Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Reduced by Capital Advisors Inc. OK

Capital Advisors Inc. OK cut its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,272 shares of the oil and gas producer’s stock after selling 1,174 shares during the period. Capital Advisors Inc. OK’s holdings in Occidental Petroleum were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OXY. Segment Wealth Management LLC raised its position in Occidental Petroleum by 5.2% during the third quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer’s stock valued at $205,000 after acquiring an additional 196 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its stake in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer’s stock worth $474,000 after purchasing an additional 200 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Occidental Petroleum by 3.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer’s stock valued at $323,000 after purchasing an additional 200 shares in the last quarter. Empire Financial Management Company LLC lifted its stake in shares of Occidental Petroleum by 4.1% in the 3rd quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 250 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Occidental Petroleum by 3.2% in the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock worth $398,000 after purchasing an additional 250 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $47.83 on Thursday. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The company has a market capitalization of $44.88 billion, a P/E ratio of 12.46 and a beta of 1.55. The stock has a 50 day moving average of $49.03 and a two-hundred day moving average of $51.85. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OXY shares. Mizuho reduced their price target 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. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. TD Cowen lowered their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Wolfe Research boosted their price objective on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Susquehanna decreased their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $61.71.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders bought 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is owned by corporate insiders.

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.