Marshall Investment Management LLC Acquires Shares of 5,225 Occidental Petroleum Co. (NYSE:OXY)

Marshall Investment Management LLC acquired a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,225 shares of the oil and gas producer’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also bought and sold shares of OXY. Foundations Investment Advisors LLC increased its holdings in shares of Occidental Petroleum by 6.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 10,668 shares of the oil and gas producer’s stock valued at $550,000 after purchasing an additional 670 shares in the last quarter. Grimes & Company Inc. increased its holdings in shares of Occidental Petroleum by 7.7% during the 3rd quarter. Grimes & Company Inc. now owns 4,133 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 296 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Occidental Petroleum by 0.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 37,900 shares of the oil and gas producer’s stock valued at $1,953,000 after purchasing an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Occidental Petroleum by 8.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,729 shares of the oil and gas producer’s stock worth $2,027,000 after acquiring an additional 3,138 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Occidental Petroleum by 13.7% in the 3rd quarter. PFG Investments LLC now owns 20,163 shares of the oil and gas producer’s stock worth $1,039,000 after acquiring an additional 2,436 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 6,854,394 shares of company stock valued at $315,101,532 over the last 90 days. 0.31% of the stock is owned by insiders.

Occidental Petroleum Trading Down 3.2 %

Shares of OXY stock opened at $50.42 on Friday. The company’s 50-day moving average price is $49.20 and its 200-day moving average price is $51.37. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a market cap of $47.31 billion, a price-to-earnings ratio of 20.66 and a beta of 1.55. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.13. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, equities analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a $0.24 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s dividend payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OXY shares. UBS Group boosted their price target on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and cut their price target for the stock from $54.00 to $45.00 in a report on Friday, January 31st. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday. TD Cowen cut their price target on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Truist Financial boosted their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price 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.