|Bid||0.00 x 1000|
|Ask||468,000.00 x 1100|
|Day's Range||439,010.00 - 450,000.00|
|52 Week Range||396,500.00 - 544,389.00|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||7.80|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||520,045.00|
Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 million in fresh purchases of the energy company in recent days, according to a filing late Monday. With a 20.2% stake, Berkshire Hathaway (ticker: BRK/A, BRK/B) should be able to include a proportionate amount of the earnings of Occidental Petroleum (OXY) in its financial results, lifting annual earnings by about $2 billion off a current base of more than $30 billion. Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year and Berkshire now holds 188.4 million shares in the domestic-focused oil and gas producer, whose earnings have surged this year with oil and gas prices.
A stronger-than-expected jobs number on Friday has investors questioning the pace of rate hikes from the Federal Reserve as the central bank aims to cool inflation.
Berkshire Hathaway's latest earnings report showed the Oracle of Omaha was a net buyer of stocks in Q2 as the broader market sold off.