817 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Atala Financial Inc

Atala Financial Inc acquired a new position in Occidental Petroleum Co. (NYSE:OXY) during the 4th quarter, HoldingsChannel reports. The fund acquired 817 shares of the oil and gas producer’s stock, valued at approximately $40,000.

Several other institutional investors also recently bought and sold shares of OXY. Whipplewood Advisors LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. Transamerica Financial Advisors Inc. purchased a new position in Occidental Petroleum in the 3rd quarter valued at $50,000. Deseret Mutual Benefit Administrators boosted its stake in Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock worth $58,000 after purchasing an additional 248 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth $59,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at about $68,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OXY shares. Roth Capital set a $54.00 price target on shares of Occidental Petroleum in a research report on Thursday, January 23rd. UBS Group increased their target price on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a research note on Friday, February 21st. Stephens reaffirmed an “overweight” rating and set a $71.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Finally, Mizuho cut their target price on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.68.

Occidental Petroleum Stock Up 2.5 %

OXY stock opened at $46.58 on Friday. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 19.09 and a beta of 1.51. The company’s 50 day moving average price is $48.95 and its 200 day moving average price is $50.36. Occidental Petroleum Co. has a fifty-two week low of $44.70 and a fifty-two week 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 posted 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 company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. On average, equities research analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.06%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. Occidental Petroleum’s dividend payout ratio is 39.34%.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the transaction, the insider now directly owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. This represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 6,854,394 shares of company stock worth $315,101,532 over the last three months. Insiders own 0.48% of the company’s stock.

Occidental Petroleum 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.