Union Bancaire Privee UBP SA Purchases Shares of 3,625 Occidental Petroleum Co. (NYSE:OXY)

Union Bancaire Privee UBP SA acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,625 shares of the oil and gas producer’s stock, valued at approximately $179,000.

Other large investors also recently modified their holdings of the company. Leavell Investment Management Inc. lifted its holdings in Occidental Petroleum by 3.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer’s stock worth $323,000 after purchasing an additional 200 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Occidental Petroleum by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after acquiring an additional 248 shares during the period. Empire Financial Management Company LLC grew its stake in shares of Occidental Petroleum by 4.1% in the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer’s stock valued at $329,000 after acquiring an additional 250 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in Occidental Petroleum by 3.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock worth $398,000 after acquiring an additional 250 shares during the period. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $48.87 on Wednesday. The stock has a 50-day moving average price of $49.31 and a two-hundred day moving average price of $51.21. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The company has a market capitalization of $45.86 billion, a PE ratio of 20.03 and a beta of 1.55. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be paid a $0.24 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.96%. Occidental Petroleum’s payout ratio is currently 39.34%.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 6,854,394 shares of company stock worth $315,101,532 over the last three months. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

OXY has been the subject of a number of recent research reports. Susquehanna cut their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. TD Cowen lowered their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Raymond James upped their target price on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Truist Financial raised their price target on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.