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PSX
#1
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?
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#2
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.
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#3
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

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#4
(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. =)
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#5
(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

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#6
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.
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#7
Berkshire Hathaway just bought another 800k shares of PSX, bringing their ownership of the company up to 12%.

http://seekingalpha.com/news/3025266-ber...-66-shares
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#8
(01-12-2016, 08:59 AM)DividendGarden Wrote: Berkshire Hathaway just bought another 800k shares of PSX, bringing their ownership of the company up to 12%.

http://seekingalpha.com/news/3025266-ber...-66-shares

Outdone by Buffett again. I only bought 750,000 shares of PSX last quarter.
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#9
(01-12-2016, 09:19 AM)Kerim Wrote:
(01-12-2016, 08:59 AM)DividendGarden Wrote: Berkshire Hathaway just bought another 800k shares of PSX, bringing their ownership of the company up to 12%.

http://seekingalpha.com/news/3025266-ber...-66-shares

Outdone by Buffett again. I only bough 750,000 shares of PSX last quarter.

   
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan


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