1,074 Shares in Occidental Petroleum Co. (NYSE:OXY) Bought by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp acquired a new position in Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,074 shares of the oil and gas producer’s stock, valued at approximately $53,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum during the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in Occidental Petroleum in the 4th quarter valued at $40,000. Millstone Evans Group LLC purchased a new stake in Occidental Petroleum in the 4th quarter worth $42,000. Finally, M Holdings Securities Inc. acquired a new position in Occidental Petroleum during the fourth quarter worth $47,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OXY has been the topic of several research analyst reports. Citigroup dropped their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Truist Financial boosted 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. Stephens reaffirmed an “overweight” rating and issued a $71.00 price target on shares of Occidental Petroleum in a research note on Wednesday, February 19th. UBS Group increased their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and an average price target of $59.82.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Stock Down 0.6 %

OXY opened at $49.47 on Friday. The business’s fifty day simple moving average is $48.34 and its 200 day simple moving average is $49.91. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.19. The firm has a market cap of $46.49 billion, a P/E ratio of 20.28 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its quarterly 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. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. As a group, equities research analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is presently 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.