Occidental Petroleum (OXY) Stock Gets Boost From Yet Another Buffett Buy
Source: Pavel Kapysh | Shutterstock.com Occidental Petroleum (NYSE: OXY ) stock is rising on Tuesday after Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A , BRK.B ) increased its stake in the company . Berkshire Hathaway bought an additional 794,389 shares of OXY stock in two transactions Thursday. That includes a purchase of 793,489 shares at a price of $55.3895 each. The second batch is made up of 900 shares for $56.09 each. Following this latest purchase, Berkshire Hathaway now owns 153,508,235 shares of OXY stock. Buffett’s investment firm already owned a more than 10% stake in the company before this purchase. Following it, the firm now holds a 16.4% stake in the oil company. Berkshire Hathaway has increased its stake in OXY stock quite a few times recently. This saw the investment firm add 9.5 million shares to its holdings on June 17 and June 22. Buffett’s growing interest in OXY shares comes as oil prices have experienced major increases these last few months. 7 Butchered Tech Stocks to Buy and Hold So how’s trading for OXY stock today following the news?
Occidental Petroleum (OXY) Stock Gets Boost From Yet Another Buffett Buy
Source: Pavel Kapysh | Shutterstock.com Occidental Petroleum (NYSE: OXY ) stock is rising on Tuesday after Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A , BRK.B ) increased its stake in the company . Berkshire Hathaway bought an additional 794,389 shares of OXY stock in two transactions Thursday. That includes a purchase of 793,489 shares at a price of $55.3895 each. The second batch is made up of 900 shares for $56.09 each. Following this latest purchase, Berkshire Hathaway now owns 153,508,235 shares of OXY stock. Buffett’s investment firm already owned a more than 10% stake in the company before this purchase. Following it, the firm now holds a 16.4% stake in the oil company. Berkshire Hathaway has increased its stake in OXY stock quite a few times recently. This saw the investment firm add 9.5 million shares to its holdings on June 17 and June 22. Buffett’s growing interest in OXY shares comes as oil prices have experienced major increases these last few months. 7 Butchered Tech Stocks to Buy and Hold So how’s trading for OXY stock today following the news?