Warren Buffett went on bit of a shopping spree in the stock market before Christmas, picking up shares of Occidental Petroleum
among others during a swift December sell-off.
Berkshire Hathaway
purchased an additional 8.9 million shares in the Houston-based energy producer for $405 million through transactions Tuesday, Wednesday and Thursday, pushing its stake above 28%, according to a regulatory filing late Thursday night.
During the same time frame, the Omaha, Nebraska-based conglomerate also bought about 5 million shares of Sirius XM
for around $113 million as well as about 234,000 shares of VeriSign
for roughly $45 million. These two stakes are much smaller in size, so these transactions could be made by Buffett’s investing lieutenants Todd Combs and Ted Weschler.
All told, Berkshire bought more than $560 million worth of stocks over the last three sessions.