Occidental Petroleum Co. (NYSE:OXY) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,733 shares of the oil and gas producer’s stock after selling 7,257 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Occidental Petroleum were worth $11,499,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. H&H International Investment LLC raised its position in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock worth $475,389,000 after buying an additional 7,680,598 shares during the period. Scharf Investments LLC raised its holdings in shares of Occidental Petroleum by 48.7% in the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer’s stock worth $121,600,000 after purchasing an additional 805,525 shares during the period. Anson Funds Management LP lifted its stake in shares of Occidental Petroleum by 3,645.8% in the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after purchasing an additional 745,050 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Occidental Petroleum by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock worth $710,886,000 after purchasing an additional 444,850 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $18,554,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of recent research reports. Raymond James lifted their price target 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. Truist Financial lifted their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wolfe Research increased their price target on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. 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 research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 target price on shares of Occidental Petroleum in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $61.71.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the transaction, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Stock Up 0.5 %

Shares of Occidental Petroleum stock opened at $48.13 on Tuesday. The business has a 50-day moving average price of $49.00 and a 200 day moving average price of $51.59. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The firm has a market cap of $45.16 billion, a P/E ratio of 12.53 and a beta of 1.55. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

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.