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

Thompson Siegel & Walmsley LLC lowered its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 67.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum in the 4th quarter valued at $27,000. Transamerica Financial Advisors Inc. purchased a new position in Occidental Petroleum in the 3rd quarter valued at $50,000. Deseret Mutual Benefit Administrators lifted its holdings in 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 valued at $58,000 after purchasing an additional 248 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Occidental Petroleum during the 4th quarter worth $59,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Occidental Petroleum during the 4th quarter worth $68,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Up 2.5 %

NYSE OXY traded up $1.13 during trading on Friday, hitting $46.58. The stock had a trading volume of 12,171,602 shares, compared to its average volume of 11,338,112. The firm has a 50 day moving average price of $48.95 and a 200 day moving average price of $50.27. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $43.71 billion, a PE ratio of 19.09 and a beta of 1.51. Occidental Petroleum Co. has a twelve month low of $44.70 and a twelve month high of $71.18.

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Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (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 analysts' expectations of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. As a group, equities research analysts forecast 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend 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 presently 39.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OXY. Mizuho reduced their price target on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Stephens reiterated an "overweight" rating and set a $71.00 price target on shares of Occidental Petroleum in a report on Wednesday, February 19th. StockNews.com lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. UBS Group lifted their price target on Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. 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 report on Thursday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum presently has an average rating of "Hold" and a consensus target price of $60.68.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the acquisition, the insider now directly owns 264,178,414 shares of the company's stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 6,854,394 shares of company stock worth $315,101,532. 0.48% of the stock is currently owned by company insiders.

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.