GFG Capital LLC Sells 10,300 Shares of Occidental Petroleum Co. (NYSE:OXY)

GFG Capital LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,252 shares of the oil and gas producer’s stock after selling 10,300 shares during the period. GFG Capital LLC’s holdings in Occidental Petroleum were worth $1,989,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Littlejohn Financial Services Inc. bought a new position in Occidental Petroleum during the fourth quarter valued at about $349,000. Life Planning Partners Inc bought a new position in Occidental Petroleum during the fourth quarter valued at about $1,485,000. Avestar Capital LLC bought a new position in Occidental Petroleum during the fourth quarter valued at about $225,000. Portfolio Design Labs LLC bought a new position in Occidental Petroleum during the fourth quarter valued at about $209,000. Finally, Stonebridge Financial Group LLC bought a new position in Occidental Petroleum during the fourth quarter valued at about $75,000. 88.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OXY has been the topic of several analyst reports. Mizuho lowered their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Raymond James upped their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. UBS Group lowered their price objective on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.71.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 6,854,394 shares of company stock valued at $315,101,532 in the last 90 days. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Stock Performance

OXY stock opened at $47.84 on Friday. The business’s fifty day moving average is $49.01 and its 200-day moving average is $51.82. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The company has a market cap of $44.89 billion, a P/E ratio of 12.46 and a beta of 1.55. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18.

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.