New Mexico Educational Retirement Board Sells 500 Shares of Occidental Petroleum Co. (NYSE:OXY)

New Mexico Educational Retirement Board lessened its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 32,059 shares of the oil and gas producer’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Occidental Petroleum were worth $1,584,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OXY. Exchange Traded Concepts LLC bought a new stake in Occidental Petroleum during the third quarter valued at about $87,000. Cornerstone Wealth Management LLC bought a new stake in Occidental Petroleum during the third quarter valued at about $258,000. Bleakley Financial Group LLC boosted its stake in shares of Occidental Petroleum by 8.5% in the third quarter. Bleakley Financial Group LLC now owns 10,603 shares of the oil and gas producer’s stock worth $546,000 after acquiring an additional 834 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Occidental Petroleum by 2.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,663 shares of the oil and gas producer’s stock worth $4,260,000 after acquiring an additional 1,594 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Occidental Petroleum by 71.9% in the third quarter. V Square Quantitative Management LLC now owns 6,050 shares of the oil and gas producer’s stock worth $312,000 after acquiring an additional 2,531 shares during the period. Institutional investors own 88.70% of the company’s stock.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the purchase, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have acquired 6,854,394 shares of company stock valued at $315,101,532. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OXY shares. TD Cowen dropped their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Stephens upped their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Jefferies Financial Group upped their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Citigroup decreased their target price on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Trading Up 0.5 %

OXY opened at $48.13 on Monday. The stock has a market cap of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55. The stock’s 50 day moving average price is $49.00 and its 200-day moving average price is $51.65. Occidental Petroleum Co. has a one year low of $45.17 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00.

Occidental Petroleum 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.