Ossiam Sells 7,636 Shares of Occidental Petroleum Co. (NYSE:OXY)

Ossiam trimmed its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,443 shares of the oil and gas producer's stock after selling 7,636 shares during the period. Ossiam's holdings in Occidental Petroleum were worth $615,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum during the 4th quarter worth approximately $27,000. Atala Financial Inc purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth approximately $40,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth $42,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OXY shares. Truist Financial boosted their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Scotiabank lowered shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 target price on the stock. in a research report on Friday, April 11th. UBS Group dropped their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Susquehanna reduced their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum presently has an average rating of "Hold" and an average target price of $54.19.

Occidental Petroleum Trading Up 0.0 %

NYSE:OXY traded up $0.01 during trading hours on Friday, hitting $40.38. 6,406,140 shares of the stock were exchanged, compared to its average volume of 10,890,456. The company has a market capitalization of $37.95 billion, a P/E ratio of 16.55 and a beta of 1.02. Occidental Petroleum Co. has a twelve month low of $34.79 and a twelve month high of $68.43. 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's 50 day moving average is $44.74 and its two-hundred day moving average is $48.07.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to analysts' expectations 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 fiscal year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were issued a $0.24 dividend. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 10th. This represents a $0.96 annualized dividend and a yield of 2.38%. Occidental Petroleum's payout ratio 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.