Schroder Investment Management Group Has $6.13 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Schroder Investment Management Group decreased its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 126,410 shares of the oil and gas producer's stock after selling 12,480 shares during the period. Schroder Investment Management Group's holdings in Occidental Petroleum were worth $6,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum during the fourth quarter valued at about $27,000. Atala Financial Inc acquired a new position in shares of Occidental Petroleum in the fourth quarter worth about $40,000. Millstone Evans Group LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at approximately $42,000. Finally, M Holdings Securities Inc. purchased a new stake in Occidental Petroleum during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The stock was acquired 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 $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.

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Occidental Petroleum Price Performance

Occidental Petroleum stock traded down $0.66 during midday trading on Tuesday, hitting $38.10. The company's stock had a trading volume of 6,691,742 shares, compared to its average volume of 10,450,051. The stock's 50-day moving average price is $47.66 and its 200-day moving average price is $49.60. The company has a market capitalization of $35.80 billion, a PE ratio of 15.61 and a beta of 1.02. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 12 month low of $37.67 and a 12 month high of $71.19.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $7.14 billion. 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.52%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

OXY has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $71.00 price target on shares of Occidental Petroleum in a research note on Wednesday, February 19th. Mizuho cut their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Truist Financial lifted their price target on Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Roth Capital set a $54.00 target price on Occidental Petroleum in a research report on Thursday, January 23rd. Finally, UBS Group reduced their price target on shares of Occidental Petroleum from $52.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.23.

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.