Empirical Finance LLC Sells 368 Shares of Occidental Petroleum Co. (NYSE:OXY)

Empirical Finance LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXYFree Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,127 shares of the oil and gas producer’s stock after selling 368 shares during the period. Empirical Finance LLC’s holdings in Occidental Petroleum were worth $1,192,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Segment Wealth Management LLC grew its stake in shares of Occidental Petroleum by 5.2% in the third quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer’s stock worth $205,000 after acquiring an additional 196 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer’s stock worth $474,000 after purchasing an additional 200 shares during the period. Leavell Investment Management Inc. lifted its stake in shares of Occidental Petroleum by 3.3% in the third quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 200 shares during the period. Empire Financial Management Company LLC grew its position in Occidental Petroleum by 4.1% during the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer’s stock worth $329,000 after buying an additional 250 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in Occidental Petroleum by 3.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock valued at $398,000 after acquiring an additional 250 shares during the period. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Trading Up 3.4 %

OXY opened at $48.36 on Tuesday. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The firm has a 50-day moving average price of $49.10 and a two-hundred day moving average price of $52.02. The stock has a market capitalization of $45.38 billion, a PE ratio of 12.59 and a beta of 1.55. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Bank of America assumed coverage on shares of Occidental Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price objective for the company. Piper Sandler dropped their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Stephens lifted their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.71.

View Our Latest Research Report on Occidental Petroleum

Occidental Petroleum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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