Occidental Petroleum Co. (NYSE:OXY) Holdings Reduced by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lessened its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,750 shares of the oil and gas producer's stock after selling 6,375 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Occidental Petroleum were worth $136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum in the 4th quarter worth about $27,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Occidental Petroleum during the 3rd quarter worth about $32,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Occidental Petroleum in the third quarter worth approximately $50,000. Deseret Mutual Benefit Administrators increased its position in Occidental Petroleum by 27.1% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after purchasing an additional 248 shares during the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in Occidental Petroleum during the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 6,854,394 shares of company stock worth $315,101,532 over the last 90 days. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OXY shares. Raymond James boosted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. restated a "neutral" rating and set a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. Truist Financial lifted their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group downgraded shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Finally, Citigroup reduced their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.55.

Occidental Petroleum Stock Down 2.0 %

OXY stock traded down $0.92 during midday trading on Wednesday, hitting $45.61. 13,516,425 shares of the company's stock were exchanged, compared to its average volume of 11,235,933. Occidental Petroleum Co. has a 12-month low of $44.70 and a 12-month high of $71.18. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 18.70 and a beta of 1.55. The firm has a 50 day moving average price of $49.40 and a 200-day moving average price of $50.86.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. On average, analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company 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. 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. This represents a $0.96 annualized dividend and a yield of 2.10%. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

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.