4,546 Shares in Occidental Petroleum Co. (NYSE:OXY) Acquired by Avestar Capital LLC

Avestar Capital LLC bought a new stake in Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,546 shares of the oil and gas producer’s stock, valued at approximately $225,000.

Several other large investors also recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its holdings in 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 worth $290,000 after purchasing an additional 1,352 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter valued at about $87,000. Vontobel Holding Ltd. raised its stake in shares of Occidental Petroleum by 389.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 78,802 shares of the oil and gas producer’s stock valued at $4,061,000 after acquiring an additional 62,716 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in Occidental Petroleum during the third quarter worth approximately $258,000. Finally, Bleakley Financial Group LLC grew its holdings in Occidental Petroleum by 8.5% during the third quarter. Bleakley Financial Group LLC now owns 10,603 shares of the oil and gas producer’s stock valued at $546,000 after purchasing an additional 834 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OXY has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, December 9th. Wolfe Research raised their price target on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Susquehanna cut their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. UBS Group lowered their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.71.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the purchase, the insider now owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. This represents 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 available through the SEC website. Insiders bought 6,854,394 shares of company stock worth $315,101,532 in the last quarter. 0.31% of the stock is owned by corporate insiders.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $48.13 on Friday. The firm has a market capitalization of $45.16 billion, a P/E ratio of 12.53 and a beta of 1.55. The stock has a fifty day moving average price of $49.00 and a two-hundred day moving average price of $51.71. 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 current ratio of 1.00 and a quick ratio of 0.76.

Occidental Petroleum Company 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.