CapWealth Advisors LLC Has $223,000 Position in Occidental Petroleum Co. (NYSE:OXY)

CapWealth Advisors LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY) by 18.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,505 shares of the oil and gas producer’s stock after selling 1,001 shares during the quarter. CapWealth Advisors LLC’s holdings in Occidental Petroleum were worth $223,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OXY. Inspire Investing LLC raised its holdings in shares of Occidental Petroleum by 31.6% during the third quarter. Inspire Investing LLC now owns 5,627 shares of the oil and gas producer’s stock worth $290,000 after acquiring an additional 1,352 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $87,000. Swedbank AB lifted its holdings in shares of Occidental Petroleum by 50.7% in the third quarter. Swedbank AB now owns 282,054 shares of the oil and gas producer’s stock valued at $14,537,000 after purchasing an additional 94,856 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Occidental Petroleum by 389.9% during the third quarter. Vontobel Holding Ltd. now owns 78,802 shares of the oil and gas producer’s stock worth $4,061,000 after buying an additional 62,716 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Occidental Petroleum during the third quarter worth about $258,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stephens upped their price target on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Susquehanna cut their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research report on Thursday, November 14th. Raymond James lifted their target price on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Finally, UBS Group reduced their price target on 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.71.

Occidental Petroleum Stock Performance

OXY opened at $48.13 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The company has a market capitalization of $45.16 billion, a PE ratio of 12.53 and a beta of 1.55. The business has a fifty day simple moving average of $48.99 and a 200 day simple moving average of $51.79. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have acquired 6,854,394 shares of company stock worth $315,101,532. Corporate insiders own 0.31% of the company’s stock.

About Occidental Petroleum

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.