HB Wealth Management LLC Buys 5,290 Shares of Occidental Petroleum Co. (NYSE:OXY)

HB Wealth Management LLC increased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,660 shares of the oil and gas producer's stock after acquiring an additional 5,290 shares during the period. HB Wealth Management LLC's holdings in Occidental Petroleum were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gateway Advisory LLC increased its holdings in shares of Occidental Petroleum by 3.9% in the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock worth $306,000 after buying an additional 184 shares during the last quarter. Segment Wealth Management LLC lifted its position in Occidental Petroleum by 5.2% in the 3rd quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer's stock worth $205,000 after buying an additional 196 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its stake in Occidental Petroleum by 2.2% in the third quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer's stock worth $474,000 after buying an additional 200 shares in the last quarter. Leavell Investment Management Inc. grew its position in Occidental Petroleum by 3.3% during the third quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer's stock valued at $323,000 after acquiring an additional 200 shares during the last quarter. Finally, Empire Financial Management Company LLC raised its stake in shares of Occidental Petroleum by 4.1% during the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock worth $329,000 after acquiring an additional 250 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $46.25 per share, for a total transaction of $114,577,992.50. Following the acquisition, the insider now directly owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. The trade was a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by company insiders.

Occidental Petroleum Stock Down 2.7 %

NYSE:OXY traded down $1.40 during trading hours on Tuesday, reaching $50.57. 13,385,401 shares of the company traded hands, compared to its average volume of 10,102,200. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The business's 50-day moving average price is $49.72 and its two-hundred day moving average price is $53.32. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. The stock has a market capitalization of $47.46 billion, a P/E ratio of 13.17 and a beta of 1.57.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum's dividend payout ratio is presently 22.92%.

Analyst Ratings Changes

Several equities analysts recently commented on OXY shares. Barclays reduced their target price on shares of Occidental Petroleum from $67.00 to $58.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Raymond James lifted their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 21st. Susquehanna dropped their target price on Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating for the company in a report on Thursday, November 14th. Scotiabank decreased their price target on Occidental Petroleum from $80.00 to $65.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price objective on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.19.

About Occidental Petroleum

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.