Massive insider trade: Warren Buffett's $100M bet on this stock

Core Viewpoint - Warren Buffett continues to demonstrate confidence in Occidental Petroleum (OXY) by significantly increasing his stake through substantial insider trading activities, indicating a bullish outlook on the company's future performance [1][2][5]. Group 1: Insider Trading Activities - Berkshire Hathaway filed a substantial purchase of 250,583,605 OXY shares valued at $153.3 million, raising its stake in Occidental Petroleum to 28.26% of its portfolio [2]. - Recently, Buffett acquired an additional 1,750,308 shares worth approximately $105.5 million, with purchases occurring on June 10, 11, and 12 at an average price around $60 [9][10]. Group 2: Stock Performance and Analyst Predictions - As of June 13, Occidental Petroleum shares were trading at $60.28, reflecting a 0.51% drop for the day, a 1.11% increase over the past week, and a 4.41% decline over the month [3]. - Wall Street analysts have set an average price target of $72.15 for Occidental Petroleum over the next 12 months, with a high forecast of $90.00 and a low of $63.00, representing a potential 19.65% upside from the current price [5][6].