Hardin Capital Partners LLC Has $820,000 Stake in Occidental Petroleum Co. (NYSE:OXY)

Hardin Capital Partners LLC increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 16,596 shares of the oil and gas producer’s stock after acquiring an additional 385 shares during the quarter. Hardin Capital Partners LLC’s holdings in Occidental Petroleum were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Certified Advisory Corp acquired a new position in shares of Occidental Petroleum in the fourth quarter valued at $476,000. Rule One Partners LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at 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 valued at $30,320,000 after acquiring an additional 6,461 shares during the period. Sarasin & Partners LLP boosted its holdings in shares of Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after acquiring an additional 50,983 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Occidental Petroleum in the third quarter valued at approximately $2,509,000. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the subject of several research reports. UBS Group lifted their price target on Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Piper Sandler reduced their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Stephens reaffirmed an “overweight” rating and set a $71.00 price target on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Wells Fargo & Company restated an “equal weight” rating on shares of Occidental Petroleum in a research report on Friday, February 21st. Finally, Mizuho dropped their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.45.

Occidental Petroleum Price Performance

OXY stock opened at $49.05 on Wednesday. The stock has a market cap of $46.03 billion, a price-to-earnings ratio of 20.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company has a 50 day simple moving average of $48.45 and a 200 day simple moving average of $49.91. Occidental Petroleum Co. has a 1 year low of $44.70 and a 1 year high of $71.19.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion during 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 anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal 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 issued a dividend of $0.24 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is 39.34%.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now directly owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

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.