B. Riley Wealth Advisors Inc. Sells 2,780 Shares of Occidental Petroleum Co. (NYSE:OXY)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,304 shares of the oil and gas producer’s stock after selling 2,780 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Occidental Petroleum were worth $1,036,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OXY. Orion Capital Management LLC bought a new stake in shares of Occidental Petroleum in the 3rd quarter valued at $27,000. TLW Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $28,000. Grove Bank & Trust increased its position in shares of Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 240 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $34,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $35,000. Institutional investors own 88.70% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc acquired 334,461 shares of the business’s stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $59.75 per share, for a total transaction of $19,984,044.75. Following the completion of the transaction, the insider now directly owns 255,281,524 shares of the company’s stock, valued at approximately $15,253,071,059. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased 4,656,747 shares of company stock worth $278,664,028 over the last three months. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays assumed coverage on Occidental Petroleum in a report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 target price for the company. Morgan Stanley increased their target price on Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Scotiabank upgraded Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $63.00 to $90.00 in a report on Thursday, April 11th. Finally, Mizuho increased their target price on Occidental Petroleum from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Eleven 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, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $71.50.

Occidental Petroleum Trading Up 1.9 %

Shares of NYSE:OXY opened at $62.44 on Friday. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $71.18. The company has a market capitalization of $55.36 billion, a P/E ratio of 17.06 and a beta of 1.59. The company has a 50-day simple moving average of $63.48 and a 200 day simple moving average of $61.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its earnings results 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. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the business posted $1.09 EPS. Occidental Petroleum’s revenue was down 17.2% on a year-over-year basis. Sell-side analysts forecast that Occidental Petroleum Co. will post 3.89 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 10th. This represents a $0.88 annualized dividend and a yield of 1.41%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 24.04%.

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.