Occidental Petroleum Corp’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $35.72 million on Feb 07 ’25. In the deal valued at $46.82 per share,763,017 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 264,941,431 shares worth roughly $ 12.73 billion.
Then, BERKSHIRE HATHAWAY INC bought 3,614,015 shares, generating $164,787,626 in total proceeds. Upon buying the shares at $45.60, the 10% Owner now owns 264,178,414 shares.
Before that, BERKSHIRE HATHAWAY INC bought 2,805,513 shares. Occidental Petroleum Corp shares valued at $129,777,124 were divested by the 10% Owner at a price of $46.26 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 260,564,399 shares, worth roughly $12.52 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 Friday, Occidental Petroleum Corp [NYSE:OXY] saw its stock jump 0.38% to $48.06. Over the last five days, the stock has gained 2.74%. Occidental Petroleum Corp shares have fallen nearly -2.73% since the year began. Nevertheless, the stocks have fallen -16.58% 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 $48.89, while 200 days put it at $54.94.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 47.68, which if violated will result in even more drops to 47.31. On the upside, there is a resistance level at 48.76. A further resistance level may holdings at 49.46. The Relative Strength Index (RSI) on the 14-day chart is 45.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.33%. Stochastics %K at 46.77% indicates the stock is a holding.
How much short interest is there in Occidental Petroleum Corp?
A steep rise in short interest was recorded in Occidental Petroleum Corp stocks on 2025-01-31, dropping by -1.96 million shares to a total of 36.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 38.58 million shares. There was a decline of -5.34%, which implies that there is a negative sentiment for the stock.
