Comprehensive Financial Planning Inc. PA Takes Position in Occidental Petroleum Co. (NYSE:OXY)

Comprehensive Financial Planning Inc. PA bought a new stake in Occidental Petroleum Co. (NYSE:OXY) during the 4th quarter, HoldingsChannel reports. The fund bought 1,382 shares of the oil and gas producer’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its stake in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 304 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $32,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $50,000. New Wave Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $59,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Occidental Petroleum by 224.0% in the 4th quarter. Westside Investment Management Inc. now owns 1,555 shares of the oil and gas producer’s stock valued at $77,000 after buying an additional 1,075 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna lowered their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research note on Thursday, November 14th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Finally, UBS Group reduced their price target on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Stock Performance

Shares of OXY opened at $48.36 on Tuesday. The stock has a 50 day moving average price of $49.10 and a 200 day moving average price of $52.02. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of 12.59 and a beta of 1.55. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the purchase, the insider now directly owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.