Miller Howard Investments Inc. NY Has $3.89 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Miller Howard Investments Inc. NY lessened its position in Occidental Petroleum Co. (NYSE:OXY) by 8.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,732 shares of the oil and gas producer’s stock after selling 7,497 shares during the period. Miller Howard Investments Inc. NY’s holdings in Occidental Petroleum were worth $3,890,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Entropy Technologies LP grew its stake in Occidental Petroleum by 158.6% during the fourth quarter. Entropy Technologies LP now owns 239,172 shares of the oil and gas producer’s stock worth $11,817,000 after buying an additional 146,668 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Occidental Petroleum by 1.4% in the 4th quarter. Empowered Funds LLC now owns 211,897 shares of the oil and gas producer’s stock worth $10,470,000 after acquiring an additional 2,917 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in Occidental Petroleum by 15.7% during the 4th quarter. Cidel Asset Management Inc. now owns 6,389 shares of the oil and gas producer’s stock valued at $316,000 after purchasing an additional 867 shares in the last quarter. Woodward Diversified Capital LLC raised its position in Occidental Petroleum by 17.3% in the 4th quarter. Woodward Diversified Capital LLC now owns 7,741 shares of the oil and gas producer’s stock valued at $382,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Occidental Petroleum by 1.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 83,984 shares of the oil and gas producer’s stock worth $4,150,000 after purchasing an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $46.79 on Friday. The firm has a market capitalization of $43.90 billion, a price-to-earnings ratio of 12.18 and a beta of 1.55. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18. 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 firm has a fifty day moving average of $49.10 and a 200-day moving average of $52.13.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $46.25 per share, for a total transaction of $114,577,992.50. Following the acquisition, the insider now directly owns 257,758,886 shares of the company’s stock, valued at approximately $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OXY shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 price target on shares of Occidental Petroleum in a report on Friday, November 8th. Susquehanna reduced their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research report on Thursday, November 14th. Stephens boosted their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Mizuho decreased their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Raymond James boosted their target price on Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.71.

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.