Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 66.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,704 shares of the oil and gas producer’s stock after selling 11,161 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Occidental Petroleum were worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OXY. Certified Advisory Corp acquired a new stake in shares of Occidental Petroleum during the 4th quarter worth approximately $476,000. Rule One Partners LLC acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $14,199,000. Stephens Inc. AR raised its position in shares of Occidental Petroleum by 221.0% during the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after purchasing an additional 10,382 shares during the period. Sarasin & Partners LLP raised its position in shares of Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after purchasing an additional 50,983 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $2,509,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OXY. Mizuho dropped their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Occidental Petroleum in a research report on Friday. Piper Sandler decreased their price objective on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Wolfe Research increased their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, TD Cowen decreased their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.55.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 6,854,394 shares of company stock valued at $315,101,532 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $50.42 on Monday. The firm has a market cap of $47.31 billion, a P/E ratio of 20.66 and a beta of 1.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a fifty day moving average price of $49.20 and a two-hundred day moving average price of $51.34. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. The business had revenue of $6.84 billion during 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%. Research analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed 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. 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. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 39.34%.

Occidental Petroleum Company Profile

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.