Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) continues to accumulate shares of Occidental Petroleum (NYSE:OXY). As per TipRanks’ Insider Trading Activity Tool and an SEC filing, Berkshire purchased 5.99 million shares of Occidental in multiple transactions between September 26 to September 28, at prices ranging from $57.52 to $58.18. The aggregate amount of these transactions is $352.5 million. According to a Reuters report, with this latest round of purchases, Berkshire’s stake in Occidental has increased to 20.9% from 20.2%. Berkshire's stake in Occidental Petroleum stock allows it to include the proportionate share of Occidental's earnings with its own operating results under the equity method of accounting.
https://www.tipranks.com/news/buffetts-berkshire-loads-up-additional-occidental-petroleum-nyseoxy-stock?utm_source=advfn.com&utm_medium=referral
Occidental Petroleum (NYSE:OXY)
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