The "Stock God" Buffett increased his stake in Occidental Petroleum Corporation (OXY.US) again, with his ownership stake rising to 28.3%.

Occidental Petroleum Corporation (OXY.US) rose against the market, with its stock price increasing slightly by 0.51%, as Berkshire Hathaway (BRK.A.US, BRK.B.US) disclosed a small increase in its stake in the energy company, raising its ownership to 28.3%. According to a filing with the U.S. Securities and Exchange Commission on Tuesday evening, Berkshire Hathaway increased its holdings of Occidental Petroleum Corporation by 763,017 shares on February 7, with a total value of approximately $35.7 million. The transaction was completed at a weighted average price of $46.8195 per share. Following this increase, Berkshire Hathaway currently holds over 264.9 million shares of Occidental Petroleum Corporation common stock, valued at approximately $12.9 billion. In addition, Berkshire also holds approximately $8.5 billion worth of Occidental Petroleum Corporation preferred stock, as well as 83.86 million warrants that allow it to purchase more common stock at a slightly lower price of less than $60 per share. The last time Berkshire increased its stake in Occidental Petroleum Corporation was in December last year, when it purchased about 8.9 million shares at an average price of around $46 per share. This shows that despite fluctuations in Occidental Petroleum Corporation's stock price, Berkshire remains steadfast in holding and increasing its position. However, according to analyst Andrew Bary's estimate, Berkshire Hathaway's investment cost in Occidental Petroleum Corporation is approximately at a low of $50 per share, so it may currently be in a loss position. Nevertheless, Berkshire Hathaway remains steadfast in its long-term investment stance towards Occidental Petroleum Corporation.