5,090 Shares in Occidental Petroleum Co. (NYSE:OXY) Acquired by G&S Capital LLC

G&S Capital LLC acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,090 shares of the oil and gas producer’s stock, valued at approximately $331,000.

Other large investors have also recently modified their holdings of the company. SeaCrest Wealth Management LLC raised its stake in shares of Occidental Petroleum by 8.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 5,825 shares of the oil and gas producer’s stock worth $343,000 after acquiring an additional 474 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in Occidental Petroleum during the 4th quarter valued at approximately $1,006,000. Koshinski Asset Management Inc. increased its stake in Occidental Petroleum by 53.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 48,179 shares of the oil and gas producer’s stock valued at $2,877,000 after purchasing an additional 16,871 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Occidental Petroleum by 1,279.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,899 shares of the oil and gas producer’s stock valued at $13,847,000 after purchasing an additional 215,091 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Occidental Petroleum during the 4th quarter valued at approximately $763,000. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OXY. Barclays began coverage on shares of Occidental Petroleum in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price target on the stock. Morgan Stanley upped their price target on shares of Occidental Petroleum from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Truist Financial downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their price objective for the company from $84.00 to $69.00 in a report on Thursday, May 16th. Mizuho upped their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, HSBC initiated coverage on shares of Occidental Petroleum in a report on Monday, April 8th. They issued a “hold” rating and a $65.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.56.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $62.87 on Thursday. The company’s fifty day moving average price is $63.14 and its 200 day moving average price is $61.64. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18. The company has a market capitalization of $55.74 billion, a PE ratio of 17.18 and a beta of 1.59. 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 announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.70 billion. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. On average, research analysts predict that Occidental Petroleum Co. will post 3.88 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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, June 10th. Occidental Petroleum’s payout ratio is 24.04%.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 1,386,844 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were acquired at an average cost of $59.67 per share, with a total value of $82,752,981.48. Following the completion of the acquisition, the insider now directly owns 250,583,605 shares in the company, valued at approximately $14,952,323,710.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 4,656,747 shares of company stock valued at $278,664,028 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

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.