ANTIPODES PARTNERS Ltd Has $53.70 Million Stake in Occidental Petroleum Co. (NYSE:OXY)

ANTIPODES PARTNERS Ltd reduced its holdings in Occidental Petroleum Co. (NYSE:OXY) by 18.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,086,753 shares of the oil and gas producer’s stock after selling 245,634 shares during the quarter. Occidental Petroleum comprises 1.9% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 22nd biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Occidental Petroleum were worth $53,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $32,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $50,000. Deseret Mutual Benefit Administrators increased its stake 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 worth $58,000 after purchasing an additional 248 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $59,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $46.11 on Thursday. The firm has a 50 day moving average of $49.12 and a 200-day moving average of $50.47. The stock has a market capitalization of $43.27 billion, a PE ratio of 18.90 and a beta of 1.51. Occidental Petroleum Co. has a 12 month low of $44.70 and a 12 month high of $71.18. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The business 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%. On average, equities research analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business 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 dividend on an annualized basis and a yield of 2.08%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 39.34%.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the transaction, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 6,854,394 shares of company stock worth $315,101,532 in the last three months. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on OXY. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Occidental Petroleum in a report on Friday, February 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. Raymond James downgraded shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $81.00 to $64.00 in a report on Monday. Susquehanna reduced their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $60.86.

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.