May 262016

In an SEC Form 4 filing this evening, Berkshire Hathaway reported that it added $51 million to its stake in Phillips 66 (NYSE: PSX) on May 24, 25, and 26 at $79.10 – $79.97 per share.  Berkshire Hathaway now owns 77 million shares of PSX, representing 14.6% of its outstanding shares.  Berkshire’s PSX investment is valued at $6.2 billion at today’s closing price on the New York Stock Exchange of $80.04.  Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.

 Posted by at 9:39 pm

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