Berkshire Hathaway Increases Stake in Phillips 66 by $400 million

In SEC Form 4 filings, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has disclosed that on each of the first six trading days of 2016 it has added to its stake in Phillips 66 (NYSE: PSX) at prices of $75 – $80 per share.  This additional investment of approximately $400 million has resulted in Berkshire owning 66.6 million shares of Phillips 66, or 12.5 percent of its outstanding shares.  Berkshire’s stake in Phillips 66, at its closing price of $75.25 on January 13, is valued at $5 billion.