Berkshire Hathaway Inc. Buys 763,017 Shares of Occidental Petroleum: Is This a Sign of Future Investment?
Berkshire Hathaway Inc. bought 763,017 shares of Occidental Petroleum Company (NYSE:OXY) on Friday, February 7. This significant transaction was performed at an average price of $46.82 per share, for a total value of $35,724,455.94. Following this strategic investment, Berkshire now owns 264,941,431 shares of Occidental Petroleum, valued at $12,404,557,799.42. This increased its position in the company by 0.29%.
This move reflects a long-term view for Berkshire that could potentially benefit investors in the future. The transaction was disclosed via SEC filing, which can be found here. According to SEC rules, large shareholders who own 10% or more of a company’s shares have to disclose their transactions. Is this move part of Berkshire’s upcoming investment strategy?
Can falling bond yields push these 2 small caps to new highs? A look at Berkshire Hathaway Inc.’s latest investment!
Berkshire Hathaway Inc. recently bought a large amount of Occidental Petroleum Company (NYSE:OXY) shares, raising the question of whether falling bond yields could create a huge opportunity for these smaller-sized companies. On Dec. 19, Berkshire bought 3,614,015 shares at an average price of $45.60 per share, for a total value of $164,799,084.00. Earlier on Dec. 17, it bought 2,477,362 shares at an average price of $46.25, for a total value of $114,577,992.50.
This investment, especially at a time when bond yields are falling, clarifies Berkshire’s long-term strategy in the market. Is this move an opportunity for Occidental Petroleum and other small-cap companies? These strategic investments by Berkshire indicate that they expect even bigger changes in this sector.
Occidental Petroleum Trading Movement: Stock Gains 0.5%, Attracts Investors!
Occidental Petroleum (OXY) shares rose $0.22 on the New York Stock Exchange (NYSE) on Tuesday, pushing the shares to $48.60. A total of 8,131,010 shares were traded during this period, while the company’s average volume was 9,834,681 shares.
Occidental Petroleum has a 12-month low price of $45.17 and a high price of $71.18. The company’s financial health also appears strong, with a debt-to-equity ratio of 0.96, a quick ratio of 0.76, and a current ratio of 1.00. Besides, the stock has a 50-day moving average of $49.06 and a 200-day moving average of $51.93.
The company has a market capitalization of $45.61 billion and a PE ratio of 12.66, which may make it attractive to investors. At the same time, its beta is 1.55, which makes it less susceptible to stock market volatility.
Latest Analysts’ Opinion on Occidental Petroleum Stock: Ratings Downgraded
Several analysts have recently made significant changes to their ratings and price targets on Occidental Petroleum shares. Mizuho lowered its price target on the company’s shares from $72.00 to $70.00 and assigned a “neutral” rating on Dec 16. Next, Piper Sandler lowered its price target from $57.00 to $51.00 and gave the stock a “neutral” rating on Dec 19. These changes have caused concern among investors.
The Goldman Sachs Group lowered its rating on the stock from “neutral” to “sell” on Jan 31 and lowered its target price on the stock from $54.00 to $45.00. Also, StockNews.com lowered its price target on the stock from “hold” to a “sell” rating in their report on Feb 6. These reports have sent mixed signals about the company’s future, leaving investors with some uncertainty.
Meanwhile, UBS Group also lowered its target price on Occidental Petroleum’s stock from $58.00 to $51.00 and assigned a “neutral” rating. Overall, 3 analysts have assigned a “sell” rating to the stock, 12 have a “hold” rating, and 6 have a “buy” rating. However, the company’s average rating is “hold,” and the average target price is $61.71, indicating that there are mixed ratings on the stock and a cautious approach for investors to take.
3. $OXY – Occidental Petroleum Corporation
— Bourbon Capital (@BourbonCap) February 10, 2025
Occidental reported a robust $1.5 billion in free cash flow for Q3, exceeding guidance across all segments
The company demonstrated significant improvements in operational efficiency, including a 10% reduction in drilling cycle times… pic.twitter.com/tNLvj8KjZP
Institutional investors are increasing stakes in Occidental Petroleum
Institutional investors’ confidence in Occidental Petroleum continues to grow, and some prominent examples of this were seen recently. Fortitude Family Office LLC increased its stake in the company by 160.0% during the third quarter to 494 shares, valued at a total of $25,000. In addition, Whipplewood Advisors LLC and VSM Wealth Advisory LLC built new positions worth $27,000 in the fourth quarter, indicating that these institutions’ confidence in Occidental Petroleum is increasing.
In addition, Mizuho Securities Co. Ltd. purchased new positions worth $32,000 in the third quarter, and Atalla Financial Inc. purchased a stake worth $40,000 in the fourth quarter. It is clear from these changes that institutional investors are taking a positive stance on Occidental Petroleum’s future, and now 88.50% of the company’s shares are held by institutional investors. This is a strong signal to investors that Occidental Petroleum’s prospects are strong.
About Occidental Petroleum: A Leading Energy Company
Occidental Petroleum Corporation is a leading energy company that, together with its subsidiaries, acquires, explores, and develops oil and gas properties in the United States, the Middle East, and North Africa. The company operates primarily in three segments: oil and gas, chemicals, and midstream & marketing. Its Oil and Gas segment explores, develops, and produces oil, condensate, natural gas liquids (NGLs), and natural gas, making it a key player in the energy sector.
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