Occidental Petroleum Co. (NYSE:OXY) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 63.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,825 shares of the oil and gas producer's stock after selling 46,817 shares during the period. WINTON GROUP Ltd's holdings in Occidental Petroleum were worth $1,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OXY. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in Occidental Petroleum during the fourth quarter worth approximately $27,000. Atala Financial Inc acquired a new stake in shares of Occidental Petroleum in the fourth quarter worth $40,000. Millstone Evans Group LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter valued at $42,000. Finally, M Holdings Securities Inc. acquired a new position in shares of Occidental Petroleum during the 4th quarter valued at $47,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OXY has been the topic of several research reports. 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 research report on Thursday, March 6th. Raymond James downgraded Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $81.00 to $64.00 in a report on Monday, March 10th. Morgan Stanley set a $58.00 price target on Occidental Petroleum and gave the stock an "overweight" rating in a report on Wednesday, March 26th. Truist Financial lifted their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Citigroup decreased their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $59.82.

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Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded up $0.58 during trading on Monday, reaching $49.41. The stock had a trading volume of 8,501,189 shares, compared to its average volume of 10,238,706. The firm's 50 day moving average price is $48.22 and its two-hundred day moving average price is $49.86. Occidental Petroleum Co. has a one year low of $44.70 and a one year high of $71.19. The stock has a market cap of $46.43 billion, a PE ratio of 20.25 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its 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. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. On average, research analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

About Occidental Petroleum

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.