© Reuters. Warren Buffett’s Berkshire Hathaway ups stake in Occidental Petroleum (OXY)
Occidental Petroleum (NYSE:) shares are up round 2% Friday after Berkshire Hathaway (NYSE:) (BRK.A) (BRK.B) upped its stake within the firm to just about 28%.
In accordance with a regulatory submitting, Warren Buffett-led Berkshire Hathway has acquired round 5.2 million shares of Occidental for about $312.1 million, placing its stake at 27.7%.
The submitting with the US Securities and Change Fee exhibits the shares had been bought between December 19 and December 21.
On the time of writing, OXY is buying and selling at $61.72, up 2.3%.
Solely final week, it was revealed in a submitting that Berkshire had acquired about 10.5 million shares of Occidental for about $588.7 million.