Occidental Petroleum Co. (NYSE:OXY) Shares Sold by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd reduced its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,618 shares of the oil and gas producer's stock after selling 9,300 shares during the quarter. Occidental Petroleum makes up about 3.7% of PARUS FINANCE UK Ltd's investment portfolio, making the stock its 9th largest holding. PARUS FINANCE UK Ltd's holdings in Occidental Petroleum were worth $11,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. Cornercap Investment Counsel Inc. boosted its position in shares of Occidental Petroleum by 121.6% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 31,886 shares of the oil and gas producer's stock worth $1,575,000 after acquiring an additional 17,496 shares during the last quarter. Transamerica Financial Advisors Inc. raised its holdings in shares of Occidental Petroleum by 120.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,121 shares of the oil and gas producer's stock worth $105,000 after acquiring an additional 1,159 shares in the last quarter. Allstate Corp purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at $942,000. DnB Asset Management AS increased its position in Occidental Petroleum by 4.5% in the fourth quarter. DnB Asset Management AS now owns 127,433 shares of the oil and gas producer's stock worth $6,296,000 after purchasing an additional 5,500 shares during the last quarter. Finally, New Age Alpha Advisors LLC grew its stake in shares of Occidental Petroleum by 767.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 1,223 shares of the oil and gas producer's stock worth $60,000 after buying an additional 1,082 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Occidental Petroleum

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

Occidental Petroleum Stock Up 1.2 %

Shares of NYSE:OXY traded up $0.58 during trading hours on Monday, hitting $49.41. The company's stock had a trading volume of 8,340,141 shares, compared to its average volume of 11,235,273. The firm's fifty day moving average price is $48.28 and its 200 day moving average price is $49.87. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.18. The company has a market capitalization of $46.43 billion, a price-to-earnings ratio of 20.25 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

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 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be paid a dividend of $0.24 per share. This is a boost 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 1.94%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio is 39.34%.

Wall Street Analyst Weigh In

OXY has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $71.00 price target on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Occidental Petroleum in a research report on Friday, February 21st. Piper Sandler lowered their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, Truist Financial lifted 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.82.

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.