Signaturefd LLC Acquires 6,678 Shares of Occidental Petroleum Co. (NYSE:OXY)

Signaturefd LLC lifted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 84.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,616 shares of the oil and gas producer's stock after acquiring an additional 6,678 shares during the quarter. Signaturefd LLC's holdings in Occidental Petroleum were worth $722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OXY. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum during the 4th quarter worth approximately $27,000. Atala Financial Inc acquired a new stake in Occidental Petroleum during the 4th quarter worth approximately $40,000. Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $50,000. Deseret Mutual Benefit Administrators lifted its holdings in 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 purchasing an additional 248 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in Occidental Petroleum in the 4th quarter valued at $59,000. 88.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of Occidental Petroleum stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the transaction, the insider now owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $54.00 to $45.00 in a report on Friday, January 31st. Raymond James cut Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $81.00 to $64.00 in a report on Monday, March 10th. Mizuho dropped their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Truist Financial lifted their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, UBS Group lifted their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Three investment 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's stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of "Hold" and a consensus target price of $60.45.

Occidental Petroleum Price Performance

OXY stock traded up $0.15 during midday trading on Friday, reaching $48.11. 23,294,817 shares of the stock were exchanged, compared to its average volume of 9,989,599. The stock has a market capitalization of $45.15 billion, a PE ratio of 19.72 and a beta of 1.51. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company has a fifty day moving average price of $48.61 and a 200 day moving average price of $50.01.

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

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's payout ratio is 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.