549 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC purchased a new position in Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 549 shares of the oil and gas producer’s stock, valued at approximately $27,000.

Other large investors also recently bought and sold shares of the company. Certified Advisory Corp acquired a new position in Occidental Petroleum in the 4th quarter worth about $476,000. Rule One Partners LLC acquired a new position in Occidental Petroleum in the 3rd quarter worth about $14,199,000. Fisher Asset Management LLC raised its holdings in Occidental Petroleum by 1.1% in 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 purchasing an additional 6,461 shares during the period. Sarasin & Partners LLP raised its holdings in Occidental Petroleum by 5.4% in the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after purchasing an additional 50,983 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $2,509,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $47.99 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $48.68 and its two-hundred day moving average is $50.11. Occidental Petroleum Co. has a 12-month low of $44.70 and a 12-month high of $71.19. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 19.67 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.00%. Occidental Petroleum’s payout ratio is 39.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OXY shares. Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Truist Financial raised their price target on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho lowered their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Finally, UBS Group raised their price target on Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.45.

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.