Exos TFP Holdings LLC Purchases Shares of 2,055 Occidental Petroleum Co. (NYSE:OXY)

Exos TFP Holdings LLC purchased a new stake in shares of Occidental Petroleum Co. (NYSE:OXY – Get Rating) during the fourth quarter, Holdings Channel reports. The fund purchased 2,055 shares of the oil and gas producer’s stock, valued at approximately $129,000.

Other institutional investors have also bought and sold shares of the company. Argent Trust Co bought a new position in shares of Occidental Petroleum during the 4th quarter worth about $296,000. Carnegie Capital Asset Management LLC boosted its position in shares of Occidental Petroleum by 7.4% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 29,430 shares of the oil and gas producer’s stock worth $1,854,000 after purchasing an additional 2,020 shares in the last quarter. Avidian Wealth Solutions LLC boosted its position in shares of Occidental Petroleum by 26.8% during the 4th quarter. Avidian Wealth Solutions LLC now owns 19,414 shares of the oil and gas producer’s stock worth $1,223,000 after purchasing an additional 4,100 shares in the last quarter. Orser Capital Management LLC bought a new position in shares of Occidental Petroleum during the 4th quarter worth about $2,702,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Occidental Petroleum during the 3rd quarter worth about $718,000. Institutional investors own 78.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OXY shares. UBS Group began coverage on shares of Occidental Petroleum in a research report on Wednesday, April 19th. They set a “neutral” rating and a $68.00 price objective on the stock. Susquehanna upped their target price on shares of Occidental Petroleum from $72.00 to $75.00 and gave the stock a “positive” rating in a report on Friday, April 21st. Roth Capital restated a “neutral” rating on shares of Occidental Petroleum in a report on Monday, February 27th. Evercore ISI lowered shares of Occidental Petroleum from an “in-line” rating to an “underperform” rating and lowered their target price for the stock from $74.00 to $60.00 in a report on Wednesday, February 22nd. Finally, Citigroup upped their target price on shares of Occidental Petroleum from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.94.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 1,678,017 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was bought at an average cost of $61.56 per share, with a total value of $103,298,726.52. Following the acquisition, the insider now owns 198,392,755 shares in the company, valued at $12,213,057,997.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 14,781,466 shares of company stock valued at $875,880,626. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Trading Down 1.0 %

Shares of OXY stock opened at $58.81 on Friday. The company has a 50 day moving average of $60.88 and a 200-day moving average of $63.31. The company has a quick ratio of 0.78, a current ratio of 1.09 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 12-month low of $54.30 and a 12-month high of $77.13. The firm has a market cap of $52.44 billion, a P/E ratio of 6.74, a PEG ratio of 0.52 and a beta of 1.78.

Occidental Petroleum (NYSE:OXY – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.21). Occidental Petroleum had a return on equity of 45.10% and a net margin of 27.06%. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter in the previous year, the business earned $2.12 EPS. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. Sell-side analysts anticipate that Occidental Petroleum Co. will post 5.19 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, June 8th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 8.25%.

About Occidental Petroleum

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Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.