5,019 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Ballentine Partners LLC

Ballentine Partners LLC purchased a new stake in Occidental Petroleum Co. (NYSE:OXY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,019 shares of the oil and gas producer’s stock, valued at approximately $248,000.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Occidental Petroleum in the 2nd quarter worth approximately $256,000. Thrivent Financial for Lutherans increased its stake in Occidental Petroleum by 2.6% in the second quarter. Thrivent Financial for Lutherans now owns 57,093 shares of the oil and gas producer’s stock valued at $3,599,000 after acquiring an additional 1,425 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Occidental Petroleum by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 4,782 shares of the oil and gas producer’s stock valued at $302,000 after acquiring an additional 326 shares during the last quarter. AXA S.A. raised its position in Occidental Petroleum by 1.1% during the second quarter. AXA S.A. now owns 31,721 shares of the oil and gas producer’s stock valued at $1,999,000 after purchasing an additional 349 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Occidental Petroleum by 11.5% in the 2nd quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock worth $5,077,000 after purchasing an additional 8,327 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 2.1 %

OXY stock opened at $49.26 on Friday. The company has a market capitalization of $46.22 billion, a price-to-earnings ratio of 12.83 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. The business’s 50 day moving average price is $49.69 and its two-hundred day moving average price is $53.12. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the transaction, the insider now directly owns 257,758,886 shares in the company, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

OXY has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Piper Sandler lowered their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Bank of America started coverage on Occidental Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Citigroup lowered their target price on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.19.

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.