Your Advocates Ltd. LLP Grows Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Your Advocates Ltd. LLP boosted its position in Occidental Petroleum Co. (NYSE:OXY) by 4,860.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,960 shares of the oil and gas producer’s stock after buying an additional 4,860 shares during the quarter. Occidental Petroleum makes up about 0.1% of Your Advocates Ltd. LLP’s holdings, making the stock its 25th largest position. Your Advocates Ltd. LLP’s holdings in Occidental Petroleum were worth $245,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of OXY. Leavell Investment Management Inc. grew its position in shares of Occidental Petroleum by 3.3% in the third quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer’s stock valued at $323,000 after purchasing an additional 200 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in Occidental Petroleum by 27.1% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock worth $58,000 after buying an additional 248 shares in the last quarter. Empire Financial Management Company LLC grew its position in Occidental Petroleum by 4.1% during the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer’s stock worth $329,000 after buying an additional 250 shares in the last quarter. Park Avenue Securities LLC grew its position in Occidental Petroleum by 3.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 250 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Occidental Petroleum by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 27,566 shares of the oil and gas producer’s stock worth $1,421,000 after buying an additional 257 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on OXY shares. Stephens restated an “overweight” rating and set a $71.00 target price on shares of Occidental Petroleum in a research report on Wednesday. Truist Financial boosted their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wolfe Research boosted 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. Susquehanna reduced their target price on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average price target of $61.55.

Occidental Petroleum Trading Down 3.2 %

NYSE OXY opened at $50.42 on Friday. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $49.20 and a 200-day moving average of $51.37. The firm has a market cap of $47.31 billion, a PE ratio of 20.66 and a beta of 1.55.

Occidental Petroleum (NYSE:OXY) last released its 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. As a group, sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. Occidental Petroleum’s dividend payout ratio is presently 39.34%.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now directly owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 6,854,394 shares of company stock valued at $315,101,532 in the last 90 days. 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.