Secured Retirement Advisors LLC Buys 5,942 Shares of Occidental Petroleum Co. (NYSE:OXY)

Secured Retirement Advisors LLC lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 28.9% during the fourth quarter, HoldingsChannel reports. The firm owned 26,516 shares of the oil and gas producer’s stock after acquiring an additional 5,942 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Occidental Petroleum were worth $1,310,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 304 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $32,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $50,000. New Wave Wealth Advisors LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $59,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Occidental Petroleum during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The shares were 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 of the company’s stock, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have bought 6,854,394 shares of company stock valued at $315,101,532 over the last three months. 0.31% of the stock is owned by insiders.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $48.13 on Friday. The firm has a 50 day moving average of $49.00 and a 200-day moving average of $51.71. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $45.16 billion, a PE ratio of 12.53 and a beta of 1.55.

Wall Street Analysts Forecast Growth

OXY has been the topic of several research reports. Wells Fargo & Company decreased their price objective on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Piper Sandler decreased their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Susquehanna cut their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. TD Cowen decreased their target price on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com cut 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.71.

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.