Vinva Investment Management Ltd Increases Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Vinva Investment Management Ltd lifted its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,635 shares of the oil and gas producer's stock after purchasing an additional 6,466 shares during the period. Vinva Investment Management Ltd's holdings in Occidental Petroleum were worth $855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. H&H International Investment LLC increased its stake in Occidental Petroleum by 497.7% in the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock valued at $475,389,000 after purchasing an additional 7,680,598 shares during the last quarter. Scharf Investments LLC grew its position in shares of Occidental Petroleum by 48.7% in the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock valued at $121,600,000 after buying an additional 805,525 shares during the last quarter. Anson Funds Management LP raised its stake in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer's stock worth $39,453,000 after acquiring an additional 745,050 shares in the last quarter. Geode Capital Management LLC lifted its position in Occidental Petroleum by 3.3% in the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock valued at $710,886,000 after acquiring an additional 444,850 shares during the last quarter. Finally, Cooke & Bieler LP boosted its stake in Occidental Petroleum by 14.6% in the fourth quarter. Cooke & Bieler LP now owns 2,958,596 shares of the oil and gas producer's stock valued at $146,184,000 after acquiring an additional 377,952 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

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Occidental Petroleum Price Performance

Occidental Petroleum stock traded down $0.03 during midday trading on Monday, reaching $47.91. The company's stock had a trading volume of 10,150,508 shares, compared to its average volume of 9,990,256. The firm has a market capitalization of $44.97 billion, a PE ratio of 19.64 and a beta of 1.51. Occidental Petroleum Co. has a fifty-two week low of $44.70 and a fifty-two week high of $71.19. The stock's 50 day simple moving average is $48.61 and its 200 day simple moving average is $49.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating 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 firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $7.14 billion. On average, equities research analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm 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 dividend of $0.24 per share. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OXY shares. StockNews.com downgraded Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Mizuho reduced their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Finally, Citigroup decreased 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 note on Monday, March 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.45.

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.