Berkshire Hathaway Inc., the firm founded and owned by Omaha, Nebraska financier Warren Buffet has increased its holdings in Phillips 66, now owning 15 percent of the company.
The increase came after the company bought 642,841 shares of the oil refiner over the past several days. Berkshire Hathaway made the disclosure in a filing with the Securities and Exchange Commission.
Workers at the Phillips 66 former headquarters in Bartlesville now know the purchase gives the company ownership of 76.4 million shares of Phillips 66. It was last August when the company revealed its ownership represented 10 percent of the company stock. At the end of 2015, Berkshire Hathaway owned 61.5 million shares.
