Occidental Petroleum Corporation (OXY)
3 Stocks Warren Buffett Still Can't Stop Buying as This Year Comes to an End
Warren Buffett has made some rather bearish moves in Berkshire Hathaway's (BRK.A 0.80%) (BRK.B 0.95%) stock portfolio in the past few quarters. Most notably, the legendary investor disposed of significant portions of both the Apple and Bank of America investments that have performed extremely well for Berkshire.
Warren Buffett Just Bought $562 Million Worth of These 3 Stocks
Warren Buffett hasn't seen a lot to like in the stock market lately. Through the first three quarters of 2024, Berkshire Hathaway (BRK.A 0.80%) (BRK.B 0.95%) sold $133 billion worth of stock from the portfolio he manages for the conglomerate.
Occidental Petroleum: Buffett Teaches The Market A Lesson
Warren Buffett's continued investment in Occidental Petroleum highlights a typical great investor's long-term strategy of buying bargains. Great investors like Buffett buy bargains and sell during favorable industry cycles. Many investors lack faith in their due diligence. They then worry that a future stock price drop indicates a mistake.
Warren Buffett Is Ending 2024 With Even More of This Energy Stock. Should You Buy It Before 2025?
Just when it looks like Warren Buffett is done adding a position in a particular company, you learn he isn't. Last week, Berkshire Hathaway (BRK.A -0.07%) (BRK.B 0.25%) expanded an already-massive Occidental Petroleum (OXY 1.51%) holding that hadn't been touched in months, capitalizing on the stock's 35% pullback from April's peak that more or less aligns with crude oil's price action for the same time frame.
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Warren Buffett's Berkshire Hathaway Is Buying More Shares of Occidental Petroleum. Should You Buy the Beaten-Down Oil Stock?
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.
Warren Buffett Surprises With 3 Huge Insider Buys
Much attention has been paid lately to the fact that Warren Buffett has been trimming stakes and building a cash hoard.
Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM
Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway (BRK.A) added to its holdings of the stocks.
Warren Buffett just loaded up on these 3 stocks
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.
Occidental Petroleum Stock Pops on Buffett Stake
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.
Occidental: Look To Buy Alongside Buffett
The energy sector has underperformed in the last 6-8 months, while the overall stock market has surged. Occidental Petroleum Corp. has dropped significantly as Warren Buffett stopped supporting the stock below $60. My investment thesis is now Neutral on Occidental Petroleum following its dip to $45.
Occidental Petroleum: Offsetting Near-Term Headwinds With Margin Optimization
In 3Q24, OXY posted another strong quarter, growing revenues by 0.21% q/q and 5.2% q/q. Operating margins improved from 53.72% to 57.01% due to reduction in well and drilling costs. OXY's initiatives in margin enhancement and balance sheet strengthening can provide significant value, potentially leading to increased dividends or share repurchases. Macroeconomic headwinds, such as depressed crude oil prices and China's economic struggles, pose short-term risks to OXY's performance.
