Hosking Partners LLP Has $38.36 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Hosking Partners LLP lifted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 44.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 776,348 shares of the oil and gas producer’s stock after buying an additional 240,035 shares during the quarter. Occidental Petroleum accounts for about 1.5% of Hosking Partners LLP’s holdings, making the stock its 21st biggest position. Hosking Partners LLP’s holdings in Occidental Petroleum were worth $38,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Verus Capital Partners LLC grew its holdings in Occidental Petroleum by 151.8% during the 4th quarter. Verus Capital Partners LLC now owns 13,027 shares of the oil and gas producer’s stock worth $644,000 after acquiring an additional 7,854 shares during the last quarter. Prosperitas Financial LLC bought a new stake in shares of Occidental Petroleum in the fourth quarter worth $2,387,000. Hahn Capital Management LLC increased its holdings in Occidental Petroleum by 49.7% in the fourth quarter. Hahn Capital Management LLC now owns 116,114 shares of the oil and gas producer’s stock valued at $5,737,000 after purchasing an additional 38,555 shares during the period. QRG Capital Management Inc. raised its position in Occidental Petroleum by 2.9% during the 4th quarter. QRG Capital Management Inc. now owns 20,242 shares of the oil and gas producer’s stock worth $1,000,000 after purchasing an additional 561 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Occidental Petroleum during the 4th quarter worth about $6,337,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.2 %

NYSE:OXY opened at $48.64 on Friday. 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 Co. has a one year low of $45.17 and a one year high of $71.18. The company has a market cap of $45.64 billion, a PE ratio of 19.93 and a beta of 1.55. The firm has a 50-day moving average of $49.42 and a 200-day moving average of $51.18.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during 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 expect that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 1.97%. 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 currently 39.34%.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 6,854,394 shares of company stock worth $315,101,532 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OXY shares. The Goldman Sachs Group downgraded Occidental Petroleum from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. UBS Group upped their price objective on shares of Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Susquehanna lowered their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research note on Thursday, November 14th. Finally, Citigroup cut their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.55.

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.