Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Empirical Finance LLC

Empirical Finance LLC lessened its stake in Occidental Petroleum Co. (NYSE:OXY) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,127 shares of the oil and gas producer’s stock after selling 368 shares during the period. Empirical Finance LLC’s holdings in Occidental Petroleum were worth $1,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Occidental Petroleum by 124.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,772 shares of the oil and gas producer’s stock worth $143,000 after purchasing an additional 1,535 shares during the period. Inspire Investing LLC lifted its holdings in shares of Occidental Petroleum by 31.6% in the third quarter. Inspire Investing LLC now owns 5,627 shares of the oil and gas producer’s stock valued at $290,000 after buying an additional 1,352 shares during the period. Exchange Traded Concepts LLC acquired a new position in Occidental Petroleum during the third quarter worth about $87,000. Koshinski Asset Management Inc. raised its position in Occidental Petroleum by 3.4% in the third quarter. Koshinski Asset Management Inc. now owns 31,812 shares of the oil and gas producer’s stock worth $1,640,000 after acquiring an additional 1,054 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Occidental Petroleum by 9.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,015 shares of the oil and gas producer’s stock valued at $465,000 after acquiring an additional 771 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now owns 257,758,886 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Trading Up 3.4 %

NYSE:OXY opened at $48.36 on Tuesday. 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 company has a market capitalization of $45.38 billion, a P/E ratio of 12.59 and a beta of 1.55. The stock’s 50 day moving average price is $49.10 and its 200 day moving average price is $52.02. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of research reports. Bank of America started coverage on shares of Occidental Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 target price on the stock. Mizuho cut their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company decreased their target price on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Three 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 assigned a strong buy rating to the company. According to MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $61.71.

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.