Warren Buffett divests Intel holdings, buys stakes in oil-services firms
San Antonio Business Journal by James Aldridge, Web Editor
Date: Tuesday, August 14, 2012, 5:27pm CDT- James Aldridge
- Web Editor- San Antonio Business Journal
Berkshire Hathaway Inc., the holding company controlled by billionaire investorWarren Buffett, disclosed in a regulatory filing on Tuesday that the company sold all of its 7.7 million shares of Intel Corp., the Washington Post reported.
The Omaha, Neb.-based company also bought 2.8 million shares in National Oilwell Varco Inc. (NYSE: NOV) and 27 million shares of Houston-based Phillips 66(NYSE: PSX), according to the report.
Houston-based National Oilwell Varco operates an office in San Antonio that supplies frac sand handling equipment to oil-and-gas companies.
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