Warren Buffett Is Buying This Dividend Stock Hand Over Fist. Should You?
Warren Buffett doesn't mind sitting on the sidelines. That's what he's doing for the most part these days. In 2023, he was a net seller of stocks.
However, the legendary investor has added a few stocks to Berkshire Hathaway's portfolio in recent months. There's one that he seems to be especially excited about -- Occidental Petroleum (NYSE: OXY). Buffett is buying this dividend stock hand over fist. Should you?
Buffett first initiated a position in Occidental in the third quarter of 2019. He added more shares of the oil and gas producer in the following quarter. However, his often-cited favorite holding period of forever didn't apply in this case. In the second quarter of 2020, Buffett completely exited Berkshire's stake in Oxy.
Source Fool.com
Occidental Petroleum Corp. Stock
With 21 Buy predictions and 2 Sell predictions Occidental Petroleum Corp. is one of the favorites of our community.
With a target price of 70 € there is a slightly positive potential of 16.12% for Occidental Petroleum Corp. compared to the current price of 60.28 €.
