Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,517 shares of the oil and gas producer’s stock after acquiring an additional 1,814 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Occidental Petroleum were worth $371,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Occidental Petroleum during the 3rd quarter worth $32,000. Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum in the 3rd quarter valued at about $50,000. Exchange Traded Concepts LLC purchased a new stake in shares of Occidental Petroleum during the 3rd quarter worth $87,000. Finally, Kennebec Savings Bank purchased a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $93,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

OXY has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on shares of Occidental Petroleum in a report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 target price for the company. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Scotiabank cut their price objective on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company dropped their target price on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, December 9th. Finally, Raymond James upped their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Trading Up 0.2 %

NYSE OXY opened at $50.31 on Friday. The company has a market cap of $47.20 billion, a P/E ratio of 13.10 and a beta of 1.57. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The company has a 50-day moving average of $49.71 and a 200-day moving average of $53.22.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.75%. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by insiders.

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.