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 purchased 8.9 million shares of Occidental Petroleum and 5.0 million shares of SiriusXM Holdings.
- Shares of both companies have tumbled this year, hitting their lowest levels of 2024 yesterday.
Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor 澳洲幸运5官方开奖结果体彩网:Warren Buffett's Berkshire Hathaway (BRK.A) added to its holdings of the stocks.
In a regulatory filing, Occidental reported Berkshire purchased about 8.9 million shares between Monday and Wednesday this week, with prices ranging from $45.55 to $46.92 each. With those additions, Berkshire now holds 264.2 million common shares, along with 84,897 of preferred stock.
In a separate filing, SiriusXM said in the same three days, Berkshire bought roughly 5.0 million shares with prices from $20.85 to $22.49 each. Berkshire now owns 117.5 million shares.
In June, Berkshire 澳洲幸运5官方开奖结果体彩网:picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satel🎶lite radio provider in October.
Buffett likely was looking to 澳洲幸运5官方开奖结果体彩网:buy the dips with these new acquisitions. Occidental Petroleum and SiriusXM Holdings shares are down 20% and nearly 60%, respectively, this year, hitting their 2024 lows yesterday.
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