AlphaQuest LLC Has $159,000 Stock Position in Occidental Petroleum Co. (NYSE:OXY)

AlphaQuest LLC decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,218 shares of the oil and gas producer's stock after selling 23,178 shares during the period. AlphaQuest LLC's holdings in Occidental Petroleum were worth $159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Occidental Petroleum by 3.3% in 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. H&H International Investment LLC lifted its position in shares of Occidental Petroleum by 497.7% in the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock worth $475,389,000 after buying an additional 7,680,598 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Occidental Petroleum by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,236,980 shares of the oil and gas producer's stock worth $209,349,000 after acquiring an additional 229,210 shares in the last quarter. Scharf Investments LLC raised its stake in shares of Occidental Petroleum by 48.7% in 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 acquiring an additional 805,525 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Occidental Petroleum by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,973,614 shares of the oil and gas producer's stock worth $101,720,000 after purchasing an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

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Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now directly owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company's stock.

Occidental Petroleum Stock Up 0.3 %

OXY traded up $0.15 during trading hours on Friday, hitting $48.11. 23,267,880 shares of the company's stock were exchanged, compared to its average volume of 9,959,288. The stock's 50-day moving average is $48.68 and its two-hundred day moving average is $50.11. 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 1-year low of $44.70 and a 1-year high of $71.19. The stock has a market cap of $45.15 billion, a price-to-earnings ratio of 19.72 and a beta of 1.51.

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

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. Occidental Petroleum's payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OXY. The Goldman Sachs Group lowered shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and lowered their target price for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Wells Fargo & Company reiterated an "equal weight" rating on shares of Occidental Petroleum in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Truist Financial lifted their price target on Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Roth Capital set a $54.00 price objective on Occidental Petroleum in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of "Hold" and a consensus target price of $60.45.

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.