Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,639 shares of the oil and gas producer's stock after selling 19,290 shares during the period. Level Four Advisory Services LLC's holdings in Occidental Petroleum were worth $5,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum in the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter worth about $27,000. Atala Financial Inc purchased a new stake in Occidental Petroleum in the 4th quarter valued at about $40,000. Millstone Evans Group LLC acquired a new position in Occidental Petroleum in the fourth quarter valued at about $42,000. Finally, M Holdings Securities Inc. purchased a new position in Occidental Petroleum during the fourth quarter worth about $47,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company's stock.

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Wall Street Analysts Forecast Growth

OXY has been the topic of several recent analyst reports. Truist Financial upped 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. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Citigroup dropped their price objective on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. StockNews.com cut Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Finally, Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.82.

Occidental Petroleum Stock Up 1.3 %

OXY stock traded up $0.64 during midday trading on Monday, reaching $49.47. 3,974,134 shares of the company were exchanged, compared to its average volume of 10,221,612. The stock's 50-day simple moving average is $48.28 and its 200 day simple moving average is $49.87. Occidental Petroleum Co. has a 1-year low of $44.70 and a 1-year high of $71.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The company has a market cap of $46.49 billion, a price-to-earnings ratio of 20.28 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $7.14 billion. On average, equities analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's payout ratio is currently 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.