Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,649 shares of the oil and gas producer's stock after purchasing an additional 7,567 shares during the quarter. MGO One Seven LLC's holdings in Occidental Petroleum were worth $1,070,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Occidental Petroleum during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $27,000. Atala Financial Inc purchased a new stake in Occidental Petroleum in the fourth quarter valued at approximately $40,000. Finally, Millstone Evans Group LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OXY shares. Barclays reduced their target price on shares of Occidental Petroleum from $58.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Stephens decreased their target price on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. StockNews.com cut Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. Citigroup decreased 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, Susquehanna cut their target price on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of "Hold" and a consensus price target of $54.19.

Occidental Petroleum Stock Performance

NYSE OXY traded down $0.22 on Tuesday, reaching $40.29. The stock had a trading volume of 4,438,931 shares, compared to its average volume of 10,844,220. The stock has a market cap of $37.86 billion, a P/E ratio of 16.51 and a beta of 1.02. Occidental Petroleum Co. has a 12-month low of $34.79 and a 12-month high of $68.43. The business's 50-day moving average price is $44.53 and its 200 day moving average price is $47.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.34%.

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.