The Oracle from Omaha is at it again.
Berkshire Hathaway Inc., the firm founded and operated by investment guru Warren Buffett, is increasing its holdings in Phillips 66. The company manages a U.S. stock portfolio amounting to nearly $130 billion.
A regulatory update filed on Monday with the U.S. Securities and Exchange Commission revealed Berkshire Hathaway held 78.8 million shares of Phillips 66 stock, representing almost 15 percent of the oil refiner’s stock. Three months ago, Berkshire Hathaway held 75.6 million Phillips 66 shares.
Berkshire Hathaway has shown continuous interest in the diversified energy manufacturing and logistics company.
Houston-based Phillips 66 maintains a facility in Bartlesville, Oklahoma.
Besides investments, Berkshire Hathaway owns more than 90 companies in a variety of industries, including insurance, utilities, BNSF railroad, furniture and jewelry.
