Hardin Capital Partners LLC Has $820,000 Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Hardin Capital Partners LLC raised its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,596 shares of the oil and gas producer’s stock after buying an additional 385 shares during the period. Hardin Capital Partners LLC’s holdings in Occidental Petroleum were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at $27,000. Atala Financial Inc bought a new position in shares of Occidental Petroleum in the fourth quarter valued at about $40,000. Millstone Evans Group LLC acquired a new position in Occidental Petroleum during the 4th quarter worth about $42,000. Finally, M Holdings Securities Inc. bought a new position in Occidental Petroleum in the 4th quarter worth approximately $47,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY stock opened at $49.05 on Wednesday. The stock has a market cap of $46.03 billion, a PE ratio of 20.10 and a beta of 1.51. The stock has a 50-day moving average price of $48.45 and a two-hundred day moving average price of $49.91. Occidental Petroleum Co. has a 1 year low of $44.70 and a 1 year high of $71.19. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) 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 business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Equities analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a $0.24 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s dividend payout ratio (DPR) is 39.34%.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OXY. Truist Financial upped their price target on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Stephens reissued an “overweight” rating and set a $71.00 price target on shares of Occidental Petroleum in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Mizuho dropped their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.45.

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.