Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Czech National Bank

Czech National Bank lifted its stake in Occidental Petroleum Co. (NYSE:OXY) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,485 shares of the oil and gas producer’s stock after purchasing an additional 9,322 shares during the period. Czech National Bank’s holdings in Occidental Petroleum were worth $7,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its stake in shares of Occidental Petroleum by 5.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,368 shares of the oil and gas producer’s stock worth $1,155,000 after acquiring an additional 1,274 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Occidental Petroleum by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,080 shares of the oil and gas producer’s stock valued at $3,973,000 after purchasing an additional 926 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Occidental Petroleum by 7.1% during the third quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer’s stock worth $39,880,000 after purchasing an additional 51,042 shares during the last quarter. Alternative Investment Advisors LLC. purchased a new stake in Occidental Petroleum during the third quarter worth $1,002,000. Finally, Retirement Systems of Alabama grew its holdings in Occidental Petroleum by 1.8% in the third quarter. Retirement Systems of Alabama now owns 149,387 shares of the oil and gas producer’s stock valued at $7,699,000 after purchasing an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $52.11 on Wednesday. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The firm’s 50 day moving average is $49.62 and its two-hundred day moving average is $53.61. The company has a market cap of $48.90 billion, a P/E ratio of 13.57 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s payout ratio is currently 22.92%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, December 9th. Mizuho reduced their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets cut their price objective on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Finally, Citigroup lowered their target price on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Company 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.