Certified Advisory Corp acquired a new position in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,633 shares of the oil and gas producer's stock, valued at approximately $476,000.
Several other hedge funds have also recently made changes to their positions in OXY. Gateway Advisory LLC grew its stake in shares of Occidental Petroleum by 3.9% in the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock valued at $306,000 after buying an additional 184 shares during the period. Segment Wealth Management LLC grew its stake in shares of Occidental Petroleum by 5.2% in the 3rd quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer's stock valued at $205,000 after buying an additional 196 shares during the period. Wealth Alliance Advisory Group LLC grew its stake in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer's stock valued at $474,000 after buying an additional 200 shares during the period. Leavell Investment Management Inc. grew its stake in shares of Occidental Petroleum by 3.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer's stock valued at $323,000 after buying an additional 200 shares during the period. Finally, Empire Financial Management Company LLC grew its stake in shares of Occidental Petroleum by 4.1% in the 3rd quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock valued at $329,000 after buying an additional 250 shares during the period. 88.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
OXY has been the subject of a number of analyst reports. Stephens lifted their price target on Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. StockNews.com upgraded Occidental Petroleum from a "sell" rating to a "hold" rating in a research note on Wednesday. Wells Fargo & Company cut their price target on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Monday, December 9th. Piper Sandler cut their price target on Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $56.00 target price on shares of Occidental Petroleum in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.19.
View Our Latest Research Report on Occidental Petroleum
Insider Transactions at Occidental Petroleum
In other news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company's stock.
Occidental Petroleum Stock Performance
OXY stock traded down $0.32 during midday trading on Friday, reaching $51.98. 7,831,562 shares of the company's stock traded hands, compared to its average volume of 11,086,349. The company has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $53.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18. The firm has a market capitalization of $48.78 billion, a PE ratio of 13.54 and a beta of 1.57.
Occidental Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. Occidental Petroleum's payout ratio is currently 22.92%.
About Occidental Petroleum
(
Free Report)
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.
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