Mraz Amerine & Associates Inc. Grows Holdings in Occidental Petroleum Co. (NYSE:OXY)

Mraz Amerine & Associates Inc. boosted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 106,307 shares of the oil and gas producer’s stock after purchasing an additional 7,784 shares during the period. Occidental Petroleum makes up 0.9% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 18th largest holding. Mraz Amerine & Associates Inc.’s holdings in Occidental Petroleum were worth $5,253,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. H&H International Investment LLC lifted its holdings in shares of Occidental Petroleum by 497.7% during the third 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 purchasing an additional 7,680,598 shares during the period. Scharf Investments LLC lifted its stake 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 acquiring an additional 805,525 shares during the period. Anson Funds Management LP boosted its holdings in shares of Occidental Petroleum by 3,645.8% in the third quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after acquiring an additional 745,050 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Occidental Petroleum by 3.3% during the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock worth $710,886,000 after acquiring an additional 444,850 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Occidental Petroleum during the third quarter worth about $18,554,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OXY shares. Stephens lifted their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. Wells Fargo & Company cut their price objective on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group downgraded shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and cut their price target for the company from $54.00 to $45.00 in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.71.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction on 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 completion of the purchase, the insider now directly owns 264,941,431 shares in the company, valued at approximately $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 hyperlink. Over the last ninety days, insiders have acquired 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Trading Up 0.5 %

Shares of Occidental Petroleum stock opened at $48.13 on Tuesday. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The business’s fifty day moving average is $49.00 and its two-hundred day moving average is $51.59. 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 firm has a market cap of $45.16 billion, a PE ratio of 12.53 and a beta of 1.55.

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.