Trust Co. of Vermont Has $719,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Trust Co. of Vermont lessened its stake in Occidental Petroleum Co. (NYSE:OXY) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,039 shares of the oil and gas producer’s stock after selling 2,309 shares during the period. Trust Co. of Vermont’s holdings in Occidental Petroleum were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $27,000. TLW Wealth Management LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $28,000. Grove Bank & Trust raised its stake in shares of Occidental Petroleum by 86.0% in the fourth quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 240 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $34,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $35,000. Institutional investors own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 1,386,844 shares of the stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $59.67 per share, for a total transaction of $82,752,981.48. Following the completion of the transaction, the insider now directly owns 250,583,605 shares of the company’s stock, valued at approximately $14,952,323,710.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders acquired 3,261,633 shares of company stock valued at $195,475,671. Company insiders own 0.48% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock traded down $0.02 during trading hours on Monday, reaching $59.82. The company had a trading volume of 944,370 shares, compared to its average volume of 7,901,739. The firm has a market cap of $53.04 billion, a PE ratio of 16.35 and a beta of 1.59. Occidental Petroleum Co. has a one year low of $55.12 and a one year high of $71.18. The business has a fifty day simple moving average of $64.09 and a 200 day simple moving average of $61.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.95 and a quick ratio of 0.71.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.70 billion. Occidental Petroleum had a return on equity of 17.50% and a net margin of 15.62%. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. On average, analysts anticipate that Occidental Petroleum Co. will post 3.89 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, June 10th. Occidental Petroleum’s dividend payout ratio is 24.04%.

Analyst Ratings Changes

A number of analysts recently commented on OXY shares. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Scotiabank raised Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $63.00 to $90.00 in a research report on Thursday, April 11th. Truist Financial downgraded Occidental Petroleum from a “buy” rating to a “hold” rating and decreased their price target for the company from $84.00 to $69.00 in a research report on Thursday, May 16th. Mizuho increased their price target on Occidental Petroleum from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Finally, HSBC started coverage on Occidental Petroleum in a research report on Monday, April 8th. They set a “hold” rating and a $65.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $71.50.

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.