Occidental Petroleum Corp’s filing revealed 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 $12.52 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 $12.31 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 3.35% to $47.24. Over the last five days, the stock has lost -3.28%. Occidental Petroleum Corp shares have fallen nearly -4.39% since the year began. Nevertheless, the stocks have fallen -22.02% over the past one year. While a 52-week high of $71.18 was reached on 01/13/25, a 52-week low of $44.70 was recorded on 03/05/25. SMA at 50 days reached $49.10, while 200 days put it at $53.85.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 46.46, which if violated will result in even more drops to 45.69. On the upside, there is a resistance level at 47.75. A further resistance level may holdings at 48.27. The Relative Strength Index (RSI) on the 14-day chart is 45.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.77%. Stochastics %K at 18.44% indicates the stock is a buying.
