Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. raised its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,540 shares of the oil and gas producer's stock after buying an additional 6,650 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Occidental Petroleum were worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OXY. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum during the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter worth approximately $27,000. Atala Financial Inc purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at approximately $40,000. Millstone Evans Group LLC acquired a new position in Occidental Petroleum in the fourth quarter valued at approximately $42,000. Finally, M Holdings Securities Inc. purchased a new position in Occidental Petroleum in the fourth quarter worth approximately $47,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Down 0.3 %

Shares of OXY traded down $0.13 during midday trading on Tuesday, reaching $37.77. The stock had a trading volume of 9,330,283 shares, compared to its average volume of 10,796,206. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company's fifty day simple moving average is $46.08 and its two-hundred day simple moving average is $48.87. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 15.48 and a beta of 1.02. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $68.43.

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Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $7.14 billion. Equities research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be issued a $0.24 dividend. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.54%. Occidental Petroleum's dividend payout ratio is presently 39.34%.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OXY. StockNews.com lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Stephens dropped their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup decreased their price objective on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Morgan Stanley set a $58.00 price objective on shares of Occidental Petroleum and gave the stock an "overweight" rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and a consensus price target of $56.10.

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.