UniSuper Management Pty Ltd Purchases 14,415 Shares of Occidental Petroleum Co. (NYSE:OXY)

UniSuper Management Pty Ltd boosted its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,049 shares of the oil and gas producer's stock after purchasing an additional 14,415 shares during the quarter. UniSuper Management Pty Ltd's holdings in Occidental Petroleum were worth $3,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new position in Occidental Petroleum in the fourth quarter valued at about $27,000. Atala Financial Inc acquired a new position in Occidental Petroleum during the fourth quarter worth about $40,000. Millstone Evans Group LLC bought a new position in shares of Occidental Petroleum in the fourth quarter worth about $42,000. Finally, M Holdings Securities Inc. acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $47,000. Institutional investors own 88.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on OXY. StockNews.com downgraded shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. Piper Sandler cut their price objective on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Morgan Stanley set a $58.00 target price on Occidental Petroleum and gave the stock an "overweight" rating in a report on Wednesday, March 26th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Finally, Mizuho lowered their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.82.

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Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company's stock.

Occidental Petroleum Trading Up 1.2 %

Shares of NYSE:OXY traded up $0.58 during mid-day trading on Monday, hitting $49.41. The company had a trading volume of 8,501,189 shares, compared to its average volume of 10,239,024. The company has a market capitalization of $46.43 billion, a PE ratio of 20.25 and a beta of 1.51. Occidental Petroleum Co. has a one year low of $44.70 and a one year high of $71.19. The firm has a fifty day moving average price of $48.28 and a 200 day moving average price of $49.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

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

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Monday, March 10th. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio (DPR) is 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.