9,633 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Certified Advisory Corp

Certified Advisory Corp acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,633 shares of the oil and gas producer’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. H&H International Investment LLC increased its holdings in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after purchasing an additional 7,680,598 shares in the last quarter. Himalaya Capital Management LLC acquired a new position in Occidental Petroleum during the second quarter worth about $92,433,000. Anson Funds Management LP increased its holdings in Occidental Petroleum by 3,645.8% in the third quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after buying an additional 745,050 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Occidental Petroleum by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock valued at $710,886,000 after acquiring an additional 444,850 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $18,554,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on OXY. Susquehanna reduced their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Piper Sandler cut their price target on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Barclays lowered their price objective on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Finally, Mizuho dropped their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $62.19.

Occidental Petroleum Trading Down 0.6 %

Shares of OXY stock opened at $51.98 on Friday. The firm’s 50-day simple moving average is $49.67 and its 200-day simple moving average is $53.60. 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 firm has a market cap 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 issued 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 (DPR) is presently 22.92%.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now directly owns 257,758,886 shares of the company’s stock, valued at approximately $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Occidental Petroleum 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.