:max_bytes(150000):strip_icc()/GettyImages-1541106661-4da145eb55b34a7eafda29b5aa9f2178.jpg?w=1500&resize=1500,1110&ssl=1 "Buffett’s Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM | Global News Avenue")
Buffett’s Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM
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Main points
- Warren Buffett’s Berkshire Hathaway added shares in Occidental Petroleum Corp. and SiriusXM Holdings.
- Berkshire Hathaway bought 8.9 million shares of Occidental Petroleum Co. and 5 million shares of SiriusXM Holdings, according to regulatory filings.
- Shares in both companies have fallen sharply this year, hitting their lowest levels since 2024 yesterday.
Occidental Petroleum Corporation stock (oxygen) and SiriusXM Holdings Inc. (Desire) rose about 4.5% and 10% respectively on Friday, driven by billionaire investors Warren Buffett’s Berkshire Hathaway (BRK.A) increases its holdings of stocks.
Occidental Petroleum said in a regulatory filing that Berkshire bought about 8.9 million shares from Monday to Wednesday this week, at prices ranging from $45.55 to $46.92 per share. After these increases, Berkshire now owns 264.2 million shares of common stock and 84,897 shares of preferred stock.
SiriusXM said in a separate filing that Berkshire purchased approximately 5 million shares during the three-day period, at prices ranging from $20.85 to $22.49 per share. Berkshire now owns 117.5 million shares.
June, Berkshire picked up 7.3 million shares of the oil producer additional In October, the satellite radio provider issued 3.6 million shares.
Buffett may wish buy on dips through these new acquisitions. Shares of Occidental Petroleum Corp. and SiriusXM Holdings are down 20% and nearly 60% respectively this year, hitting 2024 lows yesterday.
trading view
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