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Key Points Buffett’s Berkshire Hathaway acquired an additional 2.1 million shares of Occidental Petroleum, boosting its ownership to over 25%.Analysts predict a 20.12% upside for OXY, with a consensus price target of $70.29.Occidental presents a compelling investment opportunity with an appealing valuation, strong management, and potential growth in the oil and gas sector.5 stocks we like better than BRK-AWarren Buffett‘s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) disclosed in a filing late Wednesday that it purchased an additional 2,138,250 shares of Occidental Petroleum (NYSE:OXY). Buffett...
ValueWalk
Dear fellow investors, Watching Warren Buffett and Charlie Munger Saturday in Omaha caused us to think about a very popular 1960s TV show called, “The Dating Game.” Hosted by Jim Lange, the game was played with the host on one side of a wall with a male or female contestant. On the other side were three people of the opposite sex and they were attempting to answer questions and get a date. The political pressure against oil drilling and exploration makes “dating” look very attractive to us in the oil industry! Warren Buffett made clear he’s not going to buy Occidental Petroleum (NYSE:OXY), but...
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Occidental Petroleum moves up on mixed results.Earnings strength was priced in but dividend growth, buybacks and repurchases were not.Warren Buffett may begin buying shares again, now that results are in.5 stocks we like better than Occidental PetroleumThere are many stories regarding the Occidental Petroleum (NYSE:OXY) narrative for investors. One of those stories is Warren Buffettt. Mr. Buffett and Berkshire Hathaway own 26% of the company and have the approval to buy up to 50% and yet haven’t made a purchase since September 2022. Q4 2022 hedge fund letters, conferences and more Find A Quali...
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Exxon Mobil shares regained their 50-day moving average on January 10, and are now 2.4% below their November high of $114.66.It expects full-year earnings to come in between $21 billion and $24 billion. Wall Street is eyeing earnings of $13.91 per share for 2022, which it reports on January 31.The company recently said it intends to double its earnings and free cash flow growth by 2027.Analysts expect an increase in the need for oil, due to China’s reopening and high demand for air travel.5 stocks we like better than Exxon MobilExxon Mobil Corporation (NYSE:XOM) is within striking range of cle...
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The energy sector has seen massive outperformance this year amid soaring oil and natural gas prices. However, many energy stocks have stabilized, presenting the question of whether there’s any more upside left and, if so, how much. What’s On Tap For Energy In 2023?Experts are starting to disagree about what to expect from the energy sector in 2023, with some predicting more strength into the new year and others calling for disappointing performances in the sector. For example, ARK Invest’s Cathie Wood believes energy and value stocks will be “casualties” of tumbling inflation. Q3 2022 hedge fu...
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Warren Buffett’s Berkshire Hathaway firm was busy last quarter, adding to energy and initiating a big position in Taiwan Semiconductor. Unlike most funds, Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) is a public company, which means we get a good idea of what Warren Buffett and Charlie Munger are buying and selling when the company reports earnings. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that c...
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Interview With Engine No.1 CEO Jennifer GrancioSARA EISEN: Tyler, thank you. Good morning. And Jennifer, it’s good to have you here, welcome. JENNIFER GRANCIO: Thank you. EISEN: So you’re squarely in the middle of all of this. It’s a great place to start our event here today because you’re investing around some of these principles, right? Climate, social responsibility, but you’re also trying to make money and returns for investors. Q2 2022 hedge fund letters, conferences and more And my question to you is do those two things go hand in hand right now, when we're in the middle of a bear market...
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On Wednesday afternoon post market close, Warren Buffett’s Berkshire Hathaway in a Form 4 filing with the SEC disclosed the purchase of another ~6 million shares in Occidental Petroleum (NYSE:OXY) from Monday to Wednesday. Berkshire Purchases More Occidental Petroleum SharesThe purchase comes as OXY’s share price retraced over -20% lower from late August through to late September due to the falling oil price and weaker equity markets. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard...
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Dear fellow investors, We marveled for years listening to Sir John Templeton talk about the stock market. His best advice was shared during the most difficult stock market environments of the 1980s, 1990s, and 2000s on “Wall Street Week” with Louis Rukeyser. Q2 2022 hedge fund letters, conferences and more Templeton edict No. 1“Bull markets follow Bear markets and Bear Markets follow Bull markets!” John was invested for decades and believed in getting rich slowly. He understood that you were going to get much better long-term performance by being optimistic in bear markets and cautious in bull...
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Oil and energy industries represent the biggest market winners in the S&P 500 so far this year, whilst tech companies struggle to hold their ground. Q2 2022 hedge fund letters, conferences and more The first two quarters of the year were met with social unrest, with various issues around the world, including the conflict between Ukraine and Russia, fuel shortages and a cost of living crisis. Effects of such world events on the stock market vary from country to country and some industries have fared better than others (all share price data is taken from CMC's live pricing platform). Best-Perfor...
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