Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Lessened by E&G Advisors LP

E&G Advisors LP decreased its position in Occidental Petroleum Co. (NYSE:OXY) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,003 shares of the oil and gas producer’s stock after selling 2,450 shares during the quarter. E&G Advisors LP’s holdings in Occidental Petroleum were worth $346,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT increased its holdings in Occidental Petroleum by 5.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 7,464 shares of the oil and gas producer’s stock valued at $369,000 after purchasing an additional 399 shares in the last quarter. Asset Management Advisors LLC boosted its holdings in shares of Occidental Petroleum by 2.5% during the fourth quarter. Asset Management Advisors LLC now owns 121,345 shares of the oil and gas producer’s stock worth $5,996,000 after acquiring an additional 3,000 shares during the period. S.A. Mason LLC grew its position in Occidental Petroleum by 43.4% during the fourth quarter. S.A. Mason LLC now owns 4,691 shares of the oil and gas producer’s stock worth $232,000 after buying an additional 1,420 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Occidental Petroleum by 4.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 12,181 shares of the oil and gas producer’s stock worth $602,000 after buying an additional 523 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Occidental Petroleum by 11.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,406 shares of the oil and gas producer’s stock worth $1,107,000 after purchasing an additional 2,324 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OXY. Citigroup dropped their price objective on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Piper Sandler cut their price objective on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Mizuho decreased their target price on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Two investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.71.

Occidental Petroleum Trading Down 0.6 %

NYSE OXY opened at $46.38 on Tuesday. The firm has a market cap of $43.52 billion, a PE ratio of 12.08 and a beta of 1.55. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The stock has a 50-day moving average of $49.43 and a 200-day moving average of $52.54. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

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.