CX Institutional Increases Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

CX Institutional increased its holdings in Occidental Petroleum Co. (NYSE:OXY) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,335 shares of the oil and gas producer’s stock after acquiring an additional 866 shares during the quarter. CX Institutional’s holdings in Occidental Petroleum were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OXY. XTX Topco Ltd bought a new position in Occidental Petroleum in the second quarter worth $256,000. Thrivent Financial for Lutherans raised its holdings in Occidental Petroleum by 2.6% in the second quarter. Thrivent Financial for Lutherans now owns 57,093 shares of the oil and gas producer’s stock worth $3,599,000 after purchasing an additional 1,425 shares in the last quarter. AXA S.A. raised its holdings in Occidental Petroleum by 1.1% in the second quarter. AXA S.A. now owns 31,721 shares of the oil and gas producer’s stock worth $1,999,000 after purchasing an additional 349 shares in the last quarter. AQR Capital Management LLC raised its holdings in Occidental Petroleum by 11.5% in the second quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock worth $5,077,000 after purchasing an additional 8,327 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Occidental Petroleum by 111.1% in the second quarter. APG Asset Management N.V. now owns 151,499 shares of the oil and gas producer’s stock worth $8,910,000 after purchasing an additional 79,727 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the purchase, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Trading Down 2.1 %

Occidental Petroleum stock opened at $49.26 on Monday. The business has a 50-day simple moving average of $49.69 and a two-hundred day simple moving average of $53.07. The company has a market cap of $46.22 billion, a P/E ratio of 12.83 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.79%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OXY shares. Wells Fargo & Company reduced their price target on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Mizuho reduced their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Stephens lifted their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Bank of America started coverage on Occidental Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Piper Sandler reduced 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $62.19.

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.