Fox Hill Wealth Management Has $449,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Fox Hill Wealth Management decreased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,095 shares of the oil and gas producer’s stock after selling 721 shares during the quarter. Fox Hill Wealth Management’s holdings in Occidental Petroleum were worth $449,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Certified Advisory Corp bought a new position in shares of Occidental Petroleum during the 4th quarter worth approximately $476,000. Rule One Partners LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth $14,199,000. Fisher Asset Management LLC raised its holdings in shares of Occidental Petroleum by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock worth $30,320,000 after buying an additional 6,461 shares in the last quarter. Sarasin & Partners LLP raised its holdings in shares of Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after buying an additional 50,983 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Occidental Petroleum in the 3rd quarter worth about $2,509,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. 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. Citigroup cut their price target on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday. Raymond James downgraded Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Finally, Roth Capital set a $54.00 price objective on Occidental Petroleum in a research note on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $60.45.

Occidental Petroleum Stock Up 0.8 %

OXY opened at $47.66 on Wednesday. The company has a market cap of $44.73 billion, a PE ratio of 19.53 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a twelve month low of $44.70 and a twelve month high of $71.19. The company has a 50-day moving average price of $48.80 and a 200 day moving average price of $50.14.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. Sell-side analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

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.