Clarius Group LLC Purchases 5,457 Shares of Occidental Petroleum Co. (NYSE:OXY)

Clarius Group LLC grew its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 129.7% in the 4th quarter, HoldingsChannel reports. The firm owned 9,664 shares of the oil and gas producer’s stock after acquiring an additional 5,457 shares during the quarter. Clarius Group LLC’s holdings in Occidental Petroleum were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in OXY. Joule Financial LLC boosted its position in Occidental Petroleum by 17.4% during the fourth quarter. Joule Financial LLC now owns 9,595 shares of the oil and gas producer’s stock worth $474,000 after purchasing an additional 1,422 shares during the period. Aaron Wealth Advisors LLC raised its holdings in Occidental Petroleum by 18.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 6,353 shares of the oil and gas producer’s stock valued at $314,000 after acquiring an additional 1,000 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in shares of Occidental Petroleum by 9.5% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 8,913 shares of the oil and gas producer’s stock worth $442,000 after acquiring an additional 773 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Occidental Petroleum by 31.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 7,517 shares of the oil and gas producer’s stock worth $371,000 after acquiring an additional 1,814 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Occidental Petroleum by 30.5% during the 4th quarter. HB Wealth Management LLC now owns 22,660 shares of the oil and gas producer’s stock valued at $1,120,000 after purchasing an additional 5,290 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY opened at $51.98 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. The stock’s 50 day simple moving average is $49.70 and its 200 day simple moving average is $53.46. The firm has a market cap of $48.78 billion, a price-to-earnings ratio of 13.54 and a beta of 1.57.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.69%. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OXY shares. UBS Group decreased their price target on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. BMO Capital Markets cut their price target on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Raymond James increased their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Evercore ISI reduced their target price on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a research report on Monday, September 30th. Finally, Mizuho lowered their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $62.19.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the transaction, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.31% of the company’s stock.

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.