Value Investing

Berkshire’s PSX investment is Now Valued At $5.9 Billion

In an SEC Form 4 filing this evening, Berkshire Hathaway reported that it added $64 million to its stake in Phillips 66 (NYSE: PSX) on May 19, 20 and 23 at approximately $77.50 – $78.50 per share.  Berkshire Hathaway now owns 76.4 million shares of PSX, representing 14.5% of its outstanding shares.  This is the first PSX purchase Berkshire has made in three months.  Berkshire’s PSX investment is valued at $5.9 billion at today’s closing price on the New York Stock Exchange of $77.82.  Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Berkshire’s PSX investment is Now Valued At $5.9 Billion
Source: Wikimedia Commons

Like Us On Facebook - For Business And General News: ValueWalk - For Tech And Science News: ValueWalk Tech - For Tech Insights, Technical Questions and Queries: Follow Our COO, Sheeraz Raza.