Phillips 66 Stock

PSX Stock: This Is Why Warren Buffett Is Buying Phillips 66

Warren Buffett Is Bullish on PSX Stock Phillips 66 (NYSE:PSX) stock is our favorite way to invest in the oil industry...and now even Warren Buffett agrees with us. In a Securities and Exchange Commission (SEC) filing published last August, Buffett revealed he had been secretly accumulating Phillips 66…

PSX Stock: This Is Why Warren Buffett Bought $800 Million Phillips 66

This Stock Has a Great Track Record Not surprisingly, Warren Buffett bought $800 million of PSX stock because Phillips 66 (NYSE:PSX) has solid potential in this market. Lower fuel prices mean greater consumption after all. Phillips 66 is a midstream energy operator that was a spin-off from ConocoPhillips…

PSX Stock: Here's Why Warren Buffett Bought $800 Million of Phillips 66

Warren Buffett has hiked his stake in Phillips 66 (NYSE:PSX) stock to more than 13% in January, up from about 10% last August. Over three days late last month, Buffett’s conglomerate Berkshire Hathaway Inc. (NYSE:BRK.A) bought another 2.5 million shares of the independent refinery giant for $200 million.…