Kiley Juergens Wealth Management LLC Takes $734,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Kiley Juergens Wealth Management LLC bought a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,294 shares of the oil and gas producer’s stock, valued at approximately $734,000.

Several other large investors have also recently made changes to their positions in the business. Berkshire Hathaway Inc raised its holdings in Occidental Petroleum by 8.7% in the 4th quarter. Berkshire Hathaway Inc now owns 243,715,804 shares of the oil and gas producer’s stock worth $14,552,271,000 after acquiring an additional 19,586,612 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Occidental Petroleum by 22.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after acquiring an additional 1,088,052 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Occidental Petroleum by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,699,722 shares of the oil and gas producer’s stock worth $220,910,000 after acquiring an additional 82,360 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in Occidental Petroleum by 51.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock worth $139,749,000 after acquiring an additional 797,894 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Occidental Petroleum by 600.4% in the 3rd quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after purchasing an additional 1,922,656 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 1,386,844 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $59.67 per share, for a total transaction of $82,752,981.48. Following the completion of the purchase, the insider now owns 250,583,605 shares in the company, valued at $14,952,323,710.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 4,656,747 shares of company stock worth $278,664,028. Corporate insiders own 0.48% of the company’s stock.

Occidental Petroleum Trading Down 0.2 %

NYSE:OXY traded down $0.11 during mid-day trading on Wednesday, hitting $62.25. 594,732 shares of the stock traded hands, compared to its average volume of 7,982,756. The stock has a market capitalization of $55.19 billion, a price-to-earnings ratio of 17.04 and a beta of 1.61. Occidental Petroleum Co. has a 52 week low of $55.12 and a 52 week high of $71.18. The firm’s 50 day moving average is $62.86 and its two-hundred day moving average is $61.80. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.82.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.70 billion. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. On average, equities research analysts predict that Occidental Petroleum Co. will post 3.88 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.41%. Occidental Petroleum’s dividend payout ratio is presently 24.04%.

Analysts Set New Price Targets

A number of equities research analysts have commented on OXY shares. Citigroup cut their target price on shares of Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Morgan Stanley boosted their price objective on shares of Occidental Petroleum from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Barclays initiated coverage on shares of Occidental Petroleum in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price objective for the company. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Susquehanna upped their target price on shares of Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Eleven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $71.56.

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.