How To Buy Phillips 66 Partners LP (PSXP) Stock

How To Buy PSXP

Phillips 66 Partners LP (PSXP) is a common stock listed on the NYSE exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of PSXP.

1. Find a reliable broker.

   Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy Phillips 66 Partners LP from:

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for PSXP.

   When your funds are settled into your account, look for Phillips 66 Partners LP on your broker by searching for the company name: Phillips 66 Partners LP or the ticker symbol: PSXP.

4. Buy the stock.

   Once that you've found Phillips 66 Partners LP on your broker, submit a purchase order to buy shares of the stock (currently $42.14 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of Phillips 66 Partners LP.

   Tips When Buying

   When submitting your order, you may choose to buy shares of Phillips 66 Partners LP at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of PSXP at a specific price.

Should You Buy PSXP Stock Now?

In the past week the price per share of Phillips 66 Partners LP has gone up ↑42.14 (inf%) and the daily volume has increased by more than 2x the daily average. You should buy PSXP now if you think the stock will continue going up in price.

In the end, you should be comfortable with the risk of the investment and only buy shares of PSXP when you feel the time is right.