Private Wealth Partners LLC Purchases 19,585 Shares of Occidental Petroleum Co. (NYSE:OXY)

Private Wealth Partners LLC boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,100 shares of the oil and gas producer's stock after purchasing an additional 19,585 shares during the period. Private Wealth Partners LLC's holdings in Occidental Petroleum were worth $3,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in Occidental Petroleum by 160.0% during the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 304 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in Occidental Petroleum in the 3rd quarter worth $32,000. Transamerica Financial Advisors Inc. bought a new position in Occidental Petroleum in the 3rd quarter worth $50,000. New Wave Wealth Advisors LLC bought a new position in shares of Occidental Petroleum during the 4th quarter worth about $59,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Occidental Petroleum during the 4th quarter worth about $68,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased 6,854,394 shares of company stock valued at $315,101,532 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Susquehanna lowered their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a research note on Thursday, November 14th. TD Cowen lowered their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Jefferies Financial Group upped their target price on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Finally, Stephens restated an "overweight" rating and issued a $71.00 price target on shares of Occidental Petroleum in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Occidental Petroleum has a consensus rating of "Hold" and an average target price of $61.90.

Occidental Petroleum Trading Down 3.1 %

NYSE:OXY traded down $1.59 during trading hours on Friday, hitting $50.50. The stock had a trading volume of 10,847,858 shares, compared to its average volume of 10,657,414. Occidental Petroleum Co. has a one year low of $45.17 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The company has a market cap of $47.39 billion, a price-to-earnings ratio of 20.72 and a beta of 1.55. The business's 50 day moving average is $49.14 and its 200-day moving average is $51.45.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS 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 the consensus estimate of $7.14 billion. Sell-side analysts anticipate that Occidental Petroleum Co. will post 3.56 EPS for the current fiscal 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 given a dividend of $0.24 per share. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. Occidental Petroleum's dividend payout ratio is currently 36.07%.

Occidental Petroleum 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.