Warren Buffett Keeps Buying This Stock Hand Over Fist: Here's Why He'll Probably Buy Even More
Can you have too much of a good thing? Maybe so. Warren Buffett, though, doesn't seem to fully agree with that philosophy.
Buffett keeps buying one stock hand over fist for Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio. Yesterday, Berkshire revealed via a regulatory filing that it invested an additional $122.1 million in Occidental Petroleum (NYSE: OXY) over a three-day period.
The latest purchase means Berkshire's stake in Occidental now exceeds 25% of all outstanding shares. The oil stock ranks as the sixth-largest holding in Berkshire's portfolio. But that wasn't always the case.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€602,000
0.080%
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
