Segall Bryant & Hamill LLC Lowers Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Segall Bryant & Hamill LLC reduced its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,669 shares of the oil and gas producer's stock after selling 138,569 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Occidental Petroleum were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Howard Capital Management Inc. grew its stake in Occidental Petroleum by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after purchasing an additional 216 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after buying an additional 248 shares in the last quarter. Empire Financial Management Company LLC grew its position in shares of Occidental Petroleum by 4.1% during the 3rd quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock worth $329,000 after buying an additional 250 shares during the period. Park Avenue Securities LLC increased its stake in shares of Occidental Petroleum by 3.2% in the 4th quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock valued at $398,000 after acquiring an additional 250 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Occidental Petroleum by 2.3% during the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock valued at $554,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

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Analyst Upgrades and Downgrades

OXY has been the subject of a number of research reports. UBS Group raised their price target on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Roth Capital set a $54.00 price objective on Occidental Petroleum in a research note on Thursday, January 23rd. StockNews.com lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their price target on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $59.82.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY traded down $0.14 during midday trading on Tuesday, reaching $49.22. The company had a trading volume of 5,907,399 shares, compared to its average volume of 10,230,232. Occidental Petroleum Co. has a 52-week low of $44.70 and a 52-week high of $71.19. The company's 50 day moving average price is $48.20 and its 200 day moving average price is $49.85. 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 cap of $46.25 billion, a P/E ratio of 20.17 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. As a group, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid 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 of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.95%. Occidental Petroleum's dividend payout ratio is presently 39.34%.

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.