These 5 Stocks Are Making Headlines on Tuesday

3. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 67

Shares of Occidental Petroleum Corporation (NYSE:OXY) fell nearly three percent in the pre-market trading session today after Goldman Sachs downgraded the oil and gas company from “Buy” to “Neutral.”

Goldman Sachs analyst Neil Mehta thinks Occidental stock’s valuation is less attractive compared to other energy companies. He pointed towards a sharp surge in Occidental shares on a year-to-date basis.

Nevertheless, Occidental Petroleum Corporation (NYSE:OXY) remains a favorite pick of Warren Buffett’s Berkshire Hathaway. The firm recently acquired 12 million shares of Occidental Petroleum, bringing its total holdings in the company to 175.4 million shares.

Berkshire Hathaway is now the biggest shareholder of Occidental Petroleum Corporation (NYSE:OXY), with an 18.7 percent stake.