Is Occidental Petroleum Stock a Buy?
Over the past several quarters, Warren Buffett and his team at Berkshire Hathaway have reduced many of their holdings, including selling shares of Apple and Bank of America. However, one stock the conglomerate can't stop buying lately is Occidental Petroleum (NYSE: OXY).
In the second quarter, Berkshire Hathaway purchased 7.3 million shares in the oil and gas producer, bringing its total stake to 255.3 million, worth around $13 billion today. Berkshire Hathaway can't seem to get enough Occidental, but is the stock suitable for your portfolio?
Let's dive into the business and its long-term opportunity to see if an answer presents itself.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€610,000
0.080%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 6.56% compared to the current price of 610000.0 € for Berkshire Hathaway Inc. A.
