Woodward Diversified Capital LLC Purchases 1,144 Shares of Occidental Petroleum Co. (NYSE:OXY)

Woodward Diversified Capital LLC lifted its position in Occidental Petroleum Co. (NYSE:OXY) by 17.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,741 shares of the oil and gas producer’s stock after buying an additional 1,144 shares during the period. Woodward Diversified Capital LLC’s holdings in Occidental Petroleum were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Certified Advisory Corp bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $476,000. Rule One Partners LLC bought a new position in Occidental Petroleum in the third quarter worth about $14,199,000. Stephens Inc. AR boosted its stake in Occidental Petroleum by 221.0% in the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after acquiring an additional 10,382 shares in the last quarter. Sarasin & Partners LLP grew its stake in Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after buying an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $2,509,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OXY. Truist Financial raised their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price target for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Wolfe Research upped their price target on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Citigroup cut 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. Finally, UBS Group dropped their price target on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Stock Down 0.4 %

Shares of NYSE:OXY opened at $46.79 on Friday. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18. The stock has a market cap of $43.90 billion, a P/E ratio of 12.18 and a beta of 1.55. The business has a fifty day moving average of $49.18 and a two-hundred day moving average of $52.23. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by 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.