Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Increased by Sarasin & Partners LLP

Sarasin & Partners LLP raised its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 990,521 shares of the oil and gas producer’s stock after purchasing an additional 50,983 shares during the period. Sarasin & Partners LLP’s holdings in Occidental Petroleum were worth $48,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Lincoln Capital LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at $1,514,000. Liberty One Investment Management LLC raised its stake in Occidental Petroleum by 20.6% during the 4th quarter. Liberty One Investment Management LLC now owns 4,770 shares of the oil and gas producer’s stock valued at $236,000 after acquiring an additional 816 shares in the last quarter. Clarius Group LLC raised its stake in shares of Occidental Petroleum by 129.7% in the 4th quarter. Clarius Group LLC now owns 9,664 shares of the oil and gas producer’s stock worth $477,000 after buying an additional 5,457 shares in the last quarter. Joule Financial LLC raised its stake in shares of Occidental Petroleum by 17.4% in the 4th quarter. Joule Financial LLC now owns 9,595 shares of the oil and gas producer’s stock worth $474,000 after buying an additional 1,422 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of Occidental Petroleum by 18.7% in the 4th quarter. Aaron Wealth Advisors LLC now owns 6,353 shares of the oil and gas producer’s stock worth $314,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of Occidental Petroleum stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of 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 represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OXY shares. Stephens boosted their target price on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets cut their target price on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Barclays cut their target price on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI cut their target price on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating on the stock in a research report on Monday, September 30th. Finally, StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued 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 a consensus target price of $62.19.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $51.98 on Monday. The business’s 50-day moving average price is $49.70 and its two-hundred day moving average price is $53.46. 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 one year low of $45.17 and a one year high of $71.18. The company has a market capitalization of $48.78 billion, a P/E ratio of 13.54 and a beta of 1.57.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were given a $0.22 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.69%. 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.