Susquehanna Fundamental Investments LLC Has $23.91 Million Holdings in Occidental Petroleum Co. (NYSE:OXY)

Susquehanna Fundamental Investments LLC lessened its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,267 shares of the oil and gas producer's stock after selling 38,464 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Occidental Petroleum were worth $23,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc raised its holdings in shares of Occidental Petroleum by 8.7% during the fourth quarter. Berkshire Hathaway Inc now owns 243,715,804 shares of the oil and gas producer's stock worth $14,552,271,000 after acquiring an additional 19,586,612 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Occidental Petroleum by 16.8% during the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer's stock worth $233,687,000 after acquiring an additional 532,318 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Occidental Petroleum by 20.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,661,231 shares of the oil and gas producer's stock worth $104,707,000 after acquiring an additional 277,462 shares in the last quarter. Himalaya Capital Management LLC purchased a new stake in shares of Occidental Petroleum during the second quarter worth $92,433,000. Finally, Cooke & Bieler LP raised its holdings in Occidental Petroleum by 53.1% during the second quarter. Cooke & Bieler LP now owns 1,450,064 shares of the oil and gas producer's stock valued at $91,398,000 after buying an additional 503,173 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Transactions at Occidental Petroleum

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.00. Following the transaction, the insider now directly owns 165,681,578 shares of the company's stock, valued at approximately $5,923,116,413.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

OXY has been the topic of several recent research reports. Wells Fargo & Company cut their target price on Occidental Petroleum from $65.00 to $56.00 and set an "equal weight" rating on the stock in a report on Friday. Stephens restated an "overweight" rating and set a $76.00 target price on shares of Occidental Petroleum in a report on Thursday, August 8th. Wolfe Research initiated coverage on Occidental Petroleum in a report on Thursday, July 18th. They set an "outperform" rating and a $81.00 target price on the stock. Susquehanna cut their target price on Occidental Petroleum from $81.00 to $78.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Finally, Scotiabank dropped their price objective on Occidental Petroleum from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a research note on Friday, July 12th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $70.21.

Occidental Petroleum Price Performance

NYSE OXY traded up $1.12 during trading on Friday, reaching $51.03. 15,713,890 shares of the company traded hands, compared to its average volume of 8,765,933. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. The stock's 50 day moving average price is $55.76 and its two-hundred day moving average price is $60.92. The company has a market cap of $45.25 billion, a price-to-earnings ratio of 13.94 and a beta of 1.58. Occidental Petroleum Co. has a 1-year low of $49.75 and a 1-year high of $71.18.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.26. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, analysts anticipate that Occidental Petroleum Co. will post 3.57 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, September 10th. Occidental Petroleum's payout ratio is 24.04%.

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.