We recently published a list of 10 Stocks Insiders Spent The Most Money On Recently. In this article, we are going to take a look at where Occidental Petroleum Corporation (NYSE:OXY) stands against other stocks insiders spent the most money on recently.

As the broader market continues to rise this year, we thought it would be interesting to highlight some stocks that have seen significant insider buying recently. Insiders—such as executives and directors—often have valuable insights into a company’s strategy, plans, and future initiatives. For instance, when a CEO or CFO invests their own money to purchase company shares, it can be seen as a strong vote of confidence in the company’s prospects. When an insider makes a substantial financial commitment, it often signals an even higher level of confidence in the company’s future performance.

Why should we be interested in insider trading activity? While both insider selling and buying can be driven by various motives, it is important to consider these moves within the broader context of the company’s fundamentals, industry trends, and overall market conditions. That’s why due diligence before any investment is of the utmost importance. However, insider trading activity in combination with other relevant determinants can offer valuable insights into a company’s capabilities, helping investors make more informed investment decisions.

What are some of the stocks that have seen the most insider investment recently? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where each individual insider purchase was valued at $2 million or more. This means the total value of insider purchases over the same period (last 60 days) could be higher, but only larger purchases were considered in the search.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

With each stock, we note the value of acquired shares, which refers to the value of shares acquired through individual insider purchases worth at least $2 million each.

Oil derricks in the background with a few workers in the foreground, emphasizing the company’s oil and gas production activities.

Occidental Petroleum Corporation (NYSE:OXY)

Value Of Shares Acquired: $200,511,700.49

Market Cap: $45.83 billion

The third stock among the 10 with the highest insider investment recently is Occidental Petroleum Corporation (NYSE:OXY). The company is focused on hydrocarbon exploration in the U.S. and the Middle East, and petrochemical manufacturing in the U.S., Canada, and Chile. Last year, the company significantly expanded its footprint in the Permian and Midland basins with the $12 billion acquisition of Crown Rock. This is also one of the 11 Best Natural Gas Stocks To Buy Now.

Over the last 60 days, one insider – Warren Buffett’s Berkshire Hathway Inc bought $200.51 million worth of Occidental Petroleum (NYSE:OXY) shares, at an average price of $46.23 per share. The stock is now trading at $48.84 per share, having declined 1.15% year-to-date. Over the past 12 months, the stock dropped 18%. With its latest purchase, Berkshire Hathway increased its holdings to 264,941,431 shares.

The company recently announced it has achieved its near-term debt repayment target of $4.5 billion in the fourth quarter of 2024. Furthermore, in the first quarter of 2025, Occidental Petroleum (NYSE:OXY) also signed two agreements to divest upstream assets to undisclosed buyers for a combined total of $1.2 billion.

For the fourth quarter of 2024, the company reported a net loss attributable to common stockholders of $297 million, or $0.32 per diluted share, and adjusted income attributable to common stockholders of $792 million, or $0.80 per diluted share, for the fourth quarter of 2024.

Overall, OXY ranks 3rd on our list of stocks insiders spent the most money on recently. While we acknowledge the potential of OXY our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OXY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.