Pring Turner Capital Group Inc. Has $3.62 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Pring Turner Capital Group Inc. boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,354 shares of the oil and gas producer’s stock after buying an additional 3,935 shares during the quarter. Occidental Petroleum makes up approximately 2.4% of Pring Turner Capital Group Inc.’s holdings, making the stock its 20th largest holding. Pring Turner Capital Group Inc.’s holdings in Occidental Petroleum were worth $3,624,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OXY. Skylands Capital LLC boosted its holdings in Occidental Petroleum by 23.0% in the fourth quarter. Skylands Capital LLC now owns 145,084 shares of the oil and gas producer’s stock valued at $7,169,000 after acquiring an additional 27,175 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Occidental Petroleum during the 4th quarter valued at about $1,054,000. Union Bancaire Privee UBP SA bought a new position in shares of Occidental Petroleum in the 4th quarter valued at about $179,000. Howard Capital Management Inc. grew its position in shares of Occidental Petroleum by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 216 shares during the period. Finally, Your Advocates Ltd. LLP raised its stake in shares of Occidental Petroleum by 4,860.0% during the fourth quarter. Your Advocates Ltd. LLP now owns 4,960 shares of the oil and gas producer’s stock worth $245,000 after buying an additional 4,860 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the transaction, the insider now directly owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 6,854,394 shares of company stock valued at $315,101,532 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Down 1.1 %

OXY stock opened at $49.87 on Tuesday. The business has a 50-day moving average of $49.26 and a 200-day moving average of $51.28. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The stock has a market capitalization of $46.80 billion, a P/E ratio of 20.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $7.14 billion. On average, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share 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. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OXY shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Wolfe Research lifted their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. 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 note on Monday, December 16th. Truist Financial raised their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.55.

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.