The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Occidental Petroleum Corp shares valued at $35,724,074 were purchased by BERKSHIRE HATHAWAY INC on Feb 07 ’25. At $46.82 per share, BERKSHIRE HATHAWAY INC acquired 763,017 shares. The insider’s holdings grew to 264,941,431 shares worth approximately $13.51 billion following the completion of this transaction.
Also, BERKSHIRE HATHAWAY INC purchased 3,614,015 shares, netting a total of over 164,787,626 in proceeds. Following the buying of shares at $45.60 each, the insider now holds 264,178,414 shares.
Before that, BERKSHIRE HATHAWAY INC had added 2,805,513 shares to its account. In a trade valued at $129,777,124, the 10% Owner bought Occidental Petroleum Corp shares for $46.26 each. Upon closing the transaction, the insider’s holdings increased to 2,805,513 shares, worth approximately $13.29 billion.
As published in a research note from Goldman on January 31, 2025, Occidental Petroleum Corp [OXY] has been rated down from a Neutral to a Sell and the price target has been revised to $45 from $54.
Analyzing OXY Stock Performance
During the last five days, there has been a surge of approximately 4.90%. Over the course of the year, Occidental Petroleum Corp shares have jumped approximately 3.20%. Shares of the company reached a 52-week high of $53.20 on 01/13/25 and a 52-week low of $45.94 on 02/03/25. A 50-day SMA is recorded $48.90, while a 200-day SMA reached $54.79. Nevertheless, trading volume fell to 27.19 million shares from 15.36 million shares the previous day.
Support And Resistance Levels for Occidental Petroleum Corp (OXY)
According to the 24-hour chart, there is a support level at 49.47, which, if violated, would cause prices to drop to 47.95. In the upper region, resistance lies at 52.34. The next price resistance is at 53.69. RSI (Relative Strength Index) is 62.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 18.94%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
