Occidental Petroleum Co. (NYSE:OXY) Holdings Raised by Intellectus Partners LLC

Intellectus Partners LLC boosted its stake in Occidental Petroleum Co. (NYSE:OXY) by 44.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,910 shares of the oil and gas producer’s stock after buying an additional 6,145 shares during the period. Intellectus Partners LLC’s holdings in Occidental Petroleum were worth $988,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. acquired a new stake in Occidental Petroleum in the third quarter worth approximately $32,000. Transamerica Financial Advisors Inc. bought a new position in Occidental Petroleum during the 3rd quarter valued at $50,000. Deseret Mutual Benefit Administrators increased its position in shares of 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 valued at $58,000 after purchasing an additional 248 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter worth $59,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

OXY has been the subject of several research reports. UBS Group raised their target price on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Raymond James boosted their target price on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Citigroup reduced their target price on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Finally, StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus price target of $61.50.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 6,854,394 shares of company stock worth $315,101,532 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Trading Up 3.4 %

Shares of NYSE:OXY opened at $47.26 on Friday. Occidental Petroleum Co. has a 12-month low of $44.70 and a 12-month high of $71.18. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $44.35 billion, a P/E ratio of 19.37 and a beta of 1.51. The firm has a fifty day moving average of $49.27 and a two-hundred day moving average of $50.72.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 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 firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. On average, equities analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

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.