APG Asset Management N.V. Sells 22,451 Shares of Occidental Petroleum Co. (NYSE:OXY)

APG Asset Management N.V. cut its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,979 shares of the oil and gas producer's stock after selling 22,451 shares during the quarter. APG Asset Management N.V.'s holdings in Occidental Petroleum were worth $6,679,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in Occidental Petroleum by 8.3% during the 3rd quarter. Wellington Management Group LLP now owns 103,072 shares of the oil and gas producer's stock worth $5,312,000 after acquiring an additional 7,882 shares during the period. XTX Topco Ltd increased its stake in Occidental Petroleum by 42.8% in the third quarter. XTX Topco Ltd now owns 5,797 shares of the oil and gas producer's stock valued at $299,000 after purchasing an additional 1,738 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Occidental Petroleum by 35.6% during the third quarter. M&T Bank Corp now owns 50,428 shares of the oil and gas producer's stock valued at $2,599,000 after purchasing an additional 13,245 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Occidental Petroleum by 30.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,576 shares of the oil and gas producer's stock worth $596,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Virtu Financial LLC increased its position in Occidental Petroleum by 1,181.3% in the 3rd quarter. Virtu Financial LLC now owns 65,437 shares of the oil and gas producer's stock valued at $3,373,000 after buying an additional 60,330 shares in the last quarter. Institutional investors own 88.70% of the company's stock.

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Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The shares were 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 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OXY shares. Stephens reaffirmed an "overweight" rating and set a $71.00 target price on shares of Occidental Petroleum in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Mizuho cut their price target 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. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Occidental Petroleum in a report on Friday, February 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of "Hold" and an average price target of $56.71.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock traded up $0.23 during trading on Monday, hitting $37.90. The stock had a trading volume of 12,646,414 shares, compared to its average volume of 10,795,775. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 15.53 and a beta of 1.02. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $69.44. The business's 50-day moving average is $46.46 and its 200 day moving average is $49.04. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

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

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given 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 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.34%.

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.