Clarius Group LLC Purchases 5,457 Shares of Occidental Petroleum Co. (NYSE:OXY)

Clarius Group LLC increased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 129.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,664 shares of the oil and gas producer's stock after acquiring an additional 5,457 shares during the quarter. Clarius Group LLC's holdings in Occidental Petroleum were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 304 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in Occidental Petroleum during the 3rd quarter worth approximately $32,000. Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $50,000. Exchange Traded Concepts LLC bought a new position in Occidental Petroleum in the third quarter valued at approximately $87,000. Finally, Kennebec Savings Bank acquired a new position in shares of Occidental Petroleum in the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded down $0.32 during midday trading on Monday, hitting $51.98. 7,831,562 shares of the company's stock were exchanged, compared to its average volume of 11,086,349. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $48.78 billion, a PE ratio of 13.54 and a beta of 1.57. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The company's 50 day moving average price is $49.70 and its 200 day moving average price is $53.40.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 dividend payout ratio is currently 22.92%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OXY. Truist Financial raised their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Evercore ISI cut their price target on Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating on the stock in a report on Monday, September 30th. Wells Fargo & Company decreased their price objective 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. Scotiabank reduced their price target on Occidental Petroleum from $80.00 to $65.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Finally, Raymond James raised their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and an average target price of $62.19.

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.