On May 19, the dividend paying telecom company Verizon Communications Inc. (NYSE:VZ) was among the promising stocks acquired by billionaire investor Warren Buffet in the first quarter, Berkshire Hathaway Inc (NYSE:BRK.A), Mr. Buffet’s Investment vehicle, disclosed in a regulatory filing. Berkshire had 11 million shares of Verizon by end of March. Therefore, Mr. Buffet’s investment in the telecom giant is valued at about $530 million. Berkshire Hathaway Inc. (NYSE:BRK.A) ended up $190,205.00.
Irving-based Exxon Mobil Corporation (NYSE:XOM) shipped the first cargo of liquefied natural gas on Sunday from its $19 billion PNG LNG in Papua New Guinea, the company announced. The shipment was ahead of schedule, Exxon said in a release. Exxon Mobil Corporation (NYSE:XOM) shares fell -0.18% in last trading session and ended the day on $101.32. Gross Margin is 25.00% and its return on assets is 12.00%. Exxon Mobil Corporation (NYSE:XOM) quarterly performance is 5.77%.
Brazilian insurance industry watchdog Susep has granted a license permitting Berkshire Hathaway Inc. (NYSE:BRK.B) to do business in Brazil as an “eventual reinsurer,” Reuters reported. The license will be granted to Berkshire Hathaway International Insurance Ltd., Berkshire’s U.K.-based division. As per industry rules, eventual reinsurers need to maintain global net assets of at least $150 million, have its head office located outside a tax-haven nation and be rated a notch above the minimum investment-grade rating by a major credit rating firm, Reuters reported. Berkshire Hathaway Inc. (NYSE:BRK.B) shares moved down -0.14 % in last trading session and was closed at $126.80, while trading in range of $126.31 – $127.32.
On May 19, Priceline Group Inc (NASDAQ:PCLN) Director Jeffery Boyd unloaded 3,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $1,134.83, for a total value of $3,404,490.00. Following the sale, the director now directly owns 200,125 shares of the company’s stock, valued at approximately $227,107,854. Priceline Group Inc (NASDAQ:PCLN) ended the last trading day at $1,197.12. Company weekly volatility is calculated as 2.11% and price to cash ratio as 9.35. Priceline Group Inc (NASDAQ:PCLN) showed a positive weekly performance of 5.27%.
On May 23, Chevron Corporation (NYSE:CVX)’s legal dispute with Ecuadorean villagers, involving Patton Boggs, has reportedly caused a delay in the merger of the Patton Boggs and Squire Sanders law firms. The awaited merger of the Washington D.C. based law firm Patton Boggs LLP with the international firm Squire Sanders is now being questioned after the later voted for a suspension in the process on Thursday. The leadership at the firm Squire Sanders, which was anticipated to vote for the merger, instead bid a suspension on the issue on May 22. Chevron Corporation (NYSE:CVX) net profit margin is 9.10% and weekly performance is 0.15%. On last trading day company shares ended up $123.37. Analysts mean target price for the company is $131.10. Chevron Corporation (NYSE:CVX) distance from 50-day simple moving average (SMA50) is 2.67%.
BP plc (ADR) (NYSE:BP) has signed an agreement with Kremlin-backed Rosneft (MCX:ROSN) to explore for hard-to-recover oil in Russia. The deal comes despite US government-led sanctions against Moscow and the Russian company’s chief executive. BP plc (ADR) (NYSE:BP) net profit margin is 2.70% and weekly performance is -0.39%. On last trading day company shares ended up $51.10. Analysts mean target price for the company is $51.52. BP plc (ADR) (NYSE:BP) distance from 50-day simple moving average (SMA50) is 5.07%.