(BRK.A), (BRK.B)
Warren Buffett’s jump into oil and gas producers, which has seen him take huge stakes in Occidental Petroleum and Chevron, continued this week with $350 million of additional purchases of OXY shares on May 2 and 3.
In its latest Form 4 filing Berkshire Hathaway made the following purchases:
| Common Stock | 05/02/2022 | 736,516 | $55.9957 | |||||||
| Common Stock | 05/02/2022 | 2,510,957 | $56.7255 | |||||||
| Common Stock | 05/02/2022 | 1,918,019 | $57.562 | |||||||
| Common Stock | 05/02/2022 | 701,626 | $58.3745 | |||||||
| Common Stock | 05/03/2022 | 20,500 | $57.7843 |
After these purchases, Berkshire Hathaway holds 142,260,618 of OXY common stock.
In addition to its stake in OXY common stock, Berkshire also holds 100,000 series A preferred stock shares and warrants that Berkshire can exercise for roughly 84M shares of common stock at $59.624 per share.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.