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

Leavell Investment Management Inc. lowered its holdings in Occidental Petroleum Co. (NYSE:OXY) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,778 shares of the oil and gas producer’s stock after selling 463 shares during the period. Leavell Investment Management Inc.’s holdings in Occidental Petroleum were worth $287,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Portfolio Design Labs LLC bought a new position in Occidental Petroleum during the 4th quarter worth $209,000. Stonebridge Financial Group LLC bought a new position in shares of Occidental Petroleum during the fourth quarter worth about $75,000. Silicon Valley Capital Partners increased its holdings in shares of Occidental Petroleum by 23.2% in the 4th quarter. Silicon Valley Capital Partners now owns 17,294 shares of the oil and gas producer’s stock worth $855,000 after acquiring an additional 3,260 shares during the period. Comprehensive Financial Planning Inc. PA bought a new stake in Occidental Petroleum in the 4th quarter valued at about $68,000. Finally, Savant Capital LLC grew its position in Occidental Petroleum by 3.6% in the 4th quarter. Savant Capital LLC now owns 24,407 shares of the oil and gas producer’s stock worth $1,206,000 after purchasing an additional 840 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Trading Up 0.5 %

NYSE OXY opened at $48.13 on Friday. The firm’s 50 day moving average price is $48.99 and its two-hundred day moving average price is $51.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18. The stock has a market cap of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $46.25 per share, with a total value 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. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OXY shares. Mizuho reduced their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Piper Sandler decreased their price target on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. UBS Group reduced their price objective on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, December 9th. StockNews.com cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Truist Financial increased their price objective 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. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.71.

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.