Annis Gardner Whiting Capital Advisors LLC Buys New Position in Occidental Petroleum Co. (NYSE:OXY)

Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXYFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 406 shares of the oil and gas producer’s stock, valued at approximately $26,000.

Other institutional investors have also added to or reduced their stakes in the company. Steward Financial Group LLC bought a new stake in Occidental Petroleum in the 2nd quarter valued at $25,000. Resurgent Financial Advisors LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $35,000. Financial Freedom LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $38,000. First Pacific Financial bought a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $45,000. Finally, PCA Investment Advisory Services Inc. bought a new stake in shares of Occidental Petroleum during the 2nd quarter valued at $44,000. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OXY shares. Susquehanna upped their target price on Occidental Petroleum from $72.00 to $78.00 and gave the company a “positive” rating in a research report on Wednesday, October 18th. Truist Financial cut their target price on Occidental Petroleum from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. Mizuho downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Wednesday, January 3rd. Morgan Stanley upgraded Occidental Petroleum from an “equal weight” rating to an “overweight” rating and set a $68.00 target price for the company in a research report on Monday, December 11th. Finally, Raymond James cut their target price on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $70.29.

Check Out Our Latest Report on Occidental Petroleum

Occidental Petroleum Price Performance

Shares of OXY opened at $57.47 on Friday. Occidental Petroleum Co. has a 12-month low of $55.12 and a 12-month high of $67.67. The business has a 50-day simple moving average of $58.18 and a two-hundred day simple moving average of $61.30. The company has a quick ratio of 0.70, a current ratio of 0.92 and a debt-to-equity ratio of 0.88. The stock has a market cap of $50.59 billion, a PE ratio of 12.58 and a beta of 1.64.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, March 7th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s dividend payout ratio is presently 19.26%.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc bought 3,200,799 shares of the stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $56.55 per share, with a total value of $181,005,183.45. Following the acquisition, the insider now directly owns 238,533,189 shares in the company, valued at $13,489,051,837.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 8,720,708 shares of company stock valued at $505,766,000 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Company Profile

(Free Report)

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, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.

See Also

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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