Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 229,321 shares of the oil and gas producer’s stock after acquiring an additional 873 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Occidental Petroleum were worth $11,331,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its holdings in Occidental Petroleum by 160.0% during the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum in the third quarter worth $32,000. Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum in the third quarter valued at $50,000. Exchange Traded Concepts LLC bought a new position in Occidental Petroleum during the 3rd quarter valued at $87,000. Finally, Kennebec Savings Bank bought a new stake in shares of Occidental Petroleum in the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OXY has been the topic of several research analyst reports. Stephens increased their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group decreased their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group began coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price target on the stock. Scotiabank lowered their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Stock Down 0.8 %

Occidental Petroleum stock opened at $52.28 on Friday. The company’s 50-day moving average price is $49.65 and its two-hundred day moving average price is $53.61. The stock has a market cap of $49.05 billion, a price-to-earnings ratio of 13.61 and a beta of 1.57. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.68%. Occidental Petroleum’s payout ratio is 22.92%.

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.