Livforsakringsbolaget Skandia Omsesidigt Sells 1,400 Shares of Occidental Petroleum Co. (NYSE:OXY)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in Occidental Petroleum Co. (NYSE:OXY) by 50.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,372 shares of the oil and gas producer’s stock after selling 1,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Occidental Petroleum were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Certified Advisory Corp purchased a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $476,000. Rule One Partners LLC bought a new position in shares of Occidental Petroleum during the 3rd quarter valued at $14,199,000. Stephens Inc. AR boosted its stake in shares of Occidental Petroleum by 221.0% in the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after buying an additional 10,382 shares during the last quarter. Sarasin & Partners LLP increased its position in Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock valued at $48,942,000 after acquiring an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Occidental Petroleum in the third quarter valued at about $2,509,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stephens upped their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Piper Sandler decreased their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Truist Financial boosted their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho decreased their target price on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Citigroup cut their price target on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $61.71.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the acquisition, the insider now owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. The trade was a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $46.79 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. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The business has a 50 day simple moving average of $49.18 and a two-hundred day simple moving average of $52.23. The stock has a market capitalization of $43.90 billion, a PE ratio of 12.18 and a beta of 1.55.

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.