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3 Warren Buffett Stocks to Sell

Berkshire Hathaway has done well in 2013, but it doesn't mean a little second-guessing isn't in order

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Sell No. 2: ConocoPhillips

ConocoPhillipsLogo 3 Warren Buffett Stocks to SellThe big news in Berkshire Hathaway’s 13F filing was its 40.1 million shares in Exxon Mobil (XOM), an addition that makes the world’s largest oil company Berkshire’s seventh-largest holding at 3.75% of its portfolio.

This is the second go-round for Buffett with XOM; he owned its stock for less than two years back in 1985, selling out for a 44% gain.

However, with XOM representing a top 10 holding, its other big E&P play — ConocoPhillips (COP) — becomes redundant.

That’s a reason for Buffett to sell. A reason for you to sell is that COP has had a much better run in recent years, and reversion to the mean suggests it and XOM are about to change directions.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/3-warren-buffett-stocks-to-sell/.

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