Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Corient Capital Partners LLC

Corient Capital Partners LLC boosted its holdings in Occidental Petroleum Co. (NYSE:OXYGet Rating) by 7.7% in the second quarter, HoldingsChannel.com reports. The firm owned 11,558 shares of the oil and gas producer’s stock after buying an additional 823 shares during the quarter. Corient Capital Partners LLC’s holdings in Occidental Petroleum were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OXY. GQG Partners LLC boosted its holdings in Occidental Petroleum by 16.1% in the first quarter. GQG Partners LLC now owns 26,669,384 shares of the oil and gas producer’s stock valued at $1,512,799,000 after purchasing an additional 3,690,561 shares in the last quarter. Asia Research & Capital Management Ltd acquired a new position in Occidental Petroleum in the first quarter valued at approximately $145,651,000. Vanguard Group Inc. boosted its holdings in Occidental Petroleum by 2.4% in the first quarter. Vanguard Group Inc. now owns 101,902,647 shares of the oil and gas producer’s stock valued at $5,781,956,000 after purchasing an additional 2,385,883 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Occidental Petroleum by 145.6% in the first quarter. APG Asset Management N.V. now owns 2,841,537 shares of the oil and gas producer’s stock valued at $144,905,000 after purchasing an additional 1,684,588 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Occidental Petroleum by 87.9% in the first quarter. First Trust Advisors LP now owns 3,276,078 shares of the oil and gas producer’s stock valued at $185,885,000 after purchasing an additional 1,532,100 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Down 2.3 %

Occidental Petroleum stock opened at $71.12 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.86 and a current ratio of 1.10. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.57 and a beta of 1.82. Occidental Petroleum Co. has a fifty-two week low of $26.05 and a fifty-two week high of $77.13. The stock’s fifty day moving average is $68.22 and its two-hundred day moving average is $65.46.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Monday, December 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 9th. Occidental Petroleum’s dividend payout ratio (DPR) is 4.33%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OXY. Tudor, Pickering, Holt & Co. cut Occidental Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Citigroup boosted their price objective on Occidental Petroleum from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, November 17th. StockNews.com began coverage on Occidental Petroleum in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays upped their price target on Occidental Petroleum from $75.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 19th. Finally, Wells Fargo & Company upgraded Occidental Petroleum from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $59.00 to $74.00 in a research note on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $76.11.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 1,737,316 shares of the stock in a transaction on Wednesday, September 28th. The shares were bought at an average price of $60.71 per share, with a total value of $105,472,454.36. Following the completion of the acquisition, the insider now owns 194,351,650 shares of the company’s stock, valued at $11,799,088,671.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

About Occidental Petroleum

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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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