Occidental Petroleum shares rose 2.4% this morning to a price of $69.25. The stock is still trading within range of its average target price of $66.63, and over the last 52 weeks, it has recorded a 8.1% performance. Analysts have given the Large-Cap Oil & Gas Drilling stock target prices ranging from $58.0 to $77.0 dollars per share, with an average rating of hold.
The stock has an above average percentage of its shares sold short at 10.8%, and a short ratio of 5.42. The company's insiders own 28.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 52.0% of Occidental Petroleum's shares being owned by this investor type.
Institutions Invested in Occidental Petroleum
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Berkshire Hathaway, Inc | 27% | 243,715,804 | $16,877,319,427 |
| 2023-12-31 | Dodge & Cox Inc | 9% | 80,992,508 | $5,608,731,179 |
| 2023-12-31 | Vanguard Group Inc | 6% | 56,822,431 | $3,934,953,346 |
| 2023-12-31 | Blackrock Inc. | 5% | 40,113,483 | $2,777,858,697 |
| 2023-12-31 | State Street Corporation | 5% | 40,115,159 | $2,777,974,760 |
| 2023-12-31 | FMR, LLC | 2% | 21,739,668 | $1,505,472,009 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 1% | 12,660,967 | $876,771,964 |
| 2023-12-31 | Geode Capital Management, LLC | 1% | 12,571,844 | $870,600,197 |
| 2023-12-31 | Morgan Stanley | 1% | 9,302,707 | $644,212,459 |
| 2023-12-31 | Dimensional Fund Advisors LP | 1% | 7,391,465 | $511,858,951 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Occidental Petroleum.
