Skba Capital Management LLC Has $9.65 Million Stock Position in Phillips 66 (NYSE:PSX)

Skba Capital Management LLC cut its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,735 shares of the oil and gas company's stock after selling 3,650 shares during the period. Phillips 66 accounts for about 1.5% of Skba Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. Skba Capital Management LLC's holdings in Phillips 66 were worth $9,654,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PSX. Bank of New York Mellon Corp increased its stake in shares of Phillips 66 by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock worth $1,064,601,000 after purchasing an additional 639,323 shares during the last quarter. Norges Bank acquired a new position in Phillips 66 during the fourth quarter worth approximately $497,648,000. Amundi increased its position in Phillips 66 by 25.7% during the fourth quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock worth $428,081,000 after buying an additional 753,653 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Phillips 66 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company's stock valued at $342,131,000 after buying an additional 101,108 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $168,790,000. 76.93% of the stock is currently owned by institutional investors.

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Phillips 66 Price Performance

Shares of Phillips 66 stock traded up $0.90 on Tuesday, reaching $124.38. 2,000,871 shares of the stock were exchanged, compared to its average volume of 2,781,506. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a market cap of $50.71 billion, a PE ratio of 25.18, a P/E/G ratio of 4.84 and a beta of 1.31. The firm's 50 day moving average is $124.90 and its 200-day moving average is $125.49. Phillips 66 has a one year low of $108.91 and a one year high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the firm earned $3.09 EPS. As a group, analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price for the company. in a research note on Thursday, March 27th. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Barclays raised their price objective on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Finally, Mizuho reduced their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.43.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.