In a filing, Occidental Petroleum Corp revealed 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 $11.17 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 $10.99 billion.
Scotiabank downgraded its Occidental Petroleum Corp [OXY] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Raymond James also remained covering OXY and has decreased its forecast on March 10, 2025 with a “an Outperform” recommendation from previously “Strong buy” rating. Goldman revised its rating on January 31, 2025. It rated OXY as “a Sell” which previously was an “a Neutral”.
Price Performance Review of OXY
On Friday, Occidental Petroleum Corp [NYSE:OXY] saw its stock jump 1.74% to $42.16. Over the last five days, the stock has gained 3.82%. Occidental Petroleum Corp shares have fallen nearly -14.67% since the year began. Nevertheless, the stocks have fallen -35.21% over the past one year. While a 52-week high of $64.75 was reached on 01/13/25, a 52-week low of $34.78 was recorded on 04/09/25. SMA at 50 days reached $43.46, while 200 days put it at $49.75.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 41.62, which if violated will result in even more drops to 41.08. On the upside, there is a resistance level at 42.52. A further resistance level may holdings at 42.87. The Relative Strength Index (RSI) on the 14-day chart is 54.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.83%. Stochastics %K at 68.88% indicates the stock is a holding.
