- Phillips 66 (NYSE:PSX) was one of today's stronger oil and gas stocks following the disclosure that Berkshire Hathaway (BRK.A, BRK.B) had added to its stake in the refiner and now owns nearly 12% of the stock.
- BRK said it bought more than 759K PSX shares last Wednesday, and now owns 62.3M shares.
- BRK disclosed a $4.5B stake in August and increased its position the following month, then halted purchases until last week, when it added stock for less than $80/share.