Professional Financial Advisors LLC Sells 268 Shares of Occidental Petroleum Co. (NYSE:OXY)

Professional Financial Advisors LLC trimmed its stake in shares of Occidental Petroleum Co. (NYSE:OXYGet Rating) by 36.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the oil and gas producer’s stock after selling 268 shares during the quarter. Professional Financial Advisors LLC’s holdings in Occidental Petroleum were worth $26,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OXY. GQG Partners LLC increased its position in Occidental Petroleum by 15.7% during the 4th quarter. GQG Partners LLC now owns 22,978,823 shares of the oil and gas producer’s stock worth $666,054,000 after buying an additional 3,123,792 shares during the period. Dimensional Fund Advisors LP increased its position in Occidental Petroleum by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,154,947 shares of the oil and gas producer’s stock worth $323,362,000 after acquiring an additional 421,344 shares during the period. Laurion Capital Management LP raised its stake in Occidental Petroleum by 152.8% in the 4th quarter. Laurion Capital Management LP now owns 5,080,754 shares of the oil and gas producer’s stock worth $147,291,000 after purchasing an additional 3,071,233 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Occidental Petroleum by 90.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,330,541 shares of the oil and gas producer’s stock valued at $125,542,000 after purchasing an additional 2,061,057 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Occidental Petroleum by 27.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,540,744 shares of the oil and gas producer’s stock worth $73,656,000 after purchasing an additional 544,414 shares in the last quarter. 86.15% of the stock is owned by institutional investors.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 716,355 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average price of $57.32 per share, for a total transaction of $41,061,468.60. Following the completion of the acquisition, the insider now owns 142,976,973 shares of the company’s stock, valued at approximately $8,195,440,092.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $25.25, for a total transaction of $252,500,000.00. Following the sale, the insider now directly owns 190,281,578 shares of the company’s stock, valued at $4,804,609,844.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 716,355 shares of Occidental Petroleum stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average price of $57.32 per share, with a total value of $41,061,468.60. Following the purchase, the insider now directly owns 142,976,973 shares of the company’s stock, valued at $8,195,440,092.36. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 34,473,254 shares of company stock valued at $1,977,289,204. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

OXY has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Monday, July 11th. Stifel Nicolaus assumed coverage on shares of Occidental Petroleum in a report on Tuesday, April 5th. They issued a “buy” rating and a $84.00 target price on the stock. Truist Financial upped their price target on shares of Occidental Petroleum from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, July 19th. Wells Fargo & Company lifted their price objective on shares of Occidental Petroleum from $51.00 to $58.00 in a research note on Thursday, May 12th. Finally, StockNews.com upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.26.

Occidental Petroleum Stock Up 0.3 %

NYSE:OXY traded up $0.19 on Thursday, hitting $62.97. The stock had a trading volume of 414,833 shares, compared to its average volume of 29,949,652. The company has a market cap of $59.01 billion, a PE ratio of 9.56, a P/E/G ratio of 0.50 and a beta of 1.92. Occidental Petroleum Co. has a 52 week low of $21.62 and a 52 week high of $74.04. The business’s fifty day moving average is $62.38 and its 200 day moving average is $54.55. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.71.

Occidental Petroleum (NYSE:OXYGet Rating) last posted its earnings results on Tuesday, May 10th. The oil and gas producer reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.06 billion. Occidental Petroleum had a net margin of 25.01% and a return on equity of 47.28%. The firm’s revenue was up 61.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) EPS. On average, equities research analysts expect that Occidental Petroleum Co. will post 10.49 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, September 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. Occidental Petroleum’s dividend payout ratio is presently 7.91%.

Occidental Petroleum Company Profile

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

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

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