> Warren Buffett Blog: Berkshire continuing to add to Phillips 66 stake

Tuesday, January 19, 2016

Berkshire continuing to add to Phillips 66 stake

Warren Buffett's Berkshire Hathaway is continuing its string of Phillips 66 stock purchases, and Berkshire now controls 12.9 percent of the oil refiner.

Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of an additional 1.6 million Phillips 66 shares. 

Buffett’s company has now bought nearly 7.5 million shares of Phillips 66 this month. 

It’s possible the buying may continue because Phillips 66 share prices haven’t increased above the range where Berkshire has been buying.