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Berkshire Hathaway buys 2.14M shares of Occidental, stake boosted to 25%

In a regulatory filing, Warren Buffett’s Berkshire Hathaway (BRK.A) disclosed that it spent $122.1M to buy 2.14 million more shares of Occidental Petroleum (OXY), bringing the total ownership to 224.13 million shares, or 25.1% of the shares outstanding. The filing showed that Berkshire bought 638,301 shares at a weighted average price of $57.0143 on Monday, 1,239,180 shares at $57.1694 on Tuesday and 260,769 shares at $57.02 on Wednesday. Shares of Occidental Petroleum are up over 1% in pre-market trading.

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