Union Bancaire Privee UBP SA Buys New Holdings in Occidental Petroleum Co. (NYSE:OXY)

Union Bancaire Privee UBP SA acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,625 shares of the oil and gas producer’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. H&H International Investment LLC grew its stake in Occidental Petroleum by 497.7% during the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock worth $475,389,000 after buying an additional 7,680,598 shares during the last quarter. Anson Funds Management LP increased its stake in Occidental Petroleum by 3,645.8% in the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after buying an additional 745,050 shares during the period. Geode Capital Management LLC increased its stake in shares of Occidental Petroleum by 3.3% during the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock worth $710,886,000 after acquiring an additional 444,850 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $18,554,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Occidental Petroleum in the fourth quarter valued at $16,260,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OXY. Raymond James lifted their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 8th. Wells Fargo & Company reduced their target price on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Scotiabank decreased their price objective on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, TD Cowen decreased their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.19.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $48.91 on Thursday. The business has a 50 day simple moving average of $49.63 and a 200 day simple moving average of $52.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 12.74 and a beta of 1.57. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

About Occidental Petroleum

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.