Occidental Petroleum: A Top Buffett Stock On Sale
Portfolio Pulse from
Warren Buffett has been purchasing shares of Occidental Petroleum, with an average cost of $53. Despite previous speculation, he resumed buying in December. Occidental Petroleum is rated 'A' for profitability by Seeking Alpha Quant due to its high margins.
January 10, 2025 | 7:00 am
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POSITIVE IMPACT
Warren Buffett has resumed buying Occidental Petroleum shares, indicating confidence in the company's profitability and potential for growth.
Warren Buffett's continued investment in Occidental Petroleum suggests a positive outlook on the company's future performance. His actions often influence investor sentiment, potentially driving up the stock price. The 'A' rating for profitability further supports a positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100