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The oracle of Omaha Warren Buffett has purchased over 3 million additional shares in Houston-based Phillips 66.

According to an SEC filing seen by Motley Fool, Buffett’s firm Berkshire Hathaway has purchased 3.2 million shares of Phillips 66.

The new purchase pushes Berkshire’s total holdings in Phillips 66 up to about 79 million shares, or a 15 percent stake.

Phillips 66, a midstream and downstream firm, was spun off of ConocoPhillips in 2012.

Earlier this month, Phillips 66 reported an adjusted EBITDA of $97.3 million, up 71 percent year-over-year.

The company’s distributable cash flow climbed 77 percent year-over-year to $84.4 million in the second quarter of 2016.

Phillips ended the first half of 2016 with $2.2 billion of cash, $4.9 billion in undrawn credit facilities and $7.1 billion in total committed liquidity.

As of the end of December, Phillips 66 had $49 billion in assets.

According to investor materials provided by Phillips 66, the company has seen a 138 percent total return on investment since its initial public offering in July 2013.

Those gains came despite a 16 percent loss across the Alerian MLP Index over the same period.

That performance has allowed Phillips 66 to buyback about 17 percent of its outstanding shares and raise its dividend more than 200 percent since 2012, the Motley Fool said.

Phillips 66 boosted its dividend by 12 percent in 2015 and returned $2.7 billion of capital to shareholders through dividends and share repurchases, according to the company’s website.

Berkshire stands to earn about $200 million in dividends from its Phillips 66 holdings this year, according to the Motley Fool.