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Berkshire Hathaway Boosts Occidental Petroleum Stake by 8.9 Million Shares, Sirius XM by 4.9 Million Shares, and Acquires 234,312 Shares of VeriSign

Dec 20, 2024, 03:08 AM

Berkshire Hathaway, led by Warren Buffett, has significantly increased its investments in Occidental Petroleum and Sirius XM. Over the past three days, the company purchased 8.9 million shares of Occidental Petroleum (OXY) and 4.9 million shares of Sirius XM (SIRI). Additionally, Berkshire acquired 234,312 shares of VeriSign (VRSN). This move comes as Occidental's stock has been declining, prompting Buffett's strategy to capitalize on lower prices. The recent acquisitions have resulted in a 3.5% increase in the stock prices of both Occidental and Sirius XM in the 24 hours following the news of Berkshire's increased stakes.