2024-02-11 05:49:00 ET
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.
For further details see:
Warren Buffett Is Buying This Dividend Stock Hand Over Fist. Should You?