Murphy Pohlad Asset Management LLC Grows Stake in Occidental Petroleum Co. (NYSE:OXY)

Murphy Pohlad Asset Management LLC lifted its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 88.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,700 shares of the oil and gas producer's stock after purchasing an additional 10,200 shares during the period. Murphy Pohlad Asset Management LLC's holdings in Occidental Petroleum were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Certified Advisory Corp purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth about $476,000. Rule One Partners LLC acquired a new stake in Occidental Petroleum in the 3rd quarter worth about $14,199,000. Stephens Inc. AR increased its stake in Occidental Petroleum by 221.0% during the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer's stock worth $777,000 after buying an additional 10,382 shares in the last quarter. Sarasin & Partners LLP raised its holdings in shares of Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer's stock valued at $48,942,000 after acquiring an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Occidental Petroleum in the third quarter valued at approximately $2,509,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Trading Up 0.1 %

NYSE OXY traded up $0.04 on Thursday, reaching $48.87. The stock had a trading volume of 6,028,296 shares, compared to its average volume of 9,452,550. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18. The stock has a fifty day moving average price of $49.59 and a two-hundred day moving average price of $52.81. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 12.73 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.80%. Occidental Petroleum's dividend payout ratio (DPR) is presently 22.92%.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the business's stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

OXY has been the subject of a number of research reports. Truist Financial upped their target price 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. Stephens upped their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. UBS Group decreased their target price on shares of Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Piper Sandler dropped their price target on Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Finally, Susquehanna reduced their price objective on Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus price target 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.