The Oracle of Omaha continues his binge on one of his favorite oil and gas stocks, Occidental Petroleum (NYSE:OXY). A regulatory filing on July 7 disclosed that Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) splurged another $697.73 million on buying an additional 12,042,470 OXY shares. Berkshire bought OXY stock between July 5 and July 6 through multiple transactions at prices ranging between $57.2623 and $59.0455. Following this purchase, Berkshire, which is already a major shareholder, owns roughly 18.7% of Occidental Petroleum with about 175 million shares. In addition to the Insider Trading tool, a list of Daily Insider Transactions, Insiders’ Hot Stocks, and Top Corporate Insiders are available on the TipRanks, which might interest investors.
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Occidental Petroleum (NYSE:OXY)
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