Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 14.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,892 shares of the oil and gas producer's stock after purchasing an additional 10,312 shares during the period. Cerity Partners LLC's holdings in Occidental Petroleum were worth $4,059,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Inc. increased its stake in shares of Occidental Petroleum by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after purchasing an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Occidental Petroleum by 27.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after buying an additional 248 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Occidental Petroleum by 3.2% in the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock worth $398,000 after acquiring an additional 250 shares during the period. Horizon Investments LLC boosted its stake in Occidental Petroleum by 2.3% in the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock worth $554,000 after purchasing an additional 257 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Occidental Petroleum by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock valued at $2,863,000 after buying an additional 290 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

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Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company's stock.

Occidental Petroleum Stock Down 0.3 %

Shares of OXY traded down $0.13 during midday trading on Tuesday, reaching $37.77. 9,330,283 shares of the stock were exchanged, compared to its average volume of 10,790,038. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 52 week low of $34.79 and a 52 week high of $69.44. The company's 50 day moving average is $46.27 and its two-hundred day moving average is $48.95. The company has a market capitalization of $35.50 billion, a P/E ratio of 15.48 and a beta of 1.02.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. On average, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend 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 39.34%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OXY. Mizuho dropped their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Roth Capital set a $54.00 price target on Occidental Petroleum in a research note on Thursday, January 23rd. Piper Sandler reduced their price objective on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group downgraded 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 report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus target price of $56.10.

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.