Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million units of the company’s stock at an average price of roughly $63 per share. According to a filing with the Securities and Exchange Commission , Berkshire Hathaway has upped its holdings from 25.1% to 25.8% of the oil producer. Shares of the energy company drifted lower on Thursday. Berkshire’s latest purchase brings its total to 228 million shares worth $14.5 billion.
In addition to Occidental Petroleum, Berkshire holds equity in a variety of companies, including longtime holdings; American Express, Coca-Cola, Chevron and a more recently homebuilders D.R. Horton and Lennar. GET FOX BUSINESS ON THE GO BY CLICKING HERE
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