Warren Buffett just disclosed his newest $4.5 billion investment pick

Julia La Roche

Sat, Aug 29, 2015, 9:09 AM

(Bill Pugliano/Getty Images)
Billionaire investor Warren Buffett.

On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX).

Buffett now owns 57,975,456 shares, or a 10% stake, in the Texas-based energy company, according to a securities filing posted shortly after 8 p.m. ET.

As of Friday's share price close at $77.23, Buffett's stake is valued at more than $4.47 billion.

Buffett had been aggressively buying shares of Phillips 66 since Wednesday of this week.

Earlier this month, Buffett had indicated in his 13-F filing that he was building a new position.

Here's a rundown of Buffett's purchases over the last few days.

(SEC.gov)

Here's the Phillips 66 stock chart for this week:

(Google Finance)

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