A new SEC filing reveals someone at Berkshire Hathaway, either Buffett himself or his portfolio managers, is very excited about Occidental Petroleum.
More than 61 million of the shares now in its portfolio were purchased on Wednesday, Thursday, and today, at prices ranging from $47.07 to $56.45.Berkshire did not respond Friday night to CNBC's request for comment.
We don't know exactly when it bought, or what Berkshire paid for those 29 million shares, because it had not yet hit theBerkshire only owns around 9% of Occidental's common shares. But it also has warrants to buy another 83.9 million shares at $59.62. Even though the warrants have not been exercised, for the purposes of the SEC filing trigger they have to be counted, technically putting Berkshire's stake at more than 17%.
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