Caprock Group LLC Acquires 7,510 Shares of Occidental Petroleum Co. (NYSE:OXY)

Caprock Group LLC boosted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 17.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,406 shares of the oil and gas producer’s stock after purchasing an additional 7,510 shares during the period. Caprock Group LLC’s holdings in Occidental Petroleum were worth $2,550,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of Occidental Petroleum by 11.5% during the 2nd 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 during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Occidental Petroleum by 87.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,754 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 1,287 shares during the last quarter. Czech National Bank raised its stake in shares of Occidental Petroleum by 8.3% in the third quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock valued at $7,069,000 after buying an additional 10,456 shares during the period. Chemistry Wealth Management LLC lifted its position in shares of Occidental Petroleum by 0.9% during the 3rd quarter. Chemistry Wealth Management LLC now owns 35,974 shares of the oil and gas producer’s stock valued at $1,854,000 after buying an additional 313 shares during the last quarter. Finally, True North Advisors LLC grew its stake in shares of Occidental Petroleum by 44.2% during the 3rd quarter. True North Advisors LLC now owns 6,272 shares of the oil and gas producer’s stock worth $323,000 after acquiring an additional 1,923 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Down 4.6 %

OXY opened at $46.65 on Friday. The business’s fifty day simple moving average is $49.43 and its 200 day simple moving average is $52.68. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a market cap of $43.78 billion, a PE ratio of 12.15 and a beta of 1.57.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. Occidental Petroleum’s dividend payout ratio is 22.92%.

Analysts Set New Price Targets

OXY has been the topic of a number of research reports. UBS Group lowered their price objective on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. Truist Financial lifted their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wolfe Research increased their target price on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price target for the company from $54.00 to $45.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.71.

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.