Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Occidental Petroleum Co. (NYSE:OXY) by 41.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,466 shares of the oil and gas producer’s stock after selling 3,880 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Occidental Petroleum were worth $270,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new position in Occidental Petroleum in the 3rd quarter valued at about $32,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Occidental Petroleum in the 3rd quarter worth approximately $50,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after acquiring an additional 248 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $59,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Occidental Petroleum during the fourth quarter worth approximately $68,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 6,854,394 shares of company stock worth $315,101,532. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Trading Up 0.3 %

NYSE OXY opened at $46.60 on Wednesday. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The firm’s fifty day simple moving average is $49.40 and its 200-day simple moving average is $50.86. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $43.73 billion, a PE ratio of 19.10 and a beta of 1.55.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. As a group, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is presently 39.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $71.00 price target on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Piper Sandler dropped their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. TD Cowen reduced their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Raymond James boosted their target price on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Finally, UBS Group raised their target price on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.55.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.