12,500 Shares in Occidental Petroleum Co. (NYSE:OXY) Acquired by Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC bought a new position in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,500 shares of the oil and gas producer's stock, valued at approximately $618,000. Occidental Petroleum makes up approximately 0.7% of Mountain Lake Investment Management LLC's portfolio, making the stock its 23rd largest holding.

Other institutional investors have also recently made changes to their positions in the company. H&H International Investment LLC increased its position in Occidental Petroleum by 497.7% during the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock valued at $475,389,000 after buying an additional 7,680,598 shares in the last quarter. Scharf Investments LLC boosted its stake in Occidental Petroleum by 48.7% during the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock valued at $121,600,000 after purchasing an additional 805,525 shares during the last quarter. Anson Funds Management LP boosted its stake in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer's stock valued at $39,453,000 after purchasing an additional 745,050 shares during the last quarter. Geode Capital Management LLC boosted its stake in Occidental Petroleum by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock valued at $710,886,000 after purchasing an additional 444,850 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Occidental Petroleum during the 3rd quarter valued at $18,554,000. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Up 4.4 %

OXY traded up $2.16 on Wednesday, hitting $51.00. The company had a trading volume of 27,199,943 shares, compared to its average volume of 10,553,355. The company has a market cap of $47.86 billion, a PE ratio of 13.28 and a beta of 1.55. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The business's fifty day simple moving average is $49.01 and its 200 day simple moving average is $51.45.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 15.98% and a net margin of 15.89%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Equities research analysts expect that Occidental Petroleum Co. will post 3.34 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.88%. The ex-dividend date 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 22.92%.

Analyst Ratings Changes

OXY has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on Occidental Petroleum from $53.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. UBS Group cut their target price on Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. TD Cowen cut their target price on Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Monday, December 9th. Finally, Raymond James raised their price target on Occidental Petroleum from $77.00 to $78.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.71.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares of the company's stock, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 6,854,394 shares of company stock worth $315,101,532 over the last 90 days. Company insiders own 0.48% of the company's stock.

Occidental Petroleum Profile

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.