Warren Buffett has hiked his stake in Phillips 66 (NYSE:PSX) stock to more than 13% in January, up from about 10% last August.
Over three days late last month, Buffett's conglomerate Berkshire Hathaway Inc. (NYSE:BRK.A) bought another 2.5 million shares of the independent refinery giant for $200 million. The total purchase was just over $800 million in the month.
Shares of the Houston, Texas-based Phillips 66 hit a three-month low of $75.25 in early January, down from PSX stock's 52-week high of $94.12 touched in early November.
Berkshire revealed its purchases.
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Over three days late last month, Buffett's conglomerate Berkshire Hathaway Inc. (NYSE:BRK.A) bought another 2.5 million shares of the independent refinery giant for $200 million. The total purchase was just over $800 million in the month.
Shares of the Houston, Texas-based Phillips 66 hit a three-month low of $75.25 in early January, down from PSX stock's 52-week high of $94.12 touched in early November.
Berkshire revealed its purchases.
Den vollständigen Artikel lesen ...