CapWealth Advisors LLC Sells 1,001 Shares of Occidental Petroleum Co. (NYSE:OXY)

CapWealth Advisors LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,505 shares of the oil and gas producer’s stock after selling 1,001 shares during the period. CapWealth Advisors LLC’s holdings in Occidental Petroleum were worth $223,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 304 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Occidental Petroleum during the third quarter worth about $32,000. Transamerica Financial Advisors Inc. bought a new position in Occidental Petroleum during the third quarter valued at about $50,000. New Wave Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter worth approximately $59,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $68,000. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OXY. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $56.00 price target on shares of Occidental Petroleum in a report on Friday, November 8th. TD Cowen lowered their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock 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. Piper Sandler cut their price objective on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Truist Financial upped their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.71.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is owned by insiders.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $48.13 on Friday. The firm has a fifty day moving average of $48.99 and a two-hundred day moving average of $51.79. 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 stock has a market capitalization of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18.

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.