23,629 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,629 shares of the oil and gas producer’s stock, valued at approximately $1,168,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Occidental Petroleum by 18.1% in the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock worth $3,365,992,000 after buying an additional 10,434,098 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Occidental Petroleum by 48.1% during the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer’s stock valued at $203,459,000 after acquiring an additional 1,337,728 shares during the last quarter. Invesco Ltd. grew its stake in shares of Occidental Petroleum by 25.2% in the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer’s stock worth $314,133,000 after acquiring an additional 1,278,389 shares during the period. Scharf Investments LLC raised its holdings in shares of Occidental Petroleum by 48.7% during the fourth quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer’s stock valued at $121,600,000 after purchasing an additional 805,525 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Occidental Petroleum by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer’s stock valued at $701,816,000 after purchasing an additional 398,467 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Up 1.8 %

NYSE OXY opened at $38.47 on Thursday. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $68.43. 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 $36.15 billion, a PE ratio of 15.77 and a beta of 1.02. The stock’s 50 day moving average is $45.92 and its 200 day moving average is $48.80.

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

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OXY. Piper Sandler decreased their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Morgan Stanley set a $58.00 target price on Occidental Petroleum and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Citigroup reduced their price target on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, TD Cowen downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $68.00 to $45.00 in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.81.

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.