Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM

Investopedia

21 Dec 2024

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 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 picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satellite radio provider in October.

Buffett likely was looking to 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.

TradingView

Do you have a news tip for Investopedia reporters? Please email us at

tips@investopedia.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2493429336"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2493429336\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2493429336?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/jNonKQcMDbFrRwuZMGysHtayluI=/3675x2719/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1541106661-4da145eb55b34a7eafda29b5aa9f2178.jpg","is_english":true,"pubTime":"2024-12-21 00:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493429336","market":"hk","top_or_hot":-1,"title":"Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM","media":"Investopedia","content":"<html><body><div><div><div><h3>Key Takeaways</h3>\n<div><ul><li>Warren Buffett's Berkshire Hathaway has added to its holdings of shares of Occidental Petroleum and SiriusXM Holdings.</li><li>According to regulatory filings, Berkshire Hathaway purchased 8.9 million shares of Occidental Petroleum and 5.0 million shares of SiriusXM Holdings.</li><li>Shares of both companies have tumbled this year, hitting their lowest levels of 2024 yesterday.</li></ul></div></div></div>\n<p> Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway (BRK.A) added to its holdings of the stocks. \n</p>\n<div></div>\n<p> 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.<span></span>\n</p>\n<div></div>\n<p> 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.<span></span>\n</p>\n<div></div>\n<p> In June, Berkshire picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satellite radio provider in October. \n</p>\n<div></div>\n<p> Buffett likely was looking to 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. \n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/vPSc0J5Jc9H3unIEeEFHfOoZNpE=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/OXY_2024-12-20_10-28-31-15e5b11024094d17b609f61e24f65745.png\" srcset=\"https://www.investopedia.com/thmb/xElgRi0zeML1EnphajM66Fv_W_I=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/OXY_2024-12-20_10-28-31-15e5b11024094d17b609f61e24f65745.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div></body></html>","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/warren-buffett-berkshire-hathaway-adds-to-holdings-of-occidental-petroleum-siriusxm-8764902><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nWarren 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 ...</p>\n\n<a href=\"https://www.investopedia.com/warren-buffett-berkshire-hathaway-adds-to-holdings-of-occidental-petroleum-siriusxm-8764902\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048573561.USD","symbol_name":"FIDELITY AMERICA \"A\" (USD) INC","start_time":0,"source_url":"https://www.investopedia.com/warren-buffett-berkshire-hathaway-adds-to-holdings-of-occidental-petroleum-siriusxm-8764902","article_id":"2493429336","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/jNonKQcMDbFrRwuZMGysHtayluI=/3675x2719/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1541106661-4da145eb55b34a7eafda29b5aa9f2178.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493429336","pubTimestamp":1734710440,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"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  and SiriusXM Holdings  advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway  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 June, Berkshire picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satellite radio provider in October.B","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4550":"红杉资本持仓","BK4588":"碎股","OXY.WS":"西方石油认购证2027/08/03 22.0","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","SIRI":"Sirius XM Holdings Inc.","OXY":"西方石油","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4559":"巴菲特持仓","BK4581":"高盛持仓","BRK.B":"伯克希尔B","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4176":"多领域控股","BK4201":"综合性石油与天然气企业","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BRK.A":"伯克希尔","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4100":"有线和卫星","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD"},"translate_title":"巴菲特旗下伯克希尔增持西方石油公司、SiriusXM","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIRI":1,"OXY.WS":1,"OXY":1,"BRK.A":1,"BRK.B":1},"content_text":"Key Takeaways\nWarren 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.\n Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway (BRK.A) added to its holdings of the stocks. \n\n\n 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.\n\n\n 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.\n\n\n In June, Berkshire picked up 7.3 million shares of the oil producer, and it added 3.6 million shares of the satellite radio provider in October. \n\n\n Buffett likely was looking to 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. \n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}