Lincoln Capital LLC purchased a new position in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,634 shares of the oil and gas producer's stock, valued at approximately $1,514,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC increased its holdings in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer's stock valued at $25,000 after acquiring an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum in the third quarter worth about $32,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Occidental Petroleum in the third quarter worth about $50,000. Exchange Traded Concepts LLC bought a new position in Occidental Petroleum during the third quarter valued at approximately $87,000. Finally, Kennebec Savings Bank purchased a new position in Occidental Petroleum during the 3rd quarter valued at approximately $93,000. 88.70% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the acquisition, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.
Analysts Set New Price Targets
OXY has been the topic of several recent research reports. Mizuho lowered their target price on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $56.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 8th. TD Cowen dropped their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Truist Financial upped 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. Finally, Jefferies Financial Group lifted their price target on Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.19.
Read Our Latest Analysis on OXY
Occidental Petroleum Trading Down 0.6 %
NYSE:OXY traded down $0.32 during midday trading on Monday, hitting $51.98. The stock had a trading volume of 7,831,562 shares, compared to its average volume of 11,086,349. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $49.70 and a 200 day moving average of $53.40. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 13.54 and a beta of 1.57. Occidental Petroleum Co. has a one year low of $45.17 and a one year high of $71.18.
Occidental Petroleum Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. Occidental Petroleum's payout ratio is currently 22.92%.
Occidental Petroleum Company Profile
(
Free Report)
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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