Tejara Capital Ltd Buys 16,527 Shares of Occidental Petroleum Co. (NYSE:OXY)

Tejara Capital Ltd increased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 163,991 shares of the oil and gas producer's stock after purchasing an additional 16,527 shares during the quarter. Occidental Petroleum accounts for 5.2% of Tejara Capital Ltd's investment portfolio, making the stock its 6th biggest holding. Tejara Capital Ltd's holdings in Occidental Petroleum were worth $8,103,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Inc. increased its stake in shares of Occidental Petroleum by 5.4% during the 4th 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 in the last quarter. 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 buying an additional 248 shares in the last quarter. Empire Financial Management Company LLC raised its holdings in shares of Occidental Petroleum by 4.1% in the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock worth $329,000 after acquiring an additional 250 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Occidental Petroleum by 3.2% in the fourth 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, Oregon Public Employees Retirement Fund increased its position in Occidental Petroleum by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock worth $2,863,000 after purchasing an additional 290 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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Occidental Petroleum Stock Up 0.3 %

Shares of OXY traded up $0.15 during midday trading on Friday, reaching $48.11. 23,294,817 shares of the company were exchanged, compared to its average volume of 9,959,363. Occidental Petroleum Co. has a 1-year low of $44.70 and a 1-year high of $71.19. The stock has a 50-day moving average price of $48.68 and a 200-day moving average price of $50.11. 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 company has a market cap of $45.15 billion, a price-to-earnings ratio of 19.72 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared 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. 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 yield of 2.00%. Occidental Petroleum's payout ratio is 39.34%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OXY. The Goldman Sachs Group lowered shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and reduced their target price for the company from $54.00 to $45.00 in a report on Friday, January 31st. Raymond James lowered shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Citigroup cut their price target on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday. Mizuho decreased their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, UBS Group upped their target price on Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.45.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company's stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, for a total transaction 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. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by company insiders.

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.