Thompson Siegel & Walmsley LLC Sells 146,517 Shares of Occidental Petroleum Co. (NYSE:OXY)

Thompson Siegel & Walmsley LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 67.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,429 shares of the oil and gas producer's stock after selling 146,517 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Occidental Petroleum were worth $3,430,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $27,000. Transamerica Financial Advisors Inc. bought a new position in shares of Occidental Petroleum during the 3rd quarter valued at $50,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Occidental Petroleum by 27.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after buying an additional 248 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the fourth quarter worth $59,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Occidental Petroleum during the fourth quarter valued at $68,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 6,854,394 shares of company stock worth $315,101,532. 0.48% of the stock is currently owned by insiders.

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Occidental Petroleum Price Performance

Shares of NYSE:OXY traded up $1.13 during midday trading on Friday, reaching $46.58. 12,171,602 shares of the company 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 stock has a market cap of $43.71 billion, a PE ratio of 19.09 and a beta of 1.51. The business's fifty day moving average is $48.95 and its two-hundred day moving average is $50.36. Occidental Petroleum Co. has a one year low of $44.70 and a one year high of $71.18.

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

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. Occidental Petroleum's dividend payout ratio is 39.34%.

Wall Street Analysts Forecast Growth

OXY has been the topic of several research reports. Stephens reissued an "overweight" rating and issued a $71.00 target price on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Piper Sandler cut 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. Citigroup decreased their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Mizuho cut their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Finally, UBS Group raised their target price on Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of "Hold" and an average price target 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.