Occidental Petroleum Co. (NYSE:OXY) Stake Trimmed by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its position in Occidental Petroleum Co. (NYSE:OXY) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,705 shares of the oil and gas producer’s stock after selling 563 shares during the quarter. Hartford Investment Management Co.’s holdings in Occidental Petroleum were worth $2,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of Occidental Petroleum by 160.0% in the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Occidental Petroleum in the third quarter worth approximately $32,000. Transamerica Financial Advisors Inc. purchased a new position in Occidental Petroleum during the third quarter valued at approximately $50,000. New Wave Wealth Advisors LLC acquired a new position in Occidental Petroleum in the 4th quarter valued at approximately $59,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Occidental Petroleum in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 0.0 %

Occidental Petroleum stock opened at $47.84 on Friday. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 12.46 and a beta of 1.55. The firm has a fifty day moving average price of $49.01 and a two-hundred day moving average price of $51.82. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the purchase, the insider now owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders acquired 6,854,394 shares of company stock valued at $315,101,532. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OXY. Susquehanna lowered their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 target price on shares of Occidental Petroleum in a research note on Friday, November 8th. Raymond James upped their target price on Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price target for the company from $54.00 to $45.00 in a report on Friday, January 31st. Finally, Truist Financial increased their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Company 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.