Guardian Wealth Management Inc. Sells 33,212 Shares of Occidental Petroleum Co. (NYSE:OXY)

Guardian Wealth Management Inc. lessened its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 64.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,478 shares of the oil and gas producer's stock after selling 33,212 shares during the period. Guardian Wealth Management Inc.'s holdings in Occidental Petroleum were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Occidental Petroleum by 18.1% in the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock valued at $3,365,992,000 after buying an additional 10,434,098 shares during the period. Geode Capital Management LLC increased its holdings in shares of Occidental Petroleum by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock worth $701,816,000 after buying an additional 398,467 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Occidental Petroleum by 25.2% during the 4th quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock valued at $314,133,000 after acquiring an additional 1,278,389 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Occidental Petroleum by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,236,980 shares of the oil and gas producer's stock valued at $209,349,000 after purchasing an additional 229,210 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Occidental Petroleum by 48.1% during the fourth quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock valued at $203,459,000 after acquiring an additional 1,337,728 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of analyst reports. Citigroup reduced their price target on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Truist Financial increased their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Susquehanna reduced their price objective on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday. Barclays dropped their target price on shares of Occidental Petroleum from $58.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Stephens lowered their price objective on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $54.19.

Occidental Petroleum Trading Down 0.3 %

Shares of Occidental Petroleum stock opened at $39.85 on Thursday. Occidental Petroleum Co. has a 1 year low of $34.79 and a 1 year high of $68.43. The stock has a fifty day moving average price of $45.07 and a 200-day moving average price of $48.32. 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 $37.45 billion, a PE ratio of 16.33 and a beta of 1.02.

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

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were paid a $0.24 dividend. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.41%. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.