Occidental Petroleum Co. (NYSE:OXY) Holdings Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 94.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,259 shares of the oil and gas producer’s stock after purchasing an additional 12,251 shares during the period. Atria Wealth Solutions Inc.’s holdings in Occidental Petroleum were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in OXY. Louisiana State Employees Retirement System lifted its position in shares of Occidental Petroleum by 0.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 37,900 shares of the oil and gas producer’s stock worth $1,953,000 after buying an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Occidental Petroleum by 8.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,729 shares of the oil and gas producer’s stock valued at $2,027,000 after purchasing an additional 3,138 shares during the period. PFG Investments LLC grew its stake in Occidental Petroleum by 13.7% during the 3rd quarter. PFG Investments LLC now owns 20,163 shares of the oil and gas producer’s stock worth $1,039,000 after buying an additional 2,436 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in Occidental Petroleum by 138.4% in the third quarter. Clear Harbor Asset Management LLC now owns 41,030 shares of the oil and gas producer’s stock worth $2,115,000 after buying an additional 23,816 shares during the period. Finally, Carret Asset Management LLC lifted its stake in Occidental Petroleum by 52.0% in the third quarter. Carret Asset Management LLC now owns 8,581 shares of the oil and gas producer’s stock valued at $442,000 after buying an additional 2,935 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of a number of analyst reports. The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Raymond James lifted their price target on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. UBS Group boosted their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday. Wolfe Research upped their price objective on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup dropped their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.55.

Occidental Petroleum Trading Down 3.2 %

NYSE OXY opened at $50.42 on Monday. The firm’s 50 day moving average price is $49.20 and its two-hundred day moving average price is $51.34. The stock has a market cap of $47.31 billion, a price-to-earnings ratio of 20.66 and a beta of 1.55. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18. 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) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Equities analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio is 39.34%.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is owned by company insiders.

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.