News Summary: Buffett's firm drops Intel, buys oil

News Summary: Buffett's Berkshire Hathaway drops Intel stock, buys Phillips 66

RELATED QUOTES

SymbolPriceChange
BRK-B113.00
PSX65.96
BRK-A169,200.00
INTC24.08
BK30.41

GOOD-BYE: After the market closed Tuesday, Warren Buffett's Berkshire Hathaway said it sold all of its 7.7 million shares in Intel Corp. The move was disclosed in a quarterly regulatory filing detailing the firm's $74.3 billion stock portfolio.

MORE OIL: Berkshire added 2.8 million shares of National Oilwell Varco Inc. and 27 million shares in Phillips 66. Buffett previously mentioned the firm's purchase of stock in Phillips 66, an oil refining company spun out of ConocoPhillips, during a television interview last month.

BANK STAKE: Buffett's firm tripled its stake in Bank of New York Mellon to 18.7 million shares.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    Do you trust the IRS in light of its recent scandals?

    Loading...
    Poll Choice Options