OMAHA, Neb.—Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 percent of the oil producer.
A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million.
The latest purchases give Berkshire more than 224 million shares worth nearly $13 billion that have all been purchased over the past year and a half.
And Buffett may not be done buying because the price of Occidental stock is still right around where he bought shares at this week even after a modest 43-cent bump Thursday morning to trade at $57.89. Buffett has been consistently buying the stock when it dips below $60….