Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 67.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,429 shares of the oil and gas producer's stock after selling 146,517 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Occidental Petroleum were worth $3,430,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OXY. H&H International Investment LLC grew its stake in shares of Occidental Petroleum by 497.7% in the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock worth $475,389,000 after purchasing an additional 7,680,598 shares during the last quarter. Scharf Investments LLC grew its position in shares of Occidental Petroleum by 48.7% in the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock worth $121,600,000 after buying an additional 805,525 shares during the last quarter. Anson Funds Management LP raised its holdings in shares of Occidental Petroleum by 3,645.8% during the third quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer's stock valued at $39,453,000 after acquiring an additional 745,050 shares in the last quarter. Geode Capital Management LLC lifted its stake in Occidental Petroleum by 3.3% in the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock worth $710,886,000 after acquiring an additional 444,850 shares during the period. Finally, Cooke & Bieler LP boosted its holdings in Occidental Petroleum by 14.6% in the fourth quarter. Cooke & Bieler LP now owns 2,958,596 shares of the oil and gas producer's stock valued at $146,184,000 after acquiring an additional 377,952 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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Occidental Petroleum Stock Up 2.5 %

Shares of OXY traded up $1.13 during midday trading on Friday, reaching $46.58. 12,171,602 shares of the stock were exchanged, compared to its average volume of 11,338,112. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company's 50 day moving average is $48.95 and its two-hundred day moving average is $50.32. The company has a market capitalization of $43.71 billion, a P/E ratio of 19.09 and a beta of 1.51. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.18.

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 EPS for the quarter, beating the consensus estimate of $0.67 by $0.13. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. On average, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 10th. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.06%. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

Insider Transactions at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business's stock in a transaction dated Friday, February 7th. The shares were purchased at an average price 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 approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders purchased 6,854,394 shares of company stock valued at $315,101,532. Corporate insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. UBS Group raised their price objective on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Roth Capital set a $54.00 target price on Occidental Petroleum in a report on Thursday, January 23rd. Piper Sandler lowered their target price on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price target on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.68.

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.