Invesco Ltd. Has $314.13 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Invesco Ltd. lifted its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 25.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,357,689 shares of the oil and gas producer's stock after purchasing an additional 1,278,389 shares during the period. Invesco Ltd. owned 0.68% of Occidental Petroleum worth $314,133,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OXY. VSM Wealth Advisory LLC bought a new position in shares of Occidental Petroleum during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new position in Occidental Petroleum during the fourth quarter worth about $27,000. Atala Financial Inc acquired a new position in Occidental Petroleum in the fourth quarter valued at about $40,000. Millstone Evans Group LLC bought a new stake in shares of Occidental Petroleum in the fourth quarter worth about $42,000. Finally, M Holdings Securities Inc. bought a new position in shares of Occidental Petroleum during the 4th quarter valued at about $47,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.31% of the company's stock.

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Occidental Petroleum Stock Performance

Shares of NYSE:OXY traded up $0.23 during trading on Monday, reaching $37.90. 4,477,107 shares of the stock were exchanged, compared to its average volume of 10,765,224. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $69.44. The stock has a 50-day moving average price of $46.46 and a 200-day moving average price of $49.04. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm has a market cap of $35.62 billion, a PE ratio of 15.53 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 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

Several brokerages have commented on OXY. Morgan Stanley set a $58.00 target price on shares of Occidental Petroleum and gave the stock an "overweight" rating in a report on Wednesday, March 26th. UBS Group reduced their target price on shares of Occidental Petroleum from $52.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Roth Capital set a $54.00 target price on Occidental Petroleum in a research note on Thursday, January 23rd. Finally, Raymond James downgraded shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $81.00 to $64.00 in a report on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $56.71.

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.