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Buffett Buys More Occidental Petroleum—Sticking to His Playbook

Key Points

  • After a recent episode of volatility in the stock market, there is one clear sign of where opportunities may still lie for investors.
  • Deciding to enter the energy sector and leave some of his holdings in other areas, Buffett picked one stock to buy.
  • Occidental Petroleum stock was his target to buy this quarter, reiterating the bullish view on the space and the stock.
  • Five stocks to consider instead of Occidental Petroleum.

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Should You Invest $1,000 in Occidental Petroleum Right Now?

Before you consider Occidental Petroleum, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Occidental Petroleum wasn't on the list.

While Occidental Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Gabriel Osorio-Mazilli
About The Author

Gabriel Osorio-Mazilli

Contributing Author

Value Stocks, Asian Markets, Macro Economics

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Apple (AAPL)
4.4448 of 5 stars
$212.50+0.6%0.47%33.73Moderate Buy$232.63
Berkshire Hathaway (BRK.B)
1.0346 of 5 stars
$533.61-0.2%N/A10.78Moderate Buy$520.00
iShares S&P 500 Growth ETF (IVW)N/A$94.650.0%0.49%28.32Moderate Buy$93.89
iShares S&P 500 Value ETF (IVE)N/A$183.43+0.1%2.07%20.32Moderate Buy$183.43
Amazon.com (AMZN)
4.8746 of 5 stars
$184.42-1.6%0.11%33.35Moderate Buy$246.50
Alphabet (GOOGL)
4.4909 of 5 stars
$158.80-0.8%0.53%19.73Moderate Buy$198.89
Occidental Petroleum (OXY)
4.8661 of 5 stars
$39.42-2.3%2.44%16.16Hold$54.19
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