Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Raised by Cheviot Value Management LLC

Cheviot Value Management LLC boosted its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,003 shares of the oil and gas producer's stock after purchasing an additional 15,688 shares during the quarter. Occidental Petroleum makes up 0.8% of Cheviot Value Management LLC's investment portfolio, making the stock its 27th biggest holding. Cheviot Value Management LLC's holdings in Occidental Petroleum were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC lifted its stake in Occidental Petroleum by 1,181.3% in the third quarter. Virtu Financial LLC now owns 65,437 shares of the oil and gas producer's stock worth $3,373,000 after acquiring an additional 60,330 shares during the last quarter. Rule One Partners LLC acquired a new position in shares of Occidental Petroleum during the third quarter worth $14,199,000. PVG Asset Management Corp acquired a new stake in Occidental Petroleum in the third quarter valued at $411,000. Blankinship & Foster LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $314,000. Finally, Tidal Investments LLC increased its holdings in shares of Occidental Petroleum by 67.9% in the 3rd quarter. Tidal Investments LLC now owns 80,025 shares of the oil and gas producer's stock valued at $4,124,000 after acquiring an additional 32,356 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.31% of the company's stock.

Occidental Petroleum Price Performance

Shares of OXY traded down $0.19 on Tuesday, reaching $40.32. The stock had a trading volume of 3,206,031 shares, compared to its average volume of 12,388,325. Occidental Petroleum Co. has a twelve month low of $34.78 and a twelve month high of $68.17. The firm has a market capitalization of $37.89 billion, a PE ratio of 16.53 and a beta of 1.02. The firm has a 50-day moving average of $44.53 and a 200 day moving average of $47.93. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $7.14 billion. Sell-side analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were paid a dividend of $0.24 per share. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Stephens cut their target price on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Roth Capital set a $54.00 price target on Occidental Petroleum in a research note on Thursday, January 23rd. Citigroup reduced their price objective on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Piper Sandler cut their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $54.19.

Occidental Petroleum 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.