Life Planning Partners Inc Purchases Shares of 30,051 Occidental Petroleum Co. (NYSE:OXY)

Life Planning Partners Inc acquired a new position in Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,051 shares of the oil and gas producer’s stock, valued at approximately $1,485,000.

Several other large investors have also made changes to their positions in the business. Fortitude Family Office LLC grew its holdings in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in Occidental Petroleum during the third quarter worth $32,000. Transamerica Financial Advisors Inc. acquired a new position in Occidental Petroleum during the 3rd quarter valued at $50,000. New Wave Wealth Advisors LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $59,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Occidental Petroleum in the 4th quarter worth $68,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $47.84 on Friday. The stock has a 50-day simple moving average of $49.01 and a 200 day simple moving average of $51.82. The stock has a market capitalization of $44.89 billion, a price-to-earnings ratio of 12.46 and a beta of 1.55. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Piper Sandler cut their price objective 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. Truist Financial raised their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Jefferies Financial Group raised their target price on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Finally, 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. 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 given a strong buy rating to the company. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $61.71.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the purchase, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is currently owned by corporate insiders.

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.