Online trading platform reviews. Warren Buffett just expanded his stake in this oil and gas company

Occidental Petroleum Corporation (NYSE: OXY) is in focus on Thursday after the legendary investor Warren Buffett increased his stake in the oil and gas company.

How many OXY shares did he buy this time?

The “Oracle of Omaha” spent another $466.7 million to load up on 7.9 million shares of the energy company this week.

Today’s disclosure arrives only days after Buffett’s meeting with Vicki Hollub – the Chief Executive of Occidental Petroleum. His Berkshire Hathaway scooped up 5.8 million shares of the energy company over the past two weeks as well.

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In total, the Nebraska-based conglomerate now owns 23.1% of “OXY” that suggests Buffett remains bullish on Occidental Petroleum even though it reported weaker-than-expected results for its fourth financial quarter in February.

The oil stock currently pays a dividend yield of 1.24%.

Buffett could eventually own 50% of OXY

Recent concerns of a deceleration in global economic growth have weighed on WTI futures that now sit at under $68 a barrel.

To that end, Occidental Petroleum stock was seen trading about 15% down (versus their year-to-date high) at the start of March – a discount that Buffett used to further grow his stake in the hydrocarbon exploration company.

Remember that his Berkshire Hathaway has regulatory approval to own up to 50% of “OXY”. It currently holds $10 billion worth of the company’s preferred stock as well and has warrants to purchase another 83.9 million of its common shares for $5.0 billion.

Those interested in following his footsteps and buying Occidental Petroleum stock should also know that Wall Street sees upside in it to $71 on average – up more than 20% from here.

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Here are reviews of some popular online trading platforms:

Robinhood: Robinhood is a well-known commission-free trading platform popular among beginner investors. It offers a user-friendly mobile app and web platform, making it easy to buy and sell stocks, ETFs, options, and cryptocurrencies. However, Robinhood has faced criticism for limited customer support and occasional outages during high market volatility.
TD Ameritrade: TD Ameritrade is a widely used platform known for its powerful and feature-rich thinkorswim platform. It offers a wide range of investment products, including stocks, options, ETFs, mutual funds, and futures. TD Ameritrade provides educational resources and has strong customer support. In 2020, TD Ameritrade was acquired by Charles Schwab, and the two platforms are in the process of merging.
ETRADE: ETRADE is a well-established platform offering a variety of investment products. It provides a user-friendly interface and a range of research and educational tools. ETRADE offers commission-free trading for stocks, ETFs, and options. In 2020, ETRADE was also acquired by Morgan Stanley, and integration with Morgan Stanley's services is underway.
Fidelity: Fidelity is a reputable brokerage platform with a long-standing history. It offers a wide range of investment options, including stocks, options, ETFs, mutual funds, and fixed income products. Fidelity provides extensive research and educational resources, along with excellent customer service. They have also introduced commission-free trading for stocks, ETFs, and options.
Interactive Brokers: Interactive Brokers is a popular platform among active traders and professionals. It offers a comprehensive suite of tools and advanced trading features. Interactive Brokers provides access to a wide range of investment products and global markets, along with competitive pricing. It's known for its robust trading platform and in-depth research tools.