Don’t buy Occidental stock just because Warren Buffett is buying, analyst says

Shares of Occidental Petroleum Corp. continued to outperform its peer group and the broader stock market after the oil- and gas-production company disclosed that Warren Buffett’s Berkshire Hathaway Inc. keeps buying.

The stock
OXY,
+1.14%

rose 0.1% in afternoon trading, even as continuous crude-oil futures
CL00,
+0.97%

fell 0.9%, the SPDR Energy Select Sector exchange-traded fund
XLE,

shed 0.7%…

Read More