- Berkshire Hathaway (BRK.A, BRK.B) has resumed its purchases of Phillips 66 (NYSE:PSX), spending roughly $832M in January to boost its stake even as the oil refiner's profit margins narrowed.
- According to a regulatory filing, the conglomerate paid about $198M last week for 2.54M shares of PSX, giving it 72.29M overall, or a roughly 13.7% stake in the company.
- Phillips 66 is Berkshire's sixth-largest stock holding.
Berkshire ups stake in Phillips 66
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| Symbol | Last Price | % Chg |
|---|---|---|
| BRK.A | - | - |
| Berkshire Hathaway Inc. | ||