Occidental Petroleum (NYSE:OXY) Stock Rating Upgraded by StockNews.com

Occidental Petroleum (NYSE:OXY) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other research analysts have also recently issued reports about the company. Citigroup reduced their price objective on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. UBS Group reduced their price target on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays reduced their price target on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Mizuho reduced their price target 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, fourteen 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.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Trading Up 0.5 %

Shares of NYSE:OXY opened at $49.55 on Tuesday. Occidental Petroleum has a 52-week low of $45.17 and a 52-week high of $71.18. The stock has a market cap of $46.50 billion, a price-to-earnings ratio of 12.90 and a beta of 1.57. 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 50-day moving average price of $49.69 and a 200-day moving average price of $53.01.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now directly owns 257,758,886 shares in the company, valued at $11,921,348,477.50. The trade was a 0.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by insiders.

Institutional Trading of Occidental Petroleum

Several large investors have recently bought and sold shares of OXY. Certified Advisory Corp acquired a new position in Occidental Petroleum in the fourth quarter worth $476,000. Rule One Partners LLC acquired a new position in shares of Occidental Petroleum during the third quarter valued at $14,199,000. Stephens Inc. AR boosted its holdings in shares of Occidental Petroleum by 221.0% during the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after acquiring an additional 10,382 shares during the period. Sarasin & Partners LLP boosted its holdings in shares of Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock valued at $48,942,000 after acquiring an additional 50,983 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Occidental Petroleum during the third quarter valued at $2,509,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.