest Insider Buys this week were for Phillips 66 Partners LP, DISH Network Corp, FS KKR Capital Corp, and Barings BDC Inc.
Centerpoint and Entergy Texas each registered 14 lobbyists at the state level, more than any other Houston-based entity.
Phillips 66 Partners' (PSXP) ACE Pipeline System is anticipated to have 400,000 barrels per day of initial throughput capacity.
Houston-based Buckeye Pipeline Partners LP (NYSE: BPL) expects its joint venture crude terminal, called South Texas Gateway, to cost between $450 million and $500 million. Buckeye formed the joint venture with Houston-based Phillips 66 Partners LP (NYSE: PSXP) and San Antonio-based Andeavor — which was since absorbed by Ohio-based Marathon Petroleum Corp. (NYSE: MPC) — back in May. The joint venture replaced the similarly named South Texas Gateway pipeline project, which Buckeye canceled at the time.
Several midstream companies are joining forces in hopes that it improves their odds of locking up a new growth project.
Houston-based Phillips 66 Partners LP (NYSE: PSXP) and two other companies have formed a joint venture for a new pipeline system in Louisiana. Phillips 66 Partners — a master limited partnership under Phillips 66 (NYSE: PSX), which is Houston’s largest publicly traded company by revenue — reached an agreement with Houston-based Harvest Midstream Co.
Phillips 66 Partners (PSXP), Harvest Midstream Company, and PBF Logistics LP (PBFX) have entered into an agreement to jointly develop the ACE Pipeline System. The ACE Pipeline System will provide crude oil transportation service from the market hub in St. James, Louisiana, to downstream refining destinations in Belle Chasse, Meraux, and Chalmette, Louisiana. The pipeline system is expected to have an initial throughput capacity of 400,000 barrels per day, with the ability to expand further depending on shipper interest.
Phillips 66 Partners executive management will host a conference call webcast at 2 p.m. EST on Friday, Feb. 8, to discuss the partnership’s fourth-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Refiner stocks took a beating in the fourth quarter of 2018. Now with more attractive valuations and regulatory tailwinds, analysts see double-digit upside for both names.
The Zacks Analyst Blog Highlights: SilverBow, Unit, Approach, Phillips 66 and Shell Midstream
With oil supplies and demand widely expected to be back into balance, oil analysts expect a recovery in prices at least in the first six months of 2019.
The U.S. Justice Department said on Friday a Chinese national had been arrested for stealing trade secrets from a U.S.-based petroleum company, his employer, related to a product worth more than $1 billion. The department alleged Hongjin Tan downloaded hundreds of files related to the manufacture of a "research and development downstream energy market product," which he planned to use to benefit a company in China that had offered him a job. Tan's LinkedIn page said he has worked as a staff scientist for Phillips 66 (PSX.N) in Bartlesville, Oklahoma, since May 2017.
The U.S. Justice Department said on Friday a Chinese national had been arrested for stealing trade secrets from a U.S.-based petroleum company, his employer, related to a product worth more than $1 billion. The department alleged Hongjin Tan downloaded hundreds of files related to the manufacture of a "research and development downstream energy market product," which he planned to use to benefit a company in China that had offered him a job. Tan's LinkedIn page said he has worked as a staff scientist for Phillips 66 in Bartlesville, Oklahoma, since May 2017.
The sooner-than-expected startup of the extended Sunrise oil pipeline system in west Texas has shifted flows of crude and boosted inventories in Cushing, Oklahoma, close to a one-year high, with traders now bracing for builds into next year. Full pipelines have kept crude trapped in west Texas, but the startup of Plains All American's (PAA.N) extended Sunrise pipeline in November has helped send more crude from the Permian basin into Cushing, the delivery point for U.S. crude futures. Stockpiles at Cushing hit 38.2 million barrels last week, the highest since January 2018, according to the EIA.
The Canadian energy infrastructure giant unveiled a bullish outlook for the next several years.
Is Acuity Brands, Inc. (NYSE:AYI) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]
The Zacks Analyst Blog Highlights: Ranger Energy, Enterprise Products, Phillips 66, Cimarex and Helmerich
DENVER, Dec. 04, 2018 -- Today, DCP Midstream, LP (NYSE: DCP) announced that the newly expanded capacity of the Sand Hills natural gas liquids (NGL) pipeline was placed in.