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 $11.24 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 $11.05 billion.
As published in a research note from Scotiabank on April 11, 2025, Occidental Petroleum Corp [OXY] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $40. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of March 10, 2025, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for OXY. Earlier on January 31, 2025, Goldman downgraded its rating. Their new recommendation was “a Sell” for OXY stock which previously was a “a Neutral”.
Analyzing OXY Stock Performance
On last trading session,, Occidental Petroleum Corp [NYSE: OXY] plunged -0.14% to $42.42. The stock’s lowest price that day was $42.11, but it reached a high of $42.835 in the same session. During the last five days, there has been a drop of approximately -7.74%. Over the course of the year, Occidental Petroleum Corp shares have dropped approximately -30.37%. Shares of the company reached a 52-week high of $53.20 on 01/13/25 and a 52-week low of $34.78 on 04/09/25.
Support And Resistance Levels for Occidental Petroleum Corp (OXY)
According to the 24-hour chart, there is a support level at 42.08, which, if violated, would cause prices to drop to 41.73. In the upper region, resistance lies at 42.80. The next price resistance is at 43.18. RSI (Relative Strength Index) is 45.43 on the 14-day chart, showing neutral technical sentiment.
Is Occidental Petroleum Corp subject to short interest?
Stocks of Occidental Petroleum Corp saw a sharp rise in short interest on 2025-05-30 jumping by 1.11 million shares to 35.06 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 33.95 million shares. A jump of 3.17% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.34 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.34.
Which companies own the most shares of Occidental Petroleum Corp (OXY)?
In terms of Occidental Petroleum Corp share price expectations, FactSet research, analysts set an average price target of 54 in the next 12 months, up nearly 27.12% from the previous closing price of $42.48. Analysts anticipate Occidental Petroleum Corp stock to reach 58 by 2025, with the lowest price target being 48. In spite of this, 17 analysts ranked Occidental Petroleum Corp stock as Buy at the end of 2025. On November 08, 2024, JP Morgan assigned a price target of “a Neutral” to the stock and resumed coverage with a $56.
