Park Avenue Securities LLC Buys 250 Shares of Occidental Petroleum Co. (NYSE:OXY)

Park Avenue Securities LLC raised its stake in Occidental Petroleum Co. (NYSE:OXY) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,058 shares of the oil and gas producer’s stock after purchasing an additional 250 shares during the quarter. Park Avenue Securities LLC’s holdings in Occidental Petroleum were worth $398,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Occidental Petroleum in the second quarter valued at about $256,000. Thrivent Financial for Lutherans boosted its holdings in shares of Occidental Petroleum by 2.6% during the second quarter. Thrivent Financial for Lutherans now owns 57,093 shares of the oil and gas producer’s stock worth $3,599,000 after purchasing an additional 1,425 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Occidental Petroleum by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 4,782 shares of the oil and gas producer’s stock worth $302,000 after purchasing an additional 326 shares during the last quarter. AXA S.A. raised its position in Occidental Petroleum by 1.1% during the 2nd quarter. AXA S.A. now owns 31,721 shares of the oil and gas producer’s stock valued at $1,999,000 after purchasing an additional 349 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Occidental Petroleum by 11.5% in the 2nd quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock worth $5,077,000 after buying an additional 8,327 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on OXY shares. Stephens boosted their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wolfe Research boosted their price target on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group lowered their price objective on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Evercore ISI cut their price objective on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating on the stock in a research report on Monday, September 30th. Finally, Scotiabank decreased their target price on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Trading Down 2.1 %

Shares of OXY opened at $49.26 on Friday. The firm has a market cap of $46.22 billion, a P/E ratio of 12.83 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. The company has a 50 day simple moving average of $49.70 and a two-hundred day simple moving average of $53.20.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

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.