Stonebridge Financial Group LLC Invests $75,000 in Occidental Petroleum Co. (NYSE:OXY)

Stonebridge Financial Group LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,526 shares of the oil and gas producer’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Silicon Valley Capital Partners raised its holdings in Occidental Petroleum by 23.2% during the 4th quarter. Silicon Valley Capital Partners now owns 17,294 shares of the oil and gas producer’s stock worth $855,000 after buying an additional 3,260 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Occidental Petroleum in the fourth quarter worth approximately $68,000. Savant Capital LLC raised its holdings in shares of Occidental Petroleum by 3.6% during the fourth quarter. Savant Capital LLC now owns 24,407 shares of the oil and gas producer’s stock valued at $1,206,000 after acquiring an additional 840 shares during the period. Kestra Private Wealth Services LLC lifted its position in shares of Occidental Petroleum by 62.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,180 shares of the oil and gas producer’s stock valued at $799,000 after acquiring an additional 6,212 shares in the last quarter. Finally, Entropy Technologies LP boosted its stake in Occidental Petroleum by 158.6% in the 4th quarter. Entropy Technologies LP now owns 239,172 shares of the oil and gas producer’s stock worth $11,817,000 after purchasing an additional 146,668 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $47.83 on Thursday. The business’s 50-day simple moving average is $49.03 and its 200-day simple moving average is $51.85. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week 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. The firm has a market cap of $44.88 billion, a price-to-earnings ratio of 12.46 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OXY shares. Susquehanna reduced their target price on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Jefferies Financial Group increased 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. Citigroup decreased their price objective on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. StockNews.com downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $61.71.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 2,477,362 shares of the business’s stock in a transaction 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 transaction, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 6,854,394 shares of company stock worth $315,101,532 over the last 90 days. Insiders own 0.31% of the company’s stock.

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.