Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Occidental Petroleum Co. (NYSE:OXY)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,600 shares of the oil and gas producer's stock, valued at approximately $771,000.

A number of other hedge funds also recently made changes to their positions in the business. Certified Advisory Corp acquired a new stake in Occidental Petroleum during the 4th quarter valued at $476,000. Rule One Partners LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at about $14,199,000. Fisher Asset Management LLC raised its holdings in Occidental Petroleum by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer's stock valued at $30,320,000 after acquiring an additional 6,461 shares during the period. Sarasin & Partners LLP lifted its position in Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer's stock worth $48,942,000 after acquiring an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Occidental Petroleum during the third quarter worth approximately $2,509,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Up 3.4 %

Shares of NYSE OXY opened at $47.26 on Friday. Occidental Petroleum Co. has a 1 year low of $44.70 and a 1 year high of $71.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The firm has a market cap of $44.35 billion, a PE ratio of 19.37 and a beta of 1.51. The company has a 50 day simple moving average of $49.27 and a 200 day simple moving average of $50.68.

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Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. On average, research analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be paid a $0.24 dividend. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, March 10th. Occidental Petroleum's payout ratio is currently 39.34%.

Analyst Upgrades and Downgrades

OXY has been the subject of several research reports. Roth Capital set a $54.00 price target on Occidental Petroleum in a report on Thursday, January 23rd. The Goldman Sachs Group downgraded Occidental Petroleum from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Jefferies Financial Group upped their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Raymond James boosted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. Finally, TD Cowen lowered their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $61.50.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now owns 257,758,886 shares in the company, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased 6,854,394 shares of company stock worth $315,101,532 over the last ninety days. Insiders own 0.31% of the company's stock.

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.

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