Occidental Petroleum Co. (NYSE:OXY) Shares Sold by HBC Financial Services PLLC

HBC Financial Services PLLC trimmed its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,060 shares of the oil and gas producer's stock after selling 16,000 shares during the period. HBC Financial Services PLLC's holdings in Occidental Petroleum were worth $101,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gateway Advisory LLC lifted its position in Occidental Petroleum by 3.9% during the second quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock worth $306,000 after buying an additional 184 shares during the period. Segment Wealth Management LLC increased its stake in shares of Occidental Petroleum by 5.2% during the 3rd quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer's stock valued at $205,000 after acquiring an additional 196 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer's stock worth $474,000 after acquiring an additional 200 shares during the period. Leavell Investment Management Inc. boosted its position in shares of Occidental Petroleum by 3.3% in the third quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer's stock worth $323,000 after acquiring an additional 200 shares during the last quarter. Finally, Empire Financial Management Company LLC grew its holdings in Occidental Petroleum by 4.1% in the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock valued at $329,000 after purchasing an additional 250 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the acquisition, the insider now owns 257,758,886 shares of the company's stock, valued at approximately $11,921,348,477.50. This represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by company insiders.

Occidental Petroleum Stock Down 2.7 %

OXY stock traded down $1.40 during mid-day trading on Tuesday, hitting $50.57. 13,369,254 shares of the company were exchanged, compared to its average volume of 10,087,709. The firm has a fifty day simple moving average of $49.72 and a 200 day simple moving average of $53.32. The company has a market capitalization of $47.46 billion, a PE ratio of 13.17 and a beta of 1.57. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum's payout ratio is currently 22.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on OXY shares. Citigroup lowered their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. Stephens boosted their price target on Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group started coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They issued a "neutral" rating and a $55.00 price objective on the stock. UBS Group decreased their target price on Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Finally, StockNews.com raised shares of Occidental Petroleum from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.