After taking a break of nearly two weeks, Warren Buffett has resumed and accelerated his Phillips 66 shopping spree.
In a new filing, Buffett's Berkshire Hathaway reveals that over three days late last week, the company purchased another 2.5 million shares of the energy giant for almost USD 200 million.
The new purchases were made around USD 77, USD 78, and USD 79 per share. As there can be a lag of several days between purchases and SEC filings, we may find out soon if Berkshire continued to buy.
Over 12 months of buying starting in early January, Berkshire has picked up 10.8 million shares for USD 832 million, at an average price just under USD 77.
Berkshire's 72.3 million share stake is now worth USD 5.7 billion. That's about 13.5 percent of the share outstanding, making Buffett by far the largest shareholder. Number two Vanguard owns 31.8 million shares, about 6 percent of the available shares.
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