Sarasin & Partners LLP Acquires 50,983 Shares of Occidental Petroleum Co. (NYSE:OXY)

Sarasin & Partners LLP increased its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 990,521 shares of the oil and gas producer's stock after purchasing an additional 50,983 shares during the period. Sarasin & Partners LLP owned approximately 0.11% of Occidental Petroleum worth $48,942,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gateway Advisory LLC raised its holdings in shares of Occidental Petroleum by 3.9% during 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 in the last quarter. Segment Wealth Management LLC increased its holdings 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 purchasing an additional 196 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its position 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 valued at $474,000 after purchasing an additional 200 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 200 shares in the last quarter. Finally, Empire Financial Management Company LLC grew its holdings 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 purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Stock Down 0.6 %

OXY stock traded down $0.32 during trading on Monday, reaching $51.98. The stock had a trading volume of 7,831,562 shares, compared to its average volume of 11,086,349. Occidental Petroleum Co. has a one year low of $45.17 and a one year high of $71.18. The company's 50 day moving average is $49.70 and its two-hundred day moving average is $53.40. 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 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were issued 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 1.69%. Occidental Petroleum's dividend payout ratio (DPR) is currently 22.92%.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares of the company's stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OXY. TD Cowen reduced their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Mizuho decreased their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Evercore ISI reduced their price target on Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating on the stock in a research report on Monday, September 30th. StockNews.com upgraded Occidental Petroleum from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. Finally, UBS Group reduced their target price on Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum has an average rating of "Hold" and an average target price 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.