Occidental Petroleum Corp’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $164.79 million on Dec 19 ’24. In the deal valued at $45.60 per share,3,614,015 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 264,178,414 shares worth roughly $12.25 billion.
Then, BERKSHIRE HATHAWAY INC bought 2,805,513 shares, generating $129,777,124 in total proceeds. Upon buying the shares at $46.26, the 10% Owner now owns 260,564,399 shares.
Before that, BERKSHIRE HATHAWAY INC bought 2,477,362 shares. Occidental Petroleum Corp shares valued at $114,588,397 were divested by the 10% Owner at a price of $46.25 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 257,758,886 shares, worth roughly $11.95 billion.
Goldman downgraded its Occidental Petroleum Corp [OXY] rating to a Sell from a a Neutral in a research note published on January 31, 2025; the price target was decreased to $45 from $54.
Price Performance Review of OXY
On Monday, Occidental Petroleum Corp [NYSE:OXY] saw its stock fall -0.60% to $46.37. Over the last five days, the stock has lost -6.44%. Occidental Petroleum Corp shares have fallen nearly -6.15% since the year began. Nevertheless, the stocks have fallen -19.45% over the past one year. While a 52-week high of $71.18 was reached on 01/13/25, a 52-week low of $45.17 was recorded on 02/03/25. SMA at 50 days reached $49.43, while 200 days put it at $55.82.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 45.95, which if violated will result in even more drops to 45.53. On the upside, there is a resistance level at 46.78. A further resistance level may holdings at 47.19. The Relative Strength Index (RSI) on the 14-day chart is 30.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.77%. Stochastics %K at 4.92% indicates the stock is a buying.
How much short interest is there in Occidental Petroleum Corp?
A steep rise in short interest was recorded in Occidental Petroleum Corp stocks on 2025-01-15, growing by 2.92 million shares to a total of 38.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 35.59 million shares. There was a rise of 7.58%, which implies that there is a positive sentiment for the stock.
