Nvwm LLC Has $265,000 Holdings in Occidental Petroleum Co. (NYSE:OXY)

Nvwm LLC reduced its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,355 shares of the oil and gas producer’s stock after selling 2,728 shares during the quarter. Nvwm LLC’s holdings in Occidental Petroleum were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OXY. Certified Advisory Corp acquired a new stake in Occidental Petroleum in the 4th quarter valued at about $476,000. Rule One Partners LLC acquired a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $14,199,000. Stephens Inc. AR boosted its stake in shares of Occidental Petroleum by 221.0% during the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after acquiring an additional 10,382 shares during the period. Sarasin & Partners LLP increased its holdings in shares of Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after acquiring an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $2,509,000. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OXY. Susquehanna dropped their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research report on Thursday, November 14th. Bank of America started coverage on shares of Occidental Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price target on the stock. Raymond James upped their target price on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. UBS Group dropped their price target on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Piper Sandler decreased their price objective on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $47.36 on Thursday. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18. 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 business has a fifty day simple moving average of $49.31 and a 200 day simple moving average of $52.31. The company has a market cap of $44.44 billion, a P/E ratio of 12.33 and a beta of 1.55.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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.