Life Planning Partners Inc Acquires Shares of 30,051 Occidental Petroleum Co. (NYSE:OXY)

Life Planning Partners Inc bought a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 30,051 shares of the oil and gas producer’s stock, valued at approximately $1,485,000.

Other large investors also recently made changes to their positions in the company. Avestar Capital LLC bought a new stake in Occidental Petroleum in the fourth quarter valued at about $225,000. Portfolio Design Labs LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $209,000. Stonebridge Financial Group LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $75,000. Silicon Valley Capital Partners boosted its stake in Occidental Petroleum by 23.2% during the 4th quarter. Silicon Valley Capital Partners now owns 17,294 shares of the oil and gas producer’s stock worth $855,000 after acquiring an additional 3,260 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Occidental Petroleum during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of several research analyst reports. Susquehanna dropped their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research note on Thursday, November 14th. Bank of America initiated coverage on Occidental Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $57.00 target price for the company. Stephens lifted their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Raymond James increased their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Three 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $61.71.

Occidental Petroleum Trading Up 0.0 %

Occidental Petroleum stock opened at $47.84 on Friday. 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 stock has a 50-day simple moving average of $49.01 and a 200 day simple moving average of $51.82. The stock has a market capitalization of $44.89 billion, a P/E ratio of 12.46 and a beta of 1.55. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have acquired 6,854,394 shares of company stock worth $315,101,532. Company insiders own 0.31% of the company’s stock.

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.