GO
Loading...

Enter multiple symbols separated by commas

Buffett Sells More PetroChina Shares

Investment guru Warren Buffett's Berkshire Hathaway cut its holding in PetroChina again on Sept. 21.

Warren Buffet
Warren Buffet

It sold $102 million worth of shares in Asia's top oil and gas producer.

The move marked the fund's fifth reported sale of the stock since July 12.

Berkshire sold 66.6 million shares at an average price of HK$11.99 apiece, trimming its stake in PetroChina to 6.97 from 7.29% of the firm's free-floating shares, according to the Hong Kong stock exchange.

Shares in PetroChina hit a record high at HK$15.28 on Monday but they reversed gains to close down 3.4% at HK$14.1.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Lottery ticket

    A thief who broke into the car of a Seattle couple left behind a million-dollar lottery ticket, NBC News reports.

  • The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Mike Trout #27 of the Los Angeles Angels takes a picture with fans before a game with Boston Red Sox at Fenway Park on May 23, 2015 in Boston, Massachusetts.

    MLB is using digital media initiatives like Snapchat and Web video to connect with younger viewers. Is it enough?

U.S. Video

  • Cramer: Here's the no. 1 play in cybersecurity

    Guarding Your Portfolio? "Mad Money" host Jim Cramer's got the number one pick for protection services in today's digital world.

  • Underestimate Cisco at own peril: Cramer

    Mad Money's Jim Cramer takes a look at the cybersecurity space to see if it could also protect your money.

  • Fly with LUV?

    While remaining profitable, Gary Kelly, Southwest Airlines chairman and CEO, tells Mad Money's Jim Cramer the company continues to focus on being a great airline and offering great customer service.