Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
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Analyst says Buffett's stake in Occidental (OXY) could exceed 40%
May 19, 2023 8:32 AM EDTBerkshire Hathaway (NYSE: BRK) acquired more shares of Occidental Petroleum (NYSE: OXY), the oil company said.
The investment giants stake is now roughly 24.4% after paying about $201 million to buy 3.46 million OXY shares this week. Berkshire now... More
Berkshire's (BRK) percentage ownership of Occidental (OXY) could significantly increase - Wells Fargo
May 19, 2023 6:35 AM EDTWells Fargo analyst Roger Read reiterated an Equal Weight rating and $64.00 price target on Occidental Petroleum (NYSE: OXY).
"Investors regularly inquire if BRK will attempt to purchase a majority stake in OXY. We do not know and have not had direct conversations... More
