19,302 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,302 shares of the oil and gas producer's stock, valued at approximately $953,000.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its stake in shares of Occidental Petroleum by 1,181.3% in the 3rd quarter. Virtu Financial LLC now owns 65,437 shares of the oil and gas producer's stock valued at $3,373,000 after purchasing an additional 60,330 shares in the last quarter. Rule One Partners LLC bought a new stake in Occidental Petroleum in the third quarter worth about $14,199,000. PVG Asset Management Corp purchased a new position in Occidental Petroleum in the 3rd quarter worth about $411,000. Blankinship & Foster LLC acquired a new stake in Occidental Petroleum during the 3rd quarter worth about $314,000. Finally, Tidal Investments LLC raised its stake in shares of Occidental Petroleum by 67.9% during the 3rd quarter. Tidal Investments LLC now owns 80,025 shares of the oil and gas producer's stock worth $4,124,000 after purchasing an additional 32,356 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock traded down $0.12 during trading hours on Wednesday, reaching $39.85. 10,973,650 shares of the stock traded hands, compared to its average volume of 10,854,099. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a one year low of $34.79 and a one year high of $68.43. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 16.33 and a beta of 1.02. The company has a 50 day moving average price of $45.23 and a 200 day moving average price of $48.38.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. On average, equities research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were given a $0.24 dividend. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, March 10th. Occidental Petroleum's dividend payout ratio is 39.34%.

Analysts Set New Price Targets

Several research analysts recently commented on OXY shares. Citigroup dropped their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Morgan Stanley set a $58.00 price objective on shares of Occidental Petroleum and gave the company an "overweight" rating in a research report on Wednesday, March 26th. Truist Financial boosted their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. The Goldman Sachs Group cut shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Finally, StockNews.com lowered shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $54.19.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the acquisition, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company's stock.

Occidental Petroleum Company 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.