Warren Buffett's Bold Move: Acquiring a 10% Dividend Yield Stock
Warren Buffett's Berkshire Hathaway purchased just over 51,000 shares in oil and gas company Vitesse Energy (NYSE: VTS) in the first quarter. It's not a significant position for Berkshire -- the current value is just over $1.1 million. However, it is intriguing for retail investors who want to follow the oracle of Omaha into a stock currently yielding 9.5%. So let's look at Vitesse and why it might attract income-seeking investors.
The stock has all the hallmarks of a Buffett value stock purchase. The key to this argument is as follows:
Image source: The Motley Fool.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€569,000
0.260%
Berkshire Hathaway Inc. A is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 14.24% for Berkshire Hathaway Inc. A compared to the current price of 569000.0 €.
