:max_bytes(150000):strip_icc()/GettyImages-1541106661-4da145eb55b34a7eafda29b5aa9f2178.jpg "Buffett’s Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM")
Key Takeaways
- Warren Buffett’s Berkshire Hathaway has added to its holdings of shares of Occidental Petroleum and SiriusXM Holdings.
- According to regulatory filings, Berkshire Hathaway bought 8.9 million shares of Occidental Petroleum and 5.0 million shares of SiriusXM Holdings.
- Shares of each firms have tumbled this yr, hitting their lowest ranges of 2024 yesterday.
Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) superior about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett’s Berkshire Hathaway (BRK.A) added to its holdings of the shares.
In a regulatory submitting, Occidental reported Berkshire bought about 8.9 million shares between Monday and Wednesday this week, with costs starting from $45.55 to $46.92 every. With these additions, Berkshire now holds 264.2 million frequent shares, together with 84,897 of most popular inventory.
In a separate submitting, SiriusXM mentioned in the identical three days, Berkshire purchased roughly 5.0 million shares with costs from $20.85 to $22.49 every. Berkshire now owns 117.5 million shares.
In June, Berkshire picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satellite tv for pc radio supplier in October.
Buffett doubtless was trying to purchase the dips with these new acquisitions. Occidental Petroleum and SiriusXM Holdings shares are down 20% and practically 60%, respectively, this yr, hitting their 2024 lows yesterday.
TradingView
:max_bytes(150000):strip_icc()/GettyImages-1541106661-4da145eb55b34a7eafda29b5aa9f2178.jpg&description=Buffett%E2%80%99s+Berkshire+Adds+to+Holdings+of+Occidental+Petroleum%2C+SiriusXM){kind=link}