Berkshire Hathaway acquires more shares in Occidental Petroleum

Berkshire

Stocks

BRKA.US, Berkshire Hathaway Inc - class A

Sirius XM

Stocks

SIRI.US, Sirius XM Holdings Inc

Verisign

Stocks

VRSN.US, VeriSign Inc

Berkshire Hathaway (BRKA.US) led by Warren Buffet has decided to increase its shareholding in Occidental Petroleum (OXY.US) to a total of 4.58% of the value of BRKA's total portfolio. The company reported a series of purchases of 8,896,890 shares in the company, worth $409 million. Occidental's shares are gaining nearly 5% today.

The latest reported transactions by Berkshire Hathaway. At the same time, the holding increased its stake in VeriSign (VRSN.US) and Sirius XM (SIRI.US). Source: hedgefollow

The company's shares are gaining 5% today, nevertheless they continue to maintain a strong downtrend from a technical perspective. Source: xStation

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Berkshire Hathaway acquires more shares in Occidental Petroleum

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