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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.
  • Interested in Occidental Petroleum? Here are five stocks we like better.

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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.

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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)
4.7953 of 5 stars
$201.45-1.2%0.52%31.98Moderate Buy$235.02
Berkshire Hathaway (BRK.B)
0.4186 of 5 stars
$493.03-0.1%N/A9.96Hold$520.00
iShares S&P 500 Growth ETF (IVW)N/A$105.58+0.0%0.44%29.66Moderate Buy$105.58
iShares S&P 500 Value ETF (IVE)N/A$191.80+0.2%1.98%20.88Moderate Buy$191.80
Amazon.com (AMZN)
4.7042 of 5 stars
$216.98+1.6%0.09%39.24Moderate Buy$244.89
Alphabet (GOOGL)
4.1229 of 5 stars
$176.09+1.4%0.48%21.87Moderate Buy$199.75
Occidental Petroleum (OXY)
4.4263 of 5 stars
$43.23+1.6%2.22%17.72Hold$53.14
Compare These Stocks  Add These Stocks to My Watchlist 

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