4,000 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new stake in Occidental Petroleum Co. (NYSE:OXY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,000 shares of the oil and gas producer’s stock, valued at approximately $198,000.

Several other institutional investors also recently modified their holdings of OXY. Elo Mutual Pension Insurance Co grew its holdings in Occidental Petroleum by 4.8% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 74,244 shares of the oil and gas producer’s stock worth $3,668,000 after acquiring an additional 3,391 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Occidental Petroleum by 8.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,063,354 shares of the oil and gas producer’s stock worth $53,710,000 after purchasing an additional 80,206 shares during the period. Korea Investment CORP increased its holdings in Occidental Petroleum by 46.0% in the fourth quarter. Korea Investment CORP now owns 696,520 shares of the oil and gas producer’s stock valued at $34,415,000 after purchasing an additional 219,504 shares during the last quarter. Hardin Capital Partners LLC lifted its stake in Occidental Petroleum by 2.4% in the fourth quarter. Hardin Capital Partners LLC now owns 16,596 shares of the oil and gas producer’s stock valued at $820,000 after buying an additional 385 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its holdings in Occidental Petroleum by 41.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 12,634 shares of the oil and gas producer’s stock worth $624,000 after buying an additional 3,687 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OXY. Citigroup lowered their price target on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Piper Sandler cut their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. UBS Group boosted their price target on shares of Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Truist Financial raised their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their target price for the company from $54.00 to $45.00 in a research note on Friday, January 31st. 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’s stock. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $59.82.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $49.47 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $48.34 and its two-hundred day moving average price is $49.91. The company has a market cap of $46.49 billion, a PE ratio of 20.28 and a beta of 1.51. Occidental Petroleum Co. has a twelve month low of $44.70 and a twelve month high of $71.19.

Occidental Petroleum (NYSE:OXY) last posted its earnings results 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. On average, analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced 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 represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s dividend payout ratio (DPR) is currently 39.34%.

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.