Stratos Wealth Advisors LLC Has $582,000 Holdings in Occidental Petroleum Co. (NYSE:OXY)

Stratos Wealth Advisors LLC increased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 60.3% during the fourth quarter, HoldingsChannel reports. The fund owned 11,771 shares of the oil and gas producer’s stock after buying an additional 4,428 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $582,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Occidental Petroleum during the third quarter valued at $32,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Occidental Petroleum during the third quarter worth $50,000. New Wave Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the fourth quarter worth $59,000. Finally, Westside Investment Management Inc. raised its position in Occidental Petroleum by 224.0% during the 4th quarter. Westside Investment Management Inc. now owns 1,555 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 1,075 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the transaction, the insider now owns 257,758,886 shares in the company, valued at $11,921,348,477.50. This represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the subject of several recent research reports. Wolfe Research increased their price target on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James boosted their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $46.79 on Friday. The business’s fifty day simple moving average is $49.18 and its 200 day simple moving average is $52.23. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The firm has a market capitalization of $43.90 billion, a P/E ratio of 12.18 and a beta of 1.55.

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.