5 Warren Buffett Stocks That Are Too Cheap To Ignore

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1. Occidental Petroleum Corporation (NYSE:OXY)

Price to Earnings Ratio as of October 17, 2022: 6.56

Number of Hedge Fund Holders: 66

Industry Average P/E: 9.71

Occidental Petroleum Corporation (NYSE:OXY) is an oil and gas exploration company that is headquartered in Houston, Texas. The company explores for and extracts crude oil and natural gas, and then transports the products through its facilities.

Occidental Petroleum Corporation (NYSE:OXY)’s shares have appreciated by a whopping 123% on the market year to date, making it a rare firm that has widely beaten all major stock market indexes. Despite this appreciation, the shares are still as cheap as they can get, with a P/E ratio of 6.56, well below the industry average of 9.71.

Berkshire Hathaway’s second quarter of 2022 portfolio saw the firm own 158 million Occidental Petroleum Corporation (NYSE:OXY) shares that were worth a whopping $9.3 billion. Insider Monkey scanned 895 hedge fund holdings for the same time period to discover that 66 had held a stake in the company.

Occidental Petroleum Corporation (NYSE:OXY)’s second largest investor is Rajiv Jain’s GQG Partners which owns 25 million shares that are worth $1.5 billion.

Disclosure: None. You can also take a look at Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon and 11 Best Cyclical Stocks To Buy.

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