Apella Capital LLC Acquires New Position in Occidental Petroleum Co. (NYSE:OXY)

Apella Capital LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,527 shares of the oil and gas producer's stock, valued at approximately $273,000.

A number of other large investors have also modified their holdings of OXY. Geode Capital Management LLC lifted its position in Occidental Petroleum by 3.3% during the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock worth $710,886,000 after buying an additional 444,850 shares in the last quarter. H&H International Investment LLC raised its holdings in shares of 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 worth $475,389,000 after acquiring an additional 7,680,598 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Occidental Petroleum by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,007,770 shares of the oil and gas producer's stock valued at $206,560,000 after purchasing an additional 98,703 shares during the period. Swiss National Bank grew its holdings in shares of Occidental Petroleum by 0.3% in the third quarter. Swiss National Bank now owns 1,973,614 shares of the oil and gas producer's stock valued at $101,720,000 after purchasing an additional 5,200 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in Occidental Petroleum by 20.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,661,231 shares of the oil and gas producer's stock worth $104,707,000 after purchasing an additional 277,462 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OXY. Susquehanna dropped their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating for the company in a research note on Thursday, November 14th. Wolfe Research increased their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Mizuho reduced their target price on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered their price target on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating for the company in a report on Monday, December 9th. Finally, Stephens upped their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $62.19.

Occidental Petroleum Stock Performance

Shares of OXY traded down $0.42 during mid-day trading on Thursday, reaching $52.28. 6,166,842 shares of the company's stock were exchanged, compared to its average volume of 9,997,573. The business's fifty day simple moving average is $49.65 and its 200-day simple moving average is $53.61. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18. The stock has a market capitalization of $49.05 billion, a PE ratio of 13.61 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76.

Occidental Petroleum Announces Dividend

The firm also recently announced 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 was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.68%. Occidental Petroleum's payout ratio is 22.92%.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the purchase, the insider now directly owns 257,758,886 shares of the company's stock, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

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.