Warren Buffett's company, Berkshire Hathaway (BRK.A 1.37%) (BRK.B 0.86%), can't seem to get enough of Occidental Petroleum (OXY 3.90%). The conglomerate recently purchased another 8.9 million shares of the oil company for $405 million. Buffett's company now owns over 264 million shares worth almost $12.5 billion, totaling more than 28% of Occidental's outstanding shares. Here's a look at the likely factors driving Berkshire Hathaway to scoop up so much of the oil stock and some things to consider before you ...

Key TakeawaysWarren Buffett's Berkshire Hathaway has added to its holdings of shares of Occidental Petroleum and SiriusXM Holdings.According to regulatory filings, Berkshire Hathaway purchased 8.9 million shares of Occidental Petroleum and 5.0 million shares of SiriusXM Holdings.Shares of both companies have tumbled this year, hitting their lowest levels of 2024 yesterday. Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire ...

As one of the most successful investors of all time, every single move that Warren Buffett makes in the markets naturally attracts attention. The ‘Oracle of Omaha’ has managed to outperform the markets on a consistent basis — and while that is a tall order, his approach is based on a surprisingly simple set of rules.The billionaire is a value investor — in other words, he looks for undervalued businesses that have solid fundamentals. In addition to this, he has a noted preference for stocks that have a moat ...

Shares of Occidental Petroleum Corp (NYSE:OXY) are up 4.4% at $47.36 at last glance, after Warren Buffett's Berkshire Hathaway (BRK) bought an addition 8.9 million shares in the energy producer. This is just one of the conglomerate's moves to buy stocks on the dip after the recent selloff, and Occidental is Berkshire's sixth-largest equity holding. OXY has moved lower since breaking below support at the $50 level earlier this month, and yesterday hit a two-year low of $45.17. The stock's "oversold" conditio ...

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Based on my analysis, I believe in the long-term potential for Occidental Petroleum (NYSE: OXY ). Despite near-term headwinds, OXY's initiatives in margin enhancement can provide significant value to shareholders. Moreover, as the company continues to strengthen its balance sheet, there isWith over 7 years of experience in the buy-side, my investment philosophy is rooted in both fundamental bottom-up analysis and quantitative modelling. My forte lies in identifying perception gaps to capitalize on over-pess ...

Every once in a while, the markets align themselves to offer investors a perfect way to get into a specific sector, with every tailwind behind it coming from other asset classes. Today, there are tailwinds brewing in the spreads between value stocks and growth stocks, which have fallen to a multi-decade low to show investors a potential shift in the market for the coming months. When investors graph out the difference between prices in the iShares S&P 500 Value ETF NYSEARCA: IVE and its distant opposite the ...

The energy sector has been plagued by a difficult few years, with volatile oil prices, extended geopolitical tensions, and a complex dynamic as customers and governments slowly pivot towards renewable forms of generation. Debt levels have always been high inGordon is a freelance investment writer from Glasgow, Scotland. With a Masters Degree in Civil Engineering, he also works in Asset Management, and runs a financial education company called Oak Investing with a wide following across 40 countries. With a p ...

I last covered Occidental Petroleum Corporation (NYSE: OXY ) stock on 10-30-2024. That article was titled "Exxon Mobil Is Both Cheaper And Better Than Occidental Petroleum" as you can see from As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas.We have helped our members not only to beat S&P 500 but also avoid hea ...

Warren Buffett is one of the most famous investors alive — and his reputation is well-earned. The ‘Oracle of Omaha’ has managed to outperform the wider market consistently using a level-headed, long-term approach based on value investing.Unsurprisingly, investors across the board — from lowly retail investors to high-flying hedge fund managers keep a close eye on his investments, hoping to emulate at least some of his successes.However, not all of Buffett’s investments end up being successful — the Dexter S ...