Keep an eye on Occidental Petroleum (OXY). After pulling back from about $71, Berkshire Hathaway bought another 2.6 million shares, lifting its stake in the oil company to 250.6 million. We’ve often said that each time OXY dips, Buffett and Co. are likely to buy more, as we’ve seen again.
“Berkshire bought the stock, valued at more than $150 million, on Wednesday through Friday and paid just under $60 a share, according to a Form 4 filing with the Securities and Exchange Commission,” as noted by Barron’s.