Phillips 66
P/E: 9.3
Div Yield: 2.8%
Payout: 28.5%
D/E: 0.4
5yr EPS growth rate: 62%
I don't see much talk about PSX, but their numbers don't look bad since being spun off of COP. Thoughts?
I'm a fan of PSX. I acquired shares in the spinoff and even bought a few afterwards. The yield does not get me extremely excited, but the low payout ratio and commitment to dividend growth sure do.
(01-05-2016, 01:03 PM)EricL Wrote: [ -> ] (01-05-2016, 11:50 AM)rapidacid Wrote: [ -> ]FWIW PSX is now Buffet's 6th largest holding and he got rid of XOM to make way for it if I recall correctly
http://www.dataroma.com/m/holdings.php?m=brk
Weird. Just last week I sold my PSX to buy XOM. =)
The big man may have seen it as something similar but he could buy ~10% of the company and have more influence over direction
Personally I don't own PSX but am big into XOM
I've owned PSX since the spinoff and have added regularly through DRIP. Also, I buy PSX for my kids in their UTMA DRIP accounts each month. I think in 5-10 years, we're going to look back and kick ourselves for not owning more of it. I think their management is very competent and conservatively run the business, and they are very shareholder friendly.