Wealth Advisory Solutions LLC Has $1.27 Million Holdings in Occidental Petroleum Co. (NYSE:OXY)

Wealth Advisory Solutions LLC decreased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 83.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,741 shares of the oil and gas producer’s stock after selling 130,306 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Occidental Petroleum were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $27,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum during the third quarter worth about $32,000. Transamerica Financial Advisors Inc. bought a new position in Occidental Petroleum in the 3rd quarter valued at about $50,000. Deseret Mutual Benefit Administrators boosted its stake in Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after purchasing an additional 248 shares during the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna dropped their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price target on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Stephens restated an “overweight” rating and issued a $71.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, February 19th. Truist Financial lifted their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and an average price target of $61.55.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 6,854,394 shares of company stock valued at $315,101,532 in the last three months. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $46.60 on Wednesday. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. The stock has a market capitalization of $43.73 billion, a P/E ratio of 19.10 and a beta of 1.55. The company’s 50-day moving average is $49.40 and its 200 day moving average is $50.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. On average, sell-side analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced 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 represents a $0.96 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is 39.34%.

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.