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Friday, 02/05/2016 10:45:43 AM

Friday, February 05, 2016 10:45:43 AM

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Buffett's new buys bring Phillips 66 stake near 14% (2/04/16)

By: Carl Surran, SA News Editor

Berkshire Hathaway (BRK.A, BRK.B) discloses the purchase of 1.69M more shares this week of Phillips 66 worth ~$132M to give it ownership of nearly 14% of the oil refiner.

Over 15 days of buying since Jan. 4, Warren Buffett's conglomerate has spent $964M to add 12.5M shares to its PSX stake.

The new purchases were made between $77.40 and $78.53; the average price paid overall for the January and February buys is $77.13.

http://seekingalpha.com/news/3083386-buffetts-new-buys-bring-phillips-66-stake-near-14-percent

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