Norman Fields Gottscho Capital Management LLC Has $4.42 Million Stake in Occidental Petroleum Co. (NYSE:OXY)

Norman Fields Gottscho Capital Management LLC increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,816 shares of the oil and gas producer’s stock after acquiring an additional 1,090 shares during the quarter. Occidental Petroleum comprises 1.5% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Occidental Petroleum were worth $4,423,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. raised its position in shares of Occidental Petroleum by 75.2% in the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 167 shares during the period. LifeSteps Financial Inc. bought a new position in Occidental Petroleum in the 1st quarter valued at about $34,000. Able Wealth Management LLC acquired a new stake in Occidental Petroleum during the fourth quarter worth approximately $38,000. New Covenant Trust Company N.A. bought a new stake in shares of Occidental Petroleum during the first quarter worth approximately $44,000. Finally, LRI Investments LLC acquired a new position in shares of Occidental Petroleum in the first quarter valued at approximately $44,000. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial reduced their price target on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company reduced their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Mizuho lowered their price target on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Stephens reissued an “overweight” rating and issued a $76.00 price objective on shares of Occidental Petroleum in a report on Thursday, August 8th. Finally, StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.25.

Occidental Petroleum Trading Up 0.4 %

Shares of OXY stock opened at $53.45 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. Occidental Petroleum Co. has a fifty-two week low of $49.75 and a fifty-two week high of $71.18. The company has a market cap of $48.41 billion, a PE ratio of 14.60 and a beta of 1.58. The stock’s fifty day moving average price is $55.29 and its two-hundred day moving average price is $60.72.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.26. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Equities analysts predict that Occidental Petroleum Co. will post 3.57 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.65%. Occidental Petroleum’s payout ratio is presently 24.04%.

Insider Activity

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the sale, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.