Stratos Wealth Advisors LLC Has $582,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Stratos Wealth Advisors LLC boosted its position in Occidental Petroleum Co. (NYSE:OXY) by 60.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,771 shares of the oil and gas producer’s stock after buying an additional 4,428 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $582,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised 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 during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Occidental Petroleum during the 3rd quarter worth about $32,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $50,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at about $59,000. Finally, Westside Investment Management Inc. boosted its position in Occidental Petroleum by 224.0% during the fourth quarter. Westside Investment Management Inc. now owns 1,555 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Occidental Petroleum Trading Down 0.4 %

Shares of NYSE:OXY opened at $46.79 on Friday. The company has a market capitalization of $43.90 billion, a P/E ratio of 12.18 and a beta of 1.55. 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 business’s 50 day simple moving average is $49.18 and its 200 day simple moving average is $52.23. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OXY. Susquehanna dropped their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research note on Thursday, November 14th. Raymond James upped their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Truist Financial raised their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Three equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.71.

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.