Warren Buffett Reported Purchase Of 10,482,162 Shares Of Occidental Petroleum Wednesday @ Avg Price Of $56.16/Share In Form 4 Filing
Portfolio Pulse from Charles Gross
Warren Buffett's Berkshire Hathaway has purchased an additional 10,482,162 shares of Occidental Petroleum (OXY) at an average price of $56.16 per share, as reported in a Form 4 filing.
December 14, 2023 | 10:19 am
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POSITIVE IMPACT
Berkshire Hathaway's purchase of additional shares in Occidental Petroleum indicates increased confidence in OXY, potentially signaling a positive outlook to investors.
Warren Buffett's investment moves are closely watched by the market. His additional purchase of OXY shares suggests a bullish stance on the company's future performance. Given Buffett's influence and track record, this could lead to increased investor confidence and a potential short-term rise in OXY's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100