Segall Bryant & Hamill LLC Sells 138,569 Shares of Occidental Petroleum Co. (NYSE:OXY)

Segall Bryant & Hamill LLC lessened its stake in Occidental Petroleum Co. (NYSE:OXY) by 92.2% in the fourth quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OXY. Whipplewood Advisors LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new position in Occidental Petroleum during the fourth quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at $40,000. Millstone Evans Group LLC bought a new position in shares of Occidental Petroleum in the 4th quarter valued at $42,000. Finally, M Holdings Securities Inc. acquired a new position in shares of Occidental Petroleum during the 4th quarter worth $47,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $48.84 on Friday. The company has a market cap of $45.90 billion, a PE ratio of 20.02 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.19. The business has a 50 day moving average price of $48.28 and a 200-day moving average price of $49.89.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating 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 business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Equities analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share 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. Investors of record on Monday, March 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.97%. Occidental Petroleum’s payout ratio is 39.34%.

Analyst Ratings Changes

A number of research firms have issued reports on OXY. Stephens reiterated an “overweight” rating and issued a $71.00 target price on shares of Occidental Petroleum in a research report on Wednesday, February 19th. StockNews.com downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the company an “overweight” rating in a research report on Wednesday. UBS Group lifted their target price on Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Roth Capital set a $54.00 price target on shares of Occidental Petroleum in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus target price of $59.82.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business’s 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 completion of the transaction, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

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.