Occidental Petroleum Co. (NYSE:OXY) Shares Bought by Fox Hill Wealth Management

Fox Hill Wealth Management lifted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,896 shares of the oil and gas producer’s stock after buying an additional 290 shares during the period. Fox Hill Wealth Management’s holdings in Occidental Petroleum were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OXY. Berkshire Hathaway Inc increased its holdings in shares of Occidental Petroleum by 8.7% during the 4th quarter. Berkshire Hathaway Inc now owns 243,715,804 shares of the oil and gas producer’s stock worth $14,552,271,000 after buying an additional 19,586,612 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Occidental Petroleum by 600.4% during the 3rd quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after buying an additional 1,922,656 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Occidental Petroleum by 22.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after buying an additional 1,088,052 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Occidental Petroleum by 51.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock worth $139,749,000 after buying an additional 797,894 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Occidental Petroleum by 237.9% during the 4th quarter. TD Asset Management Inc now owns 756,862 shares of the oil and gas producer’s stock worth $45,192,000 after buying an additional 532,847 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

Shares of NYSE OXY traded up $0.34 during mid-day trading on Friday, reaching $63.03. 8,396,987 shares of the company traded hands, compared to its average volume of 7,723,286. Occidental Petroleum Co. has a fifty-two week low of $55.12 and a fifty-two week high of $71.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.95 and a quick ratio of 0.71. The firm has a market cap of $55.88 billion, a PE ratio of 17.22 and a beta of 1.59. The stock has a fifty day simple moving average of $62.94 and a 200-day simple moving average of $61.74.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.70 billion. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Equities research analysts anticipate that Occidental Petroleum Co. will post 3.88 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Monday, June 10th. Occidental Petroleum’s dividend payout ratio is 24.04%.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 1,386,844 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $59.67 per share, with a total value of $82,752,981.48. Following the purchase, the insider now owns 250,583,605 shares of the company’s stock, valued at approximately $14,952,323,710.35. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders bought 4,656,747 shares of company stock valued at $278,664,028. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial downgraded Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $84.00 to $69.00 in a report on Thursday, May 16th. Susquehanna increased their price target on Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Citigroup dropped their price objective on shares of Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Morgan Stanley increased their price objective on shares of Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company increased their price objective on shares of Occidental Petroleum from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, June 21st. Eleven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.56.

Occidental Petroleum 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.