Peterson Wealth Services Has $49,000 Holdings in Occidental Petroleum Co. (NYSE:OXY)

Peterson Wealth Services reduced its stake in Occidental Petroleum Co. (NYSE:OXY) by 98.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,000 shares of the oil and gas producer’s stock after selling 73,231 shares during the period. Peterson Wealth Services’ holdings in Occidental Petroleum were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OXY. Mizuho decreased their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. StockNews.com cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, 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 report on Thursday, December 19th. Three equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.71.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price 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 approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $48.36 on Tuesday. The company has a market capitalization of $45.38 billion, a PE ratio of 12.59 and a beta of 1.55. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. The company has a 50 day simple moving average of $49.10 and a two-hundred day simple moving average of $52.02.

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.