Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its position in Occidental Petroleum Co. (NYSE:OXY) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,705 shares of the oil and gas producer’s stock after selling 563 shares during the quarter. Hartford Investment Management Co.’s holdings in Occidental Petroleum were worth $2,061,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Certified Advisory Corp bought a new stake in Occidental Petroleum during the fourth quarter valued at $476,000. Rule One Partners LLC acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $14,199,000. Stephens Inc. AR grew its position in shares of Occidental Petroleum by 221.0% during the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after buying an additional 10,382 shares during the last quarter. Sarasin & Partners LLP raised its stake in Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after acquiring an additional 50,983 shares during the period. Finally, Weiss Asset Management LP bought a new position in Occidental Petroleum in the third quarter worth about $2,509,000. 88.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on OXY. Bank of America assumed coverage on Occidental Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $57.00 target price for the company. Wolfe Research increased their target price on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Jefferies Financial Group upped their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Finally, Raymond James lifted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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 business’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost 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 approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders bought 6,854,394 shares of company stock valued at $315,101,532 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Up 0.0 %

Shares of OXY stock opened at $47.84 on Friday. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. 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 business’s fifty day moving average is $49.01 and its 200-day moving average is $51.82. The stock has a market cap of $44.89 billion, a PE ratio of 12.46 and a beta of 1.55.

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.